Re Agreement

Total Fina Elf.
29 May 2002



 

        TotalFinaElf Raises Interest in Qatar's Al Khalij Field to 100%


Paris - May 29, 2002 - TotalFinaElf has signed an agreement to purchase ENI's 
45% interest in the Al Khalij oil field offshore Qatar. Under the terms of the 
agreement, the Group, as operator of the field, will increase its interest from 
55% to 100%.

The Al Khalij field was brought on stream in March 1997. Its production capacity 
will be increased to 60,000 barrels per day upon completion of the drilling 
campaign currently underway.

This acquisition, which has been approved by Qatar authorities, further 
strengthens TotalFinaElf's position in Qatar, where the Group is a major 
stakeholder in the Dolphin gas project aimed at the supply of gas to the United 
Arab Emirates from the North Field. It is also a key partner in Qatargas (LNG 
production) and the petrochemicals industry.
 



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