Re Agreement

Total Fina Elf.
6 June 2002


       TotalFinaElf enters into an exploration permit offshore Malaysia

Paris - June 6, 2002 - TotalFinaElf announces that it has signed an agreement
with Amerada Hess to acquire a 42.5% interest in Deepwater Block F, offshore
Sarawak, in Malaysia. Amerada Hess, the operator, will retain a 42.5% stake,
while the remaining 15% continues to be held by Petronas Carigali, the
exploration and production subsidiary of Malaysia's national petroleum
corporation Petronas.

Block F covers an area of 9,720 square kilometres and is located around 350
kilometres north west of Bintulu in water depths of between 200 and 1,200
metres. The three partners plan to carry out a 3D seismic campaign in 2002
before drilling an exploration well.

This new agreement, which marks the re-entry of TotalFinaElf into Malaysia's oil
and gas exploration sector, is in line with the Group's strategy of diversifying
its activities in exploration and production activities worldwide and
strengthening its presence in South-East Asia.
 

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