Huldra Field Production

Total Fina Elf.
23 November 2001

TOTAL FINA ELF ANNOUNCES START-UP OF HULDRA FIELD PRODUCTION IN NORWEGIAN SECTOR
OF NORTH SEA

Paris, November 23, 2001 - TotalFinaElf announces the start-up of the Huldra gas
and condensate field in the Norwegian sector of the North Sea.  The field is 
located approximately 150 kilometers northwest of Bergen in a water depth of 125
meters.  Huldra will have a daily production of around 10 million cubic meters 
of gas and 30,000 barrels of condensates, representing 93,000 barrels of oil 
equivalent per day.

Four wells have been drilled, with two others scheduled for next year.  The 
unmanned Huldra platform is equipped with a processing and separation unit.  The
gas is sent through the Norwegian transportation system to the continent and the
condensates are transported to the Sture terminal near Bergen.

TotalFinaElf (24.33%) is associated with Statoil, the operator (19.66%), Petoro 
(31.96%), Conoco (23.34%), Paladin Resources (0.5%) and Svenska Petroleum 
(0.21%).

This project confirms TotalFinaElf's continued interest in the North Sea, a 
region where it is already a major player.  It will increase the Group's North 
Sea daily production, which was 685,000 barrels of oil equivalent in 2000.