Stmt re Tempa Rossa Oil Field

Total Fina Elf.
31 July 2002


          Italy: TotalFinaElf becomes the operator of Tempa Rossa

Paris, July 31, 2002 - TotalFinaElf has recently become the operator of the
Tempa Rossa oil field, located in the Basilicata region of southern Italy. The
development of this field should be launched next year with first production
envisaged in 2006.

Tempa Rossa will reach a production plateau of 50,000 barrels of oil per day.
Oil production will be transported by pipeline to a refinery on the Italian
coast at Taranto, from where it will be exported.

TotalFinaElf, which has recently purchased Eni's 25% interest in the Gorgoglione
Concession, in which the Tempa Rossa field is located, now owns a 50% share in
this Concession. Its partners are Enterprise Oil Italiana (25%) and Mobil Oil
Italiana (25%).
 

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