Acquisitions

Total Fina Elf. 26 April 2000 TOTALFINAELF STRENGTHENS ITS EXPLORATION ASSETS IN THE AMERICAS Pari, April 26, 2000 - TotalFinaElf announced today that it has strengthened its exploration assets in the Americas through the acquisition of new acreages in the US and in Colombia. The acquisitions are part of the Group's ongoing strategy of ensuring sustained growth in its exploration and production business. In the US. TotalFinaElf, through its subsidiary Total Exploration & Production USA Inc., has signed an agreement with BHP Petroleum Americas Inc., a subsidiary of Broken Hill Proprietary Ltd. (BHP) of Australia, to acquire interests in three groups of blocks covering the Chinook, Klondike and Cascade deepwater prospects in the Gulf of Mexico. The three groups of blocks are located in the Walker Ridge area, about 330 kilometers offshore Louisiana in water depths ranging between 2,000 and 2,900 meters. They comprise a total of 21 blocks extending through the Mississippi Fan Foldbelt at a distance of around 60 kilometers southwest of an area where several recent discoveries have been made, including Mad Dog, Atlantis and Neptune. Under the terms of the agreement, TotalFinaElf is acquiring a 30% interest from BHP in Chinook (5 blocks) and Klondike (6 blocks), with an option to acquire a 30% interest in Cascade (10 blocks). BHP remains the operator on all the blocks with a 70% interest. A first exploration well is scheduled to be drilled on the Walker Ridge 425 block (Chinook) before March 2001. In Colombia, TotalFinaElf has signed an agreement to acquire a 100% interest in the Guadalupe exploration permit from Ecopetrol, the Colombian national oil company. Located in the Upper Magdalena valley, the Guadalupe permit covers an area of approximately 1,4000 square kilometers and adjoins the Gaitanas permit, in which TotalFinaElf, the operator, holds a 65% interest. A 2D seismic survey was recently completed on Gaitanas and data is in the process of being interpreted. Exploration on Guadalupe will initially include geological and mapping surveys, and a 2D seismic survey. The permit's potential will be assessed following the drilling of an exploration well. This new interest strengthens TotalFinaElf's upstream acreage in Colombia, where the Group is already present with a 19% interest in the Cusiana Cuplagua oil fields currently in production. TotalFinaElf also owns interests in local transport networks, including a 15.2% stake in the Ocensa pipeline linking the Cusiana field and Covenas on the Caribbean coast and a 9.53% stake in the Oleoducto de Colombia (ODC) pipline linking the Middle Magdalena valley to Covenas. Media contacts: Thomas Saunders (33 1) 47 44 42 30 Catherine Enck (33 1) 47 44 72 51 TOTAL FINA ELF S.A. - Capital social 7 222 036 790 euros- 2 place de La Coupole-92400 Courbevoie 542 051 180 RCS Nanterre-
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