Re Agreement

Total Fina Elf.
13 March 2002

               Oman: TotalFinaElf takes 100% interest in Block 34

Paris - March 13, 2002 - TotalFinaElf has signed an Exploration and Production
Sharing Agreement (EPSA) with the Oman Ministry of Petroleum, taking a 100%
interest as operator in Block 34.

Block 34 is located in the south of the Sultanate and covers a surface area of
around 11,500 square kilometres.  The exploration commitment for the block will
be carried out in successive phases.  The first two years will be dedicated to
geological studies and the acquisition and interpretation of seismic data.

Entry into this new block strengthens the presence of TotalFinaElf in Oman where
the Group is already a partner in the companies.  Petroleum Development of Oman
and Oman Liquefied Gas.




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