Re Agreement

Total S.A.
02 August 2005


            Agreement to acquire 100% of Deer Creek Energy Limited
     Total Take's a Decisive Step Forward In Developing Heavy Oil In Canada

Paris Calgary - August 2nd, 2005 - Total has entered into an agreement with Deer 
Creek Energy Limited, a company listed on the Toronto Stock Exchange, to make a 
cash offer to acquire all of the common shares of Deer Creek Energy Limited at a 
price of 25 Can $ per Share, or a total amount of about 1.35 Can $ billion 
(about US $1.11 billion). This friendly offer has been unanimously approved by 
the Board of Directors of Deer Creek Energy Limited, which will recommend the 
offer to its shareholders.

Deer Creek Energy Limited has an 84% interest in the leases of the Joslyn Project 
in the Athabasca region of the Canadian Province of Alberta. The Joslyn Project 
will be a multi-phase development with estimated cumulative production of around 
2 billion barrels of bitumen over 30 years. The majority Of the resource will be 
recovered using open pit mining techniques. ln-situ steam-assisted gravity 
drainage (SAGD) technology will also be used.

An application will be submitted to the Alberta authorities (Alberta Energy and 
Utilities Board - AEUB) in early 2006 for the first phases of the mine and 
related extraction facilities. The mining operations will be a large-scale 
development. Production from the mine is scheduled to begin in 2010 and, 
following several phases, reach a plateau of 200,000 barrels per day of bitumen.

The first two phases of SAGD development have been approved by the AEUB. 
Currently in its start up stage, the Pilot is targeted to become commercial in 
2006, with a production of about 10,000 barrels per day. Further phases are under 
study to take production to a significantly higher level.

The Joslyn Project will include downstream operations to further process the 
bitumen to improve the added-value of the products. Downstream operations are 
likely to include upgrading in Alberta, it is expected that downstream synergies 
could be drawn from Total's equity production of the Joslyn Project and other 
oil sands leases.

This acquisition is in line with Total's strategy of expanding its heavy oil 
operations in the Athabasca region. The Group already owns a 50% interest in the 
Surmont SAGD project, 125 kilometres south of the Joslyn Project.

Total is already a major player in extracting and converting heavy oil thanks to 
its 47% participation in the Sincor project, in Venezuela, one of the world's 
largest developments of its type, which produces more than 200,000 barrels per 
day.



Total Is the fourth largest oil and gas company in the world with operations in 
more than 130 countries. Total's activities cover the whole energy chain of the 
petroleum Industry: exploration, oil and gas production, refining and marketing, 
trading and power generation. The Group is also a major player in chemicals. 
Total has more than 111,000 employees worldwide. More Information can be found 
on the company's website: www.total.com



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