Re Contract

Total S.A. 3 July 2003 Pakistan : Signing of Two Production Sharing Contracts for Offshore Blocks G and H Paris - July 3, 2003 - Total announces the signature by its subsidiary Total Exploration and Production Pakistan of two production sharing contracts with the government of Pakistan. The agreements cover the deep Offshore Blocks G and H around 200 kilometres from the coast in water depths of between 1,700 and 3,400 meters. Total is the operator of both of these blocks with an interest of 40% in partnership with Petronas (30%), OMV (15%) and the Pakistani companies Marigas (5%) and OGDCL (10%). The signature of these contracts confirms Total's ambition to continually develop new resources and the company's ability to explore and produce hydrocarbons in technically challenging environments. This information is provided by RNS The company news service from the London Stock Exchange
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