Total (Paris:FP) (LSE:TTA) (NYSE:TOT) announces that, within the
framework of the EGAS 2008 international bid round organized by the
Egyptian authorities, it has been awarded a 90% participation in
and the operatorship of Block 4 (East El Burullus Offshore) in
conjunction with partner ENEL (10%). This award is subject to
approval by the competent authorities.
This block is located in the Mediterranean Sea, in the Nile
Basin, and covers an area of 2,516 square kilometres, and is
situated approximately 70 kilometres from the coast in water depths
varying from 100 to 1,600 metres. The Nile basin is a prolific area
where numerous gas discoveries have already been made.
The permit is for an initial exploration period of four years,
and will include 3D seismic surveys and the drilling of exploration
wells.
Total in Egypt and North Africa
This award brings Total back to Exploration and Production in
Egypt, where it was previously present between 1975 and 2001. Total
intends to bring its experience of deepwater developments to Egypt.
Total is also present in downstream, through its marketing
subsidiary Total Egypte.
In North Africa, Total is present in Exploration and Production:
in Libya with exploration and production assets located offshore
and onshore, and in Algeria with onshore gas production
permits.
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Total is one of the world's major oil and gas groups, with
activities in more than 130 countries. Its 97,000 employees put
their expertise to work in every part of the industry - exploration
and production of oil and natural gas, refining and marketing, gas
& power and trading. Total is working to keep the world
supplied with energy, both today and tomorrow. The Group is also a
first rank player in chemicals. www.total.com
TOTAL S.A.
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542 051 180 R.C.S. Nanterre
www.total.com
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Tel. : 33 (1) 47 44 58 53
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