RNS Number:5242I
Total Fina Elf.
10 March 2003


 
        Brunel Darussalam : Signature of the Production Sharing Agreement on 
                                    Block J 


Paris, March 10, 2003 - TotalFinaElf announces that it has signed a
Production Sharing Agreement with the Brunel National Petroleum Company for
Block J in the deep offshore waters of Brunel Darussalam. 


TotalFinaElf, operator with a 60% interest, is associated with BHP Billiton
(25%) and Amerada Hess (15%). The Joint Venture had been selected for the
Block J early 2002 following the International Licensing round launched by
the Government of Brunel Darussalam in January, 2001. 


Block J covers an area of approximately 5,000 square kilometres and its
southern boundary is located around 100 kilometres north west of Brunel
Darussalam in water depths ranging from 800 to 2,100 metres. 


In this country, TotalFinaElf is also the operator of Block B which daily
produces around 106 million cubic feet of gas and up to 8,000 barrels of oil. 


This new Production Sharing Agreement represents a major reinforcement for
TotalFinaElf in Brunel  oil and gas sector, and is in line with
the Group's strategy of strengthening its presence in South-East Asia. 
 


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