Total signs agreement to renew EPSAs for offshore Libya blocks

Total has signed an MOU with Libya's National Oil Corp. (NOC) converting the existing Petroleum Contracts covering the blocks C17 and C137, operated by its subsidiary Mabruk Oil Operations, to EPSA IV format.

Offshore staff

PARIS -- Total has signed an MOU with Libya's National Oil Corp. (NOC) converting the existing Petroleum Contracts covering the blocks C17 and C137, operated by its subsidiary Mabruk Oil Operations, to EPSA IV format. The blocks are located in the onshore Sirte Basin and the offshore Sabratha basin off the Libyan coast, respectively.

Total has a 75% working interest of the second party share in each block, with StatoilHydro holding the remaining 25% of block C17 and Wintershall the remaining 25% of block C137.

02/10/2009

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