Total to acquire Arafura Sea interests

Total has agreed with ConocoPhillilps to acquire 24.5% interest in two blocks offshore Indonesia.

Offshore staff

PARIS -- Total has agreed with ConocoPhillilps to acquire 24.5% interest in two blocks offshore Indonesia. Conoco/Phillilps operates the Arafura Sea and Amboriop VI blocks and will retain 75.5% in the Arafura Sea block and 51% in the Amborip VI block.

Each block covers 9,000 sq km (3,475 sq mi) and water depth ranges from 30 to 100 m (98 to 328 ft).

A first exploration well is scheduled by the end of this year.

5/10/2010

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