Total Sells Valhall, Hod interests to BP

Offshore staff

PARIS -- Total has signed an agreement to sell its Valhall and Hod field interests in the Norwegian North Sea to BP.

Valhall is 285 km (177 mi) offshore Norway in 70 m (230 ft) water depth and produced 8,000 b/d in 2009. Total has 15.72% interest. Hod is 13 km (8 mi) south of Valhall and produced 1,000 boe/d in 2009. Total has 25% interest.

The sale is subject to partners' consent and approval by government authorities.

04/27/2010