Total Sells Valhall, Hod interests to BP

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

Apr 27th, 2010

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

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