TotalFinaElf and IFP Sign Agreement for R&D Cooperation

TotalFinaElf and l'Institut Français du Pétrole signed a research and development agreement aimed at setting strategic industrial research guidelines and priorities for oil exploration and production. The agreement, which will lead to the preparation of multi-year research programs geared to medium and long-term challenges facing the industry, will facilitate major R&D projects through the pooling of technical and human resources in all areas of upstream oil operations.

IFP, Europe's largest applied research and development organization in the hydrocarbon and automotive fields, will contribute their scientific and technological development capabilities in the exploration and production sector, underscoring their role as industry innovators. TotalFinaElf, by supporting and actively participating in this research, will benefit from technological innovations applicable to its acreage or to use in new upstream projects.

This framework agreement will apply to over ten million euros of joint research programs in a wide range of projects as varied as heavy crude transport, complex well drilling or modeling of multi-phase flows. By establishing a solid foundation for cooperation between industry and research, the agreement will facilitate research projects in partnership with oil services companies.