Total Enters New, Promising Exploration Acreage in Alaska

Total reported that its wholly owned subsidiary Total E&P USA, Inc. has acquired a 30% working interest from Chevron in several onshore Alaskan exploration blocks known as White Hills. Chevron is the operator with a 70% interest.

Located onshore in Alaska, 40 kilometres Southwest of Prudhoe Bay, the blocks cover an area of approximately 2,000 square kilometres.

The exploration campaign is under way with three wells planned for this drilling season, and additional exploration wells planned for next winter's season as well.

Total will work closely with the operator, to protect the Alaskan environment. A wide range of measures are implemented to preserve the soil, air, water and wildlife.

This acquisition illustrates the Group's desire to pursue its growth strategy in exploration areas with high potential.