NEWS BULLETIN

March 19, 2008 --- Vol. 14, No. 34March 2008

Total buys into White Hills

Total E&P USA Inc. has acquired a 30 percent working interest from Chevron at White Hills. Chevron, the operator at White Hills, retains a 70 percent interest.

Total described the prospect in the Brooks Range Foothills as 40 kilometers southwest of Prudhoe Bay and covering an area of approximately 2,000 square kilometers.

Chevron acquired the White Hills tracts in state oil and gas lease sales in 2001 and 2006 and began exploration drilling this winter season.

Total said exploration is under way with three wells planned for this drilling season and additional exploration wells planned for next winter’s season and said it “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.”

Total has been active in exploration and production in the United States since 1957, the company said. It is participating in two development projects, Tahiti and Chinook, in the Gulf of Mexico, and operates two producing Gulf fields, Matterhorn and Virgo.

Total is active in deep offshore exploration in the Gulf of Mexico and in the Beaufort Sea off Alaska.

See the complete story in the March 23 issue of Petroleum News, available online to subscribers at noon, Friday, March 21, at www.PetroleumNews.com.


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