TOTAL AGREES TO UNUSUAL VENTURE WITH ALGERIA

Total Cie. Francaise des Petroles has agreed to a new kind of production partnership with Algeria's Sonatrach. Total will finance two thirds of the $500 million cost of developing Sonatrach's Hamra gas field in Algeria in return for access to all the condensate and LPG from the field during 14-17 years. The agreement will provide Total 150-200 million bbl of oil equivalent starting in 1994. Sonatrach will take all the gas from the field, which lies southeast of the Hassi Messaoud

May 27th, 1991
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