Total Acquires Stake in Ichthys LNG Project in Australia

Total announces the signature of an agreement with Japanese energy company INPEX to acquire a 24% interest in Block WA 285-P, located in approximately 250 meters of water offshore northwestern Australia. The proposed transaction is subject to the approval of the Australian authorities in the near future.

INPEX currently owns a 100% interest in Block WA 285-P, which contains the Ichthys gas field, discovered in 2000. Six appreciation wells drilled between 2000 and 2004 confirmed the find