TotalFinaElf clarifies

TotalFinaElf clarifies

As regards the article TotalFinaElf may cancel RI bid due to
war, published on March 20, allow us to make the following
clarification:

* What was really said to your journalist during the telephone
interview on March 19 was that, though war is a factor of
concern, the decision to bid for new blocks offered by the
Indonesian government would have no connection whatsoever with
the situation in the Middle East.

* During the interview, I also stated that any major oil company
would be willing to consider any offer from a host country, but
that the decision to bid would be considered after due study of
the prospects, risks as well as the terms and conditions
offered.

As a company that has been operating in Indonesia for 35 years
and which has made a commitment to continue to be a major gas
producer in East Kalimantan for still many years to come,
TotalFinaElf E&P Indonesie is also committed to seeking new
possibilities to explore other opportunities in the country. This
does not rule out bidding on the 11 new blocks currently being
offered by the government. This statement was acknowledged and
made in consultation with BP Migas.

ANANDA IDRIS, Corporate Communication Manager,
TotalFinaElf E&P Indonesie, Jakarta Head Office