Established in 1962, Total Upstream activities are carried out by three subsidiaries companies in Nigeria, EPNL and TUPNI for oil/gas and Total LNG Limited for gas. We are committed partners in Nigeria's growth and improvement: what we take out of the ground, we put into the economy. Our long term vision is to remain Nigeria's preferred operator, promoting the nation's economy through our various activities, and all the while contributing positively to the sustainable development of its communities.

As a subsidiary of Total, the fourth largest multi-national group worldwide, we receive solid support from our Group, and can draw from its vast pool of technical expertise and experience. Here in Nigeria, our experience goes back more than 40 years, to when we first established our local presence. Total Upstream continues to grow steadily with Nigeria, putting back into the community by supporting programmes for education, health, local business, arts and culture. We are committed to assisting Nigeria in its path to sustainable development for its communities, where we plan to stay for the long haul. Safety and environmental protection is also a key criterion in our operations. Total Upstream operates with a human face - in other words, we encourage our staff to respect each other and the communities in which they work, and to excel at their jobs to reach their highest potential and fullest satisfaction.

Strong backing, firm commitment

Nigeria is determined to use its natural resources to improve its citizens' lives. So it follows that this is a key part of our mission charter. While in the business for finding, extracting, producing and exporting petroleum and gas, Total Upstream is also dedicated to improving the Nigerian people's quality of life. We work in close cooperation with international non-governmental organisations (NGOs), the United Nations Development Programme (UNDP) and government and community representatives. Total Upstream provides skills development for young people, scholarships, upgrades of educational infrastructure, water supply, communication, electricity, health care services and facilities, roads, income generating projects and agriculture. Our common goal: sustainable development.

A global multi-energy provider

Total is the world’s fourth-largest publicly-traded integrated oil and gas company ¹, with operations in more than 130 countries spanning all aspects of the petroleum industry, including Upstream operations (oil and gas exploration, development and production, LNG) and Downstream operations (refining, marketing and the trading and shipping of crude oil and petroleum products )

Total also produces base chemicals (petrochemicals and fertilizers) and specialty chemicals for the industrial and consumer markets (rubber processing, resins, adhesives and electroplating). In addition, Total has interests in the coal mining and power generation sectors. Total is also helping to secure the future of energy through its commitment to developing renewable energies, such as wind, solar and photovoltaic power, and alternative fuels.

With more than 95,000 employees worldwide, Total reported sales of €153.8 billion in 2006.

A leader in each of the core businesses

Upstream

Total has exploration and production activities in 42 countries and produces oil and gas in 30 countries. Our output was 2.36 million barrels of oil equivalent per day in 2006. Europe, Africa and the Middle East are our main producing regions, followed by North and South America and Asia. Total has a solid, diversified portfolio of proved reserves representing 11.1 Billion barrels of oil equivalent ² and of proved and probable reserves of 20.5 Billion barrels of oil equivalent ³.

The Gas & Power division encompasses the marketing, trading, transport and storage of natural gas and liquefied natural gas (LNG), LNG re-gasification and the maritime transport and trading of liquefied petroleum gas (LPG). It also includes power generation from combined cycle gas plants and renewable energies, the trading and marketing of electricity as well as the production and marketing of coal. Total is continuing to develop its global presence in each of these activities.

Downstream

No.1 in Western European refining/marketing ⁴ and No.1 in African marketing ⁵, Total directly operates 13 of the 27 refineries in which it has interests. Total’s retail network of nearly 17,000 service stations is mainly located in Europe and Africa. In 2006, Total’s refining capacity was approximately 2.7 million barrels per day and approximately 3.8 million barrels per day of petroleum products were sold. Outside Europe, Total’s priority focus is on fast-growing markets in Africa, where we are the No.1 marketer with 11% market share, around the Mediterranean Rim and in Southeast Asia.

Total is pursuing an international development strategy in specialty products, particularly LPG in Asia and South America. Total distributes lubricants in more than 150 countries and has refueling stations in over 500 airports worldwide.

Total is a leading global crude oil and refined product trader, handling an average of approximately 5 million barrels per day in 2006.

Chemicals

In Chemicals, Total is one of the world’s largest integrated producers ⁶ and a European or global leader in each of our markets .

• Base Chemicals activities encompass petrochemicals (Total Petrochemicals) including base petrochemicals (the production of olefins and aromatics), polyethylene, polypropylene and styrenics, as well as fertilizers (Grande Paroisse).

• Specialties include rubber processing (Hutchinson), resins (Cray Valley, Sartomer and Cook Composites & Polymers), adhesives (Bostik) and electroplating (Atotech).

Our responsibilities as a manufacturer

As an international energy provider and chemicals producer, Total is directly concerned by major global economic, human resources and environmental issues. Total is committed to tangible objectives as part of its corporate social responsibility process, whose procedures, practices and performance are clearly defined and disclosed.

Total’s main challenges as a manufacturer are sustainably developing energy supply, ensuring the safety of operations and reducing their environmental footprint, helping to combat climate change, respecting and promoting human rights, respecting neighboring communities, and contributing to the development of host countries.

Sidebar

A leader in each of the core businesses

2006 key indicators

• World’s fourth-largest publicly-traded integrated oil and gas company ¹

• Largest market capitalization on the Paris Bourse and the eurozone: €132.6 billion at December 31, 2006

• 95,000 employees

• Operations in more than 130 countries

• 2006 sales: €153.8 billion

Upstream

• Exploration and production operations in 42 countries

• Producer in 30 countries

• Production: 2.36 million barrels of oil equivalent per day

• Proved reserves: 11.1 billion barrels of oil equivalent ²

• Proved and probable reserves: 20.5 billion barrels of oil equivalent ³

Downstream

• No. 1 Western European Refiner-Marketer ⁴ and No. 1 marketer in Africa ⁵

• Refining capacity: approximately 2.7 million barrels per day

• Sales of petroleum products: approximately 3.8 million barrels per day

• Retail network: nearly 17,000 service stations

• Brands: TOTAL, Elf, Elan, AS 24

Chemicals

• One of the world’s leading integrated producers ⁶

Source: 2006 Registration Document

• ¹ Based on market capitalization as of December 31, 2006.

• ² Based on year-end Brent price of 58.93 $/b. ³ Limited to proved and probable reserves covered by E&P contracts on fields that have been drilled and for which technical studies have demonstrated economic development in a 40$/b Brent environment, including the portion of heavy oil in the Joslyn field developed by mining.

• ⁴ Company sources, Oil and Gas Journal of December 18, 2006.

• ⁵ Company sources, PFC Energy, December 2006.

• ⁶ Company data, based on annual sales.

Document validated by Financial Communication: April 16, 2007