Waha COncessions

Total has acquired Marathon Oil Libya which holds a 16.33% stake in the Waha Concessions in Libya. This acquisition will give Total access to reserves and resources in excess of 500 million barrels of oil equivalent, with immediate production of around 50.000 barrels of oil equivalent per day (boe/d) and a significant exploration potential across the area of 53.000 sq kms covered by the Concessions in the prolific Sirte Basin. The consideration payment for the transaction is US$450 million.