Total E&P Canada

Total E&P Canada

September 21, 2010 22:46 ET

Total Acknowledges Temporary Adjournment of Joslyn North Mine Hearing

CALGARY, ALBERTA--(Marketwire - Sept. 22, 2010) - The Joint Review Panel established to evaluate Total E&P Canada Ltd's proposed Joslyn North Mine Project (JNMP) has temporarily adjourned its public hearing in Fort McMurray. The JRP will consider rulings on various matters, including questions of constitutional law and filings of information.

"We respect the Joint Review Panel's decision. We understand that the hearing is a thorough process, and that the panel has to consider several complex issues before the hearing can continue," said Gary Houston, Vice President, Midstream and Panel Chair for Total's Joslyn North Mine Project. "We remain confident in our project and look forward to presenting it to the Joint Review Panel and to the public when the hearing resumes."

The Joint Review Panel hopes to release its rulings no later than Monday, September 27, 2010. The hearing will reconvene no earlier than Tuesday, September 28, 2010.

Questions in connection with the various matters being considered should  be directed to the Energy Resources Conservation Board and the Canadian Environmental Assessment Agency.

Total Exploration and Production in Canada

Total operates the Joslyn project with a 75 per cent interest. Production potential of this mining project is currently estimated at 100,000 barrels per day.

Total also owns a 50 per cent interest in the Surmont SAGD project. Phase 1 production began in 2007 and currently averages 20,000 barrels per day. Plateau production is expected to be 27,000 barrels per day. Phase 2 began recently, with production scheduled to start up in 2015, enabling Surmont's total production to increase to around 110,000 barrels per day. Further development phases are under study.

Total also has a 50 per cent interest in the Northern Lights project following the 2008 acquisition of Canada's Synenco Energy. In July 2010, Total entered into a Plan of Arrangement to acquire UTS which holds a 20 per cent interest in the Fort Hills Project.

Total is one of the world's major oil and gas groups, with activities in more than 130 countries. Its 96,000 employees put their expertise to work in every part of the industry – exploration and production of oil and natural gas, refining and marketing, gas & power and trading. Total is working to keep the world supplied with energy, both today and tomorrow. The Group is also a first rank player in chemicals. www.total.com

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