3 HIgHLIgHTS
2008
January
January 14
> UNITED ARAB EMIRATES – Signature
of a partnership agreement in early 2008 with
GDF SUEZ and Areva to propose the
development of a nuclear power plant project February 12 March
at the appropriate time.
> UNITED STATES – TOTAL launched a
project to build a 50,000-barrel-per-day coker, March 11
>INDIA – TOTAL announced the commercial
a sulfur recovery unit, a vacuum distillation unit
start-up of the largest liquefied petroleum gas > CARIBBEAN – TOTAL announced the
and other related units at its Port Arthur
(LPG) import and underground storage signing of an agreement to acquire marketing
refinery in Texas. The 2.2 billion dollars project
terminal located in the southeastern coast assets in Puerto Rico, Jamaica and the U.S.
will increase the facility’s deep conversion
of India in the state of Andhra Pradesh. This Virgin Islands. The transaction is in line with
capacity.
terminal, the first of its kind in India, has a TOTAL’s development strategy and
storage capacity of 60,000 metric tons. The strengthens its position in this zone by adding
facility is owned and operated by South Asia February 21 a network of approximately 200 service
LPG Limited (SALPG), a company equally stations, a number of petroleum product
> RUSSIA – Gazprom (51%), TOTAL (25%)
owned by TOTAL and HPCL. With the depots and an aviation fuel retailing business.
and StatoilHydro (24%) created the Shtokman
commissioning of the terminal, TOTAL
Development Company for Phase 1
strengthens its position as a participant in
development of the Shtokman gas field,
the growing LPG market in Asia. March 12
situated in the central region of the Russian
sector of the Barents Sea. Front end
> NIGERIA – TOTAL signed an agreement
engineering design (FEED) on the project has
February started, and will be completed in the second
with Nigeria’s Conoil Producing Limited to
farm-in to deep-offshore OPL 257 with a 40%
half 2009 allowing a final investment decision
February 4 interest. OPL 257 lies near the TOTAL-operated
to be made in early 2010. This strategic
Akpo and Egina fields.
partnership will guarantee reliable, long-term
> VENEZUELA – TOTAL and PDVSA signed
gas supply for European consumers.
two joint study agreements to appraise the
extra-heavy oil reserves of the 600-square-
kilometer Junin 10 block and examine a February 28
project to produce them. The agreements
> NIGERIA – TOTAL’s wholly-owned
demonstrate the commitment of TOTAL and
subsidiary Elf Petroleum Nigeria Limited
PDVSA to maintaining their cooperation over
(EPNL) obtained the required approvals from
the long term.
the Nigerian government to begin developing
the offshore Usan field in OPL 222. The field’s
February 8 proved and probable reserves are estimated at
over 500 million barrels of oil. EPNL has a 20%
> VENEZUELA – The Venezuelan authorities
interest in the project.
issued a decree transforming Sincor into a
“mixed company,” PetroCedeño. TOTAL, which March 18
> GABON – TOTAL’s subsidiary Total Gabon
had held a 47% interest in Sincor, will have a
announced that it has begun redeveloping the
30.323% interest in PetroCedeño, alongside > MAURITANIA – TOTAL sold a 20% share
Anguille field. Production is expected to
PDVSA (60%) and Statoil (9.677%). TOTAL will in Mauritania’s Taoudenni license, comprised
increase to a peak of over 30,000 barrels per
be compensated with oil for the transfer of the of the Ta7 and Ta8 permits, to state-owned
day in 2013-2014.
16.677% interest to PDVSA. Sonatrach of Algeria. TOTAL is the operator
of both permits, with an 80% interest. The
transaction illustrates the Group’s commitment
to establishing a strategic partnership with
Sonatrach, both in and outside of Algeria.
14 / ToTal IN 2008
March 19 April 28 May 20
> UNITED STATES – TOTAL’s wholly-owned > REPUBLIC OF CONGO – The deep- > UNITED KINGDOM – The Jura field,
subsidiary Total E&P USA, Inc. acquired a 30% offshore Moho-Bilondo field was brought on situated in the Alwyn Area, 100% owned and
interest from Chevron in several onshore stream in the Republic of Congo. operated by TOTAL, came on stream less than
exploration blocks in the White Hills area of Discovered in 1995, the field is located nearly 17 months after discovery. This high-pressure/
Alaska. This transaction illustrates the Group’s 80 kilometers offshore in water depths ranging high-temperature field with proved and
commitment to pursuing its growth strategy in from 540 to 730 meters and contains estimated probable reserves of 170 million barrels of oil
high-potential exploration areas. reserves of close to 230 million barrels of oil. equivalent lies in Block 3/15 of the U.K. sector
Forecast plateau production is 90,000 barrels of the northern North Sea, in a water depth of
per day. 113 meters. Production capacity is 50,000
april barrels of oil equivalent per day.
April 1 May 22
> UNITED STATES – Total E&P USA, Inc. > MALAYSIA – TOTAL’s wholly-owned
acquired 13 blocks in the Central Gulf of subsidiary Total E&P Malaysia signed a
Mexico in Lease Sale 206. Situated in deep production sharing contract with national oil
waters (1,500 to 2,000 meters) close to company Petronas for two offshore exploration
TOTAL’s wholly-owned blocks in the area, each blocks. The contract covers Blocks PM303
of the lease sale blocks covers an area of and PM324, located approximately 100
approximately 25 square kilometers. The lease kilometers offshore Peninsular Malaysia in
period is ten years. water depths of 50 to 80 meters. TOTAL will
hold a 70% interest in and operate each block.
> CHINA – Total Petrochemicals announced May
plans to build a polypropylene plant in Dongguan
May 23
in the Pearl River region in Guangdong May 13
province in southern China, as part of its joint > ANGOLA – TOTAL signed an innovative
venture with Samsung, Samsung Total > AUSTRALIA – TOTAL acquired interest in framework agreement with the Angolan
Petrochemicals. three offshore licenses in Australia’s Northwest Ministry of Education, which will allow both
Shelf. The AC/P 42 and AC/P 43 licenses are parties to strengthen their cooperation in the
April 8 located in the Vulcan basin, where TOTAL field of education. For example, the
(50%) is partner with Apache (operator, 50%), construction and opening of four Angolan high
> MAURITANIA – TOTAL sold a 20% interest while the WA-408P license (operator, 100%) is schools is scheduled for the 2009 school year.
in the Taoudenni license in Mauritania to Qatar located in the Browse Basin, north of Ichthys. TOTAL is proud of this cooperation agreement,
Petroleum International. TOTAL operates the which provides further confirmation of its
blocks, which cover a total area of 58,000 commitment to play a part in the field of
square kilometers, with a 60% stake. education in host countries, which goes far
beyond the needs of the oil and gas industry.
April 10
> PORTUGAL – TOTAL announced that it
merged its operations in Portugal with those
of CEPSA to create a major operator in the
Portuguese market, with a market share
of almost 11%. CEPSA will manage the new
entity, which will have a network of 300 service
stations and a strengthened position in May 15
specialties, including lubricants, bitumen,
aviation fuel and LPG. > FRANCE – TOTAL acquired a high-
performance computer that makes it a global
leader in scientific computing power.
This investment aims to efficiently enhance
the company’s oil and gas exploration and
production data processing capabilities.
g
ToTal IN 2008 / 15
3 HIgHLIgHTS
May 27 The two companies intend to develop
wide-ranging cooperation in upstream and
august
> BRUNEI – TOTAL announced a significant downstream activities and new energies. As a
discovery of gas and condensates on Block B, first concrete application of this cooperation, August 7
offshore Brunei, in water depth of 62 meters, TOTAL signed an agreement to deliver to
approximately 50 kilometers from the coast. > AUSTRALIA – TOTAL announced a gas
CNOOC up to 1 million metric tons of LNG
With a final depth of 5,850 meters, the discovery from the Mimia-1 exploration well on
annually starting in 2010.
MLJ2-06 well is the deepest ever drilled in the WA-344P license (TOTAL, 40%). Total E&P
Brunei in a high-pressure/high-temperature Australia and Inpex (operator, 60%) acquired
formation. TOTAL operates Block B with a the WA-344P exploration acreage in November
37.5% interest, alongside Shell (35%) and 2007 and completed the Mimia-1 well in July
several local partners (27.5%). 2008. A 72-meter gas column was found and a
production test completed recently confirmed
a gas and condensate discovery.
June
June 1
September
> FRANCE – Patrick de La Chevardière September 3
succeeded Robert Castaigne as Chief
Financial Officer of TOTAL and member of the > JAPAN – Inauguration of the DME
June 22 production plant located in Niigata with a
Executive Committee.
capacity of 80 kt/y.
> SAUDI ARABIA – The Saudi Arabian Oil
June 4 Company (Saudi Aramco) and TOTAL signed
> THE NETHERLANDS – TOTAL entered
the Shareholders Agreement and other core
> UNITED KINGDOM – TOTAL (operator, into an agreement with Talisman Energy to
agreements for the establishment of a new
100%) made a new gas and condensate acquire its Dutch subsidiary, Goal Petroleum
joint venture, the Jubail Refining and
discovery in the Alwyn Area of the northern (Netherlands) B.V. (Goal), for 480 million dollars
Petrochemical Company. The agreements
North Sea, close to the Jura field that recently (excluding working capital).
mark an important step in the planned
came on stream. The Islay field on Block 3/15 construction of a 400,000-barrel-per-day
of the U.K. sector of the North Sea is some world-class, full-conversion refinery in Jubail, September 4
440 kilometers northeast of Aberdeen, in water Saudi Arabia.
depth of 120 meters. The well was drilled to a > SYRIA – TOTAL signed three oil and gas
depth of more than 4,000 meters into the Brent agreements in Syria that will strengthen the
reservoir and tested at 1.22 million cubic Group’s long-term presence in the country by
meters of gas per day, or 8,800 barrels of oil July renewing the Deir Ez Zor oil license, wholly-
equivalent per day, including condensate. owned by TOTAL. The license was extended
for ten years to 2021 and these agreements
July 2 allow TOTAL to expand and optimize
production from the Jafra, Qahar and Atalla
> FRANCE – For the third year in a row,
fields and enhance output from the Tabiyeh
the TOTAL Summer School hosted a weeklong
gas and condensates field to increase gas
session near Paris on global energy issues,
deliveries to the domestic market. TOTAL also
to which 104 students from 80 universities
signed a Memorandum of Understanding with
around the world have been invited.
state-owned Syrian Petroleum Company and
Syrian Gas Company to create a strategic
July 17 partnership to develop joint projects.
> LIBYA – An agreement was signed with
Libya’s National Oil Corporation for Repsol-
operated blocks NC115 and NC186
June 16 in the Murzuq basin, onshore Libya, some
700 kilometers south of Tripoli. TOTAL has
> CHINA – TOTAL signed a Memorandum of a 30% equity share in Block NC115, alongside
Understanding with one of China’s major oil Repsol (40%) and OMV (30%), and holds 24%
and gas companies, China National Offshore of Block NC186, alongside Repsol (32%),
Oil Corporation (CNOOC). OMV (24%) and StatoilHydro (20%).
16 / ToTal IN 2008
September 9 September 17 October 30
> UNITED KINGDOM – TOTAL (operator, > MADAGASCAR – TOTAL signed an > NIGERIA – Total E&P Nigeria Limited
35.784%) announced a significant increase agreement with Madagascar Oil S.A. to farm-in (TEPNG), operator of the NNPC/TEPNG joint
in the potential of the West Franklin field, to the Bemolanga heavy oil license with a 60% venture with a 40% interest, launched the OML
following the drilling of the West Franklin B interest. Following the transaction, TOTAL will 58 upgrade project. OML 58 is located onshore
appraisal well. The West Franklin field is operate the license, which contains heavy oil in Rivers States, approximately 85 kilometers
located in Blocks 29/5b and 29/4d, in place that has been evaluated at 10 billion northwest of Port Harcourt in the Niger Delta.
approximately 240 kilometers east of barrels during earlier drilling operations and The project will help meeting growth in
Aberdeen. TOTAL is now considering options that can be developed using mining domestic gas demand, in line with government
for the next phases of development of the technology. expectations, as well as supplying gas
field, all of which will maximize synergies with to Nigeria LNG. Production is expected
existing Elgin-Franklin facilities. September 19 to increase to 140,000 barrels of oil equivalent
per day. NNPC holds the remaining 60%
September 10 > BOLIVIA – TOTAL, Gazprom and interest in the joint venture.
Yacimientos Petrolíferos Fiscales Bolivianos
> SWEDEN – TOTAL continued to actively (YPFB) signed a cooperation agreement to
promote dimethyl ether (DME) by taking part in explore the Azero block within the framework
the kick-off of the European Union’s BioDME of a joint venture company in which TOTAL
project. and Gazprom will own equal stakes.
> THE NETHERLANDS – TOTAL announced
the production of first gas from the K5F field of october
its gas development project in the K5a block
on the Dutch continental shelf, located October 1
approximately 115 kilometers northwest of
Den Helder on the northern coast. K5F will be > BELGIUM – TOTAL inaugurated a
the first project in the world to use electrically demonstration plant in Feluy to produce
driven subsea equipment. This step change in olefins and polyolefins from methanol, an
subsea technology will deliver increased innovative technology that helps diversifying
system reliability and enhanced environmental feedstocks for plastics. November
performance.
It will also boost TOTAL’s capacity to increase October 17
production from deepwater fields, including
November 3
frontier areas of the North Sea, where the > YEMEN – TOTAL signed an agreement with
Group is pursuing its exploration and Korea National Oil Corporation (KNOC) to > BRUNEI – TOTAL announced a significant
production investment strategy. farm-in to onshore exploration Block 70 in the gas and condensate discovery on Block B,
Attaq Area of Yemen’s Shabwa Governorate, approximately 50 kilometers offshore Brunei,
September 11 with an interest of 30.875%. Block 70, which in a water depth of 62 meters. Drilled to a final
covers an area of 1,367 square kilometers, is depth of 5,227 meters, the ML-4 well
> BELGIUM – Photovoltech announced that located in the southeastern part of Central discovered a new gas-bearing compartment
it will increase the solar (photovoltaic) cell Yemen’s Marib Basin. 2D seismic was acquired in the Maharaja Lela/Jamalulalam field. A gas
production capacity of its plant in Tierlemont, in 2007. column of over 400 meters was encountered
Belgium, from 140 MWp in early 2010 to in reservoirs equivalent to those already in
260 MWp in the medium-term. production in the field. Gas was also found
in deeper, high-temperature/high-pressure
September 12 formations. Further work is necessary
to appraise these discoveries.
> FRANCE – TOTAL announced that it will
participate in Futurol, a second-generation
bioethanol research and development project.
g
ToTal IN 2008 / 17
3 HIgHLIgHTS
November 4 In the Central Graben area of the North Sea, January 19
TOTAL will have a 75% equity interest in Block
> NIGERIA – TOTAL signed an agreement 29/3b, where it has a firm commitment to drill > FRANCE – TOTAL & Renault, who have
with OML Energy Nigeria Limited (OENL) and the high-temperature/high-pressure Corfe maintained a long-standing partnership for
OMEL Exploration and Production Nigeria prospect. more than 40 years through the Elf brand,
Limited (OEPNL) to acquire interests of 25.67% renewed their cooperation agreements in the
in deep-offshore OPL 285 and 14.5% in areas of research & development, marketing,
deep-offshore OPL 279. OENL will continue December 10 with Renault exclusively recommending Total’s
to operate OPL 285 and OEPNL, OPL 279. Elf-branded lubricants at its dealerships
Nigeria’s EMO Exploration and Production > CHINA – Signature of a liquefied natural worldwide, motor racing, with Renault Sport
Limited is also partner in both blocks. gas (LNG) sale agreement with CNOOC (up to Technologies.Total is also continuing its
1 Mt/y from 2010) through TOTAL’s subsidiary partnership with the ING-Renault F1 team.
November 14 Total Gas & Power Ltd. Its colors will now be featured on the team’s
single-seaters.
> THAILAND – TOTAL drilled three
successful exploration wells in the offshore December 15
Bongkot concession in the Gulf of Thailand.
Each well encountered commercial quantities > UNITED STATES – TOTAL became the
of gas and condensates. TOTAL also launched leading shareholder in U.S. startup Konarka,
a new phase of development for the Bongkot specialized in organic photovoltaic technology.
North field. Total Gas & Power USA (SAS) subscribed to a
reserved capital increase, thereby becoming
November 28 the major shareholder, with a significant share
of slightly less than 20%.
> REPUBLIC OF CONGO – TOTAL
announced positive appraisal results for December 23
the Moho Nord Marine-3 well, lying around
80 kilometers offshore the Republic of Congo > NIGERIA – TOTAL subsidiary Total E&P January 21
in 1,030 meters of water. Nigeria Ltd. (TEPG) discovered hydrocarbons
in water depth of 70 meters in OML 102 > FRANCE – TOTAL announced the start-up
offshore southeastern Nigeria, approximately of a revamped world-class styrene unit at its
15 kilometers from the Ofon field. OML 102 is petrochemicals facility in Gonfreville-L’Orcher
being developed by a Nigerian National facility near Le Havre, France. With capacity
Petroleum Corporation (NNPC)/TOTAL joint expanded by 210,000 metric tons per year, the
venture, operated by TEPNG, in which TOTAL 600,000-metric-ton-per-year unit will be one
holds a 40% interest and NNPC 60%. of the largest in Europe, delivering superior
performance, especially in terms of energy
efficiency.
2009
December
January
December 5
January 14
> UNITED KINGDOM – TOTAL was awarded
three exploration licenses in the 25th Oil and > UNITED STATES – TOTAL acquired a 50%
Gas Licensing Round of the U.K. Department interest in American Shale Oil, LLC (AMSO), a
of Energy and Climate Change. In the west of subsidiary of IDT Corporation. Under the terms
the Shetland area, TOTAL and its partners in of the agreement, TOTAL and IDT will jointly
the Laggan and Tormore gas and condensates conduct a research, development and
discoveries were awarded part of the adjacent demonstration program to produce and
Block 205/4. Further north, TOTAL will have a commercialize oil shale from AMSO’s federal
56% interest in the exploration license formed leasehold in western Colorado.
by Blocks 214/17, 214/21b and 214/22.
18 / ToTal IN 2008
January 28 holding the remaining 25% of Block C17 and
Wintershall the remaining 25% of Block C137. March
> CANADA – TOTAL subsidiary Total E&P In the EPSA system, foreign companies
Canada Ltd. launched a public offer to acquire (Second Party) hold together 50% of the March 9
all the issued and outstanding shares of UTS working interest. NOC holds the remaining 50%.
Energy Corporation, a company listed on the > NIGERIA – TOTAL announced that its
Toronto Stock Exchange. subsidiary Total Upstream Nigeria Limited
February 17
(TUPNI), operator of OML 130, brought the
> JAPAN – TOTAL, PT Pertamina (Persero) Akpo deep-offshore field on stream earlier
February and INPEX Corporation signed a Heads of than anticipated. With proved and probable
Agreement with a consortium of liquefied reserves estimated at 620 million barrels of
natural gas (LNG) buyers in Japan, setting out condensates and more than 1 trillion cubic feet
February 4
the principal terms for an extension of LNG of gas, Akpo is one of the largest deep
> FRANCE – TOTAL announced that it will sales contracts. Under these extensions, a offshore projects ever undertaken and will be
sell its minority 40% interest in Société de la total of 25 million metric tons of LNG will be the largest brought on stream in 2009.
Raffinerie de Dunkerque (SRD) to Colas. delivered to Japan between 2011 and 2020,
SRD owns a specialty product refinery producing from the Bontang LNG plant in East March 10
bitumen and base oils. Its majority shareholder Kalimantan, Indonesia.
is ExxonMobil. > FRANCE – TOTAL announced plans
to invest more than 1 billion dollars to adapt
and consolidate its refining and petrochemicals
February 10
operations in France and pursue its growth
> ARGENTINA – TOTAL signed an in solar energy.
agreement with the Argentinean authorities
to extend the Aguada Pichana and San Roque > FRANCE – TOTAL and GDF SUEZ
concessions, located in Neuquén province considered a new investment in solar energy,
in northwestern Patagonia, for a further ten with plans to build a plant at the De Vernejoul
years, from 2017 to 2027. TOTAL operates industrial site in eastern France to manufacture
both concessions, with a 27.3% interest silicon wafers for the photovoltaic industry.
in Aguada Pichana and a 24.7% interest The initial investment is estimated at
in San Roque. The Group maintained plateau approximately 70 million euros and could
production from the two fields at 870 million create 80 to 100 jobs.
cubic feet per day of natural gas and February 27
10,700 barrels of condensates in 2008. March 20
> AZERBAIDJAN – TOTAL signed an
exploration, development and production > VIETNAM –TOTAL signed a production
sharing agreement with Azerbaijan’s state- sharing contract with Vietnam Oil and Gas
owned SOCAR covering a license on the Group (PetroVietnam) for Blocks DBSCL-02
Absheron offshore block. The block is located and DBSCL-03. Located in the Mekong Delta
in the Caspian Sea, 100 kilometers from Baku, area, the onshore blocks are operated by
in a water depth of approxiamtely 500 meters. TOTAL with a 75% interest, while PetroVietnam
TOTAL will be the operator with a 60% interest, Exploration Production (PVEP) holds the
while SOCAR will hold the remaining 40%. remaining 25%.
> LIBYA – TOTAL signed a Memorandum
of Understanding with Libya’s National Oil
Corporation (NOC) renewing the EPSA
contracts for Blocks C17 and C137,
respectively located in the onshore Sirte Basin
and the offshore Sabratha Basin approximately
100 kilometers from the Libyan coast. TOTAL
has a 75% working interest of the Second
Party share in each block, with StatoilHydro
ToTal IN 2008 / 19