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SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA

Total SA · Nov 12, 2013 · 77 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 1
    ELD TRIP Saudi Arabia & FI The Republic of Congo Investor Relations
  2. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 2
    Table of contents Refinery Presentation 02 Fawwaz Nawwab, Wednesday 13th Refining & Chemicals 29 Patrick Pouyann, Wednesday 13th Total in Congo 40 Jacques Marraud des Grottes, Babak Bagherzadeh, Thursday 14th Mature Fields 51…
  3. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 3
    ELD TRIP FI Saudi Arabia Saudi Arabia
  4. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 4
    FI ELD TRIP SAUDI ARAMCO TOTAL REFINING & PETROCHEMICAL COMPANY SATORP Fawwaz Nawwab President and CEO of SATORP Refinery presentation SATORP
  5. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 5
    SAUDI ARAMCO TOTAL REFINING & PETROCHEMICAL COMPANY SATORP Fawwaz Nawwab President and CEO of SATORP Saudi Arabia 2
  6. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 6
    2 Nations
  7. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 7
    SATORP Samref Sasref Yanbu Yanbu RT Yasref Rabigh Riyadh Jeddah Jaizan
  8. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 8
    Jubail 2 SATORP Refinery Jubail 1 King Fahad Industrial Port
  9. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 9
    Key Milestones 2006 2007 2008 2009 2010 2011 2012 2013 MOU Between Saudi Aramco May Total MOU Between Saudi Arabia & Jan France SATORP JV Founded June EPCC Contracts Award July Securing the 8.5 billion loan Oct…
  10. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 10
    Project Overview
  11. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 11
    0,0 0,5 1,0 1,5 2,0 2,5 3,0 3,5 4,0 4,5 Jul09 Aug09 Sep09 Oct09 Nov09 Dec09 Jan10 Feb10 Mar10 Apr10 May10 Jun10 Jul10 Aug10 Sep10 Oct10 Nov10 Dec10 Jan11 Feb11 Mar11 Apr11 May11 Jun11 Jul11 Aug11…
  12. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 12
    Execution Strategy EPCCs worldwide Italy Spain Japan Saudi Arabia Korea Singapore
  13. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 13
    Package 1 - Distillation & Hydro Treatment (Tecnicas Reunidas) Package 7 Package 6 Package 2A - Conversion (Technip) Package 5B Package 5A Package 5A Package 2B - Sulphur, Amine, SWT Acid Gas Treatment Package 1 Package…
  14. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 14
    Safety and Quality Safety Quality Project Construction Man-hours to Date: 360,160,437 Overall Average Project Peak Man-Power: PQI 89.4 46,000 LTIs : 7 TRIR : 0.0367
  15. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 15
    Key Success Factors Full alignment and commitment of Shareholders Alignment between PMT & Operation Safety & Quality - successfully applied the SAUDI ARAMCO & TOTAL Management System Corporate Set up and Readiness managed as a…
  16. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 16
    2009
  17. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 17
    April 2010
  18. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 18
    June 2011
  19. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 19
    Sep 2012
  20. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 20
    2013
  21. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 21
    Refinery Configuration
  22. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 22
    Very sophisticated and Complex Refinery with high level of Automation. Equipments of a Complex & Sophisticated Refinery Refined High Value Product Complying with most Pumps 1,260 Vessels 866 Stringent International Specification…
  23. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 23
    Refinery Scheme LPG LPG NHT (2) Benzene Benz ne Benzene Benz ne Light naphtha CCR CCR Paraxylene Paraxylene Heavy naphtha Kerosene PX PX Gasoline Essences HDS CDU (2) LAGO BP Jet Jet HAGO HDS HP Diesel Diesel…
  24. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 24
    Refinery Startup Status
  25. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 25
    STARTUP STATUS MIDDLE NOVEMBER FUEL OIL COOLER L A FUEL OIL MIE B ADMINISTRATIVE REGULAR GASOLINE TANKS RBOB GASOLINE TANKS T4001 A/B/C/D T4002 A/B/C/D TANKS BUILD BUILDING T4011A/B ING Chemical Warehouse F I R…
  26. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 26
  27. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 27
    Project Finance 24 3rd Quarter Company Performance
  28. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 28
    SATORP Financing Metrics 8.5 billion external project financing 40 banks involved 7 Export Credit Agencies involved France Germany Japan (2) Korea (2) Spain 3 Islamic instruments (2.43bn) Wakala, Procurement, Sukuk
  29. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 29
  30. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 30
  31. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 31
    Merci Thank You
  32. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 32
    ELD TRIP FI REFINING & CHEMICALS Patrick Pouyann President Refining & Chemicals Member of the Executive Committee Refining & Chemicals
  33. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 33
    REFINING & CHEMICALS Patrick Pouyann President Refining & Chemicals Member of the Executive Committee Saudi Arabia 29
  34. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 34
    Refining & Chemicals at Total 13 refineries Results B 2.0 Mb/d capacity end-2012 vs 2.6 Mb/d end-2006 3000 +17% 2500 41 petrochemicals plants 20 Mt/y of production capacity (45% outside Europe) 22000 2.4 2.1 1500 3 Specialty…
  35. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 35
    Taking up the challenge of new US oil and gas supplies Europe Priority to investments on integrated platforms Reducing refining and petrochemicals exposure by 20% Differentiate commodity polymer products on higher value…
  36. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 36
    On track to achieve profitability target Profitability roadmap ROACE in 2010 environment (ERMI 27 10/t) Efficiencies / synergies +2.5% 13% Portfolio changes +2.5% Major projects Specialty on main chemicals platforms +0.5%…
  37. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 37
    Reducing footprint in Europe Totals refining and petrochemicals 2006-13 Totals European capacity reduction European exposure Base 100 end-2011 -23% -20% 2006 2011 2017 Before end-2011 After end-2011 Disposal Reduction…
  38. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 38
    Satorp, a world-class fully converting platform High Solomon complexity index 14.6 Full- conversion Designed specifically to process refinery with, Arab heavy MHC, DHC, Optimized design and operations cokers 400,000 b/d High…
  39. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 39
    Positioned to supply global markets 2010-13 average Arab Heavy-Brent x differential in /b according to crude destination Saudi Arabia -6.5 Asia Middle East -5 Europe LPG Propylene Benzene USA Paraxylene Gasoline -8…
  40. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 40
    Satorps competitive margin advantage Margin on variable cost /t 100 Margin benefiting from 75 Access to heavy crude 50 Full-conversion process 30 Access to natural gas Integration with Petrochemicals 0 European Crude &…
  41. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 41
    Satorps competitive cost advantages Cash fixed cost /EDC* Costs benefiting from Base 100 -40% Economies of scale Location in large industrial area 50 Access to cheap and reliable electricity Logistic capacity Average…
  42. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 42
    Designed to deliver superior net cash margin Net cash margin of East of Suez refineries In /b 15 15,00 Satorp 10 10,00 5,005 0,000 -5 5,00 -10 10,00 -15 15,00 Net cash flows expected above 0.8 B per…
  43. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 43
    A key asset for Total Reference partnership with Saudi Aramco Successful joint-team project management Asset built for the long term Limited capital employed Further development opportunities Creating a new world-class…
  44. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 44
    ELD TRIP FI The Republic of Congo The Republic of Congo
  45. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 45
    ELD TRIP FI TOTAL IN CONGO Jacques Marraud des Grottes Babak Bagherzadeh Senior Vice President Africa General Manager Exploration & Production Total E&P Congo Total in Congo
  46. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 46
    TOTAL IN CONGO Jacques Marraud des Grottes Babak Bagherzadeh Senior Vice President Africa General Manager Exploration & Production Total E&P Congo
  47. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 47
    Total E&P: a strong presence in Africa Presence in 16 countries Africa SEC production Libya 2nd foreign producer 700 kboe/d 35% Algeria 39% 3rd foreign producer 19% 16% 25% 28% Nigeria 3rd foreign producer 2012 2017…
  48. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 48
    Importance of Congo to Total Third-largest pole for Total E&P in Africa Existing profitable business with diversified assets Many promising projects for the future Projects under New business Exploration Mature fields…
  49. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 49
    Presence of Total E&P in Congo Emeraude Nkossa Moho Bilondo Moho North 1972 1996 2008 2015/2016 1957 First exploration well 1969 First offshore discovery on Emeraude 1972-1996 First offshore developments: Emeraude 1972 Yanga…
  50. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 50
    Total E&P Congo assets Djno Madingo North South 2012 WI Total Production Operator (kboe/d) 55% North 37 Total South 65% 65% 26 Total Nkossa Nkossa Moho 54% 54% 37 66 Total Total Moho 50% Madingo 25 ENI…
  51. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 51
    Total, the largest oil company in Congo Operated production in Congo A promising future for hydrocarbons kboed production in Congo Maintain a profitable growth Produced Resources 400 387 1969-2012 (2P+2C) 30% 30% 269 300…
  52. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 52
    Safety and environment, our top priorities Lost Time Injury Frequency and Total Recordable Injury Rate Safety as a value as well as a duty. TRIR & LTIF Mhr Improving our performance in safety on: Loss of containment due to external…
  53. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 53
    Implementing Total E&P strategy in Congo Total E&P Congo SEC production kboe/d 172 113 Maximizing existing production - 2012 2013 2014 2015 2016 2017 2018 2019 2020 Bringing projects on stream Base Limiting natural…
  54. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 54
    Growing production profitably Optimizing and rationalizing our portfolio Identifying and capturing synergies Supporting partners on non-operated assets Concentrating efforts on most promising assets: Moho and Nkossa Divesting:…
  55. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 55
    Renewing and managing reserves through exploration Total E&P Congo, the largest operated acreage in Lower Congo Basin Free blocks 52% Madingo Others Total 29% 11% 4 discoveries (MTPS) Eni Toward an ultra-deep offshore…
  56. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 56
    Improving technology of our facilities Nkossa Moho Bilondo (Alima) Moho North 1996 2008 2015 / 2016 The Republic of Congo 50
  57. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 57
    ELD TRIP FI MATURE FIELDS Dieudonn Ganga Laurent Barthlmy Operations Manager Field Operations Manager Total E&P Congo Total E&P Congo Mature Fields
  58. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 58
    MATURE FIELDS Dieudonn Ganga Laurent Barthlmy Operations Manager Field Operations Manager Total E&P Congo Total E&P Congo The Republic of Congo 51
  59. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 59
    Total E&P Congo assets Djno Madingo North South 2012 WI Total Production Operator (kboe/d) 55% North 37 Total South 65% 65% 26 Total Nkossa Nkossa Moho 54% 54% 37 66 Total Total Moho 50% Madingo 25 ENI…
  60. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 60
    4 core operated zones North South Yanga Sendji: 55% Tchibouela Tchendo Kombi Likalala Libondo: 65% Tchibeli Litanzi: 65% Total E&P Congo Total E&P Congo 13 platforms 97 wells remaining reserves 9 platforms + 1 flotel 66 wells…
  61. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 61
    Mature fields, a reliable base for the future of Total E&P Congo 2012 Total E&P Congo operated production Production upsides kboe/d Infill wells, re-entries, workovers 150 Development of satellite fields Moho Libondo in…
  62. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 62
    Maintaining the integrity of our facilities High pressure flexibles replaced on North and South: 18 I-tubes installed 9 flexibles changed Project conducted in cooperation with Total Gabon CoGa project (2011-2013) Compression…
  63. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 63
    Fighting the decline, a day-to-day challenge Total E&P Congo SEC production kboe/d 15% decline rate without any action Limiting the decline to 5%, through: Light intervention Dewaxing, gas lift, perforations, 2012 2013 2015 2017…
  64. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 64
    Implementing new technology to capture hidden barrels Leveraging Total E&P Congo high-tech expertise Improved Oil Recovery with multi-stage fracturing in horizontal wells, fishbone wells, hydraulic fracturing Enhanced Oil Recovery…
  65. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 65
    ELD TRIP FI MOHO NORTH PROJECT Yves Duteil Jean-Yves Poulet Project Manager Project Integration Manager Moho North Project
  66. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 66
    MOHO NORTH PROJECT Yves Duteil Jean-Yves Poulet Project Manager Project Integration Manager
  67. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 67
    Moho North, one of Totals top 10 projects Status of major projects Post-2013 start-ups contributing to 2017 production % EPC progress Start-up CLOV 1H 2014 Laggan-Tormore 1H 2014 Nearly doubling number of start-ups in next 3…
  68. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 68
    Total E&P Congo assets Djno Madingo North South 2012 WI Total Production Operator (kboe/d) 55% North 37 Total South 65% 65% 26 Total Nkossa Nkossa Moho 54% 54% 37 66 Total Total Moho 50% Madingo 25 ENI…
  69. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 69
    New developments: Moho North and Phase 1 bis Moho Bilondo producing since 2008 Moho North through Alima FPU MHNM-3 MHNM-2 Moho North objective to develop all the discoveries not yet producing under the Moho Bilondo license…
  70. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 70
    Moho North, a major project for Congo and Total Moho production profile 100%, in kbbl/d 140,000 b/d production at peak 200 45% of the discovered reserves in Congo (2012) 100 10 B Capex Local construction in Pointe Noire…
  71. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 71
    Improved fiscal terms Moho negotiation conducted from 2011 New fiscal terms agreed in Q3 2012, enabling project sanction Improved cost stop Rapid cost recovery Cash flow from operations above Groups major projects…
  72. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 72
    Key dates 2008 July 2011 March 2013 Q3 2014 Q2 2015 Q3 2015 Q2 2016 Q3 2016 Discovery Project team Final Start Arrival First oil Arrival First oil mobilization investment drilling of TLP Phase 1 bis of FPU Moho decision on site on…
  73. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 73
    Moho North reservoir characteristics Moho North: 365 Mbbl Albian Carbonates Light oil Miocene 99 to 112 million years (4,000 m) Unconsolidated sands Dry tree TLP development: Turbidite channels - 12 oil production wells 5 to…
  74. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 74
    A technological development which combines new and upgraded facilities Floating Production Unit Environmentally-friendly design: Tension Leg Platform no flaring and produced water re-injection into the reservoirs A first in Congo…
  75. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 75
    A worldwide contractual strategy to satisfy our technological needs Bergen Oslo Mokpo Paris Ulsan Houston Pointe Noire Djeno DEVELOPMENT Offshore 8,000 direct & indirect jobs EXPLOITATION 130 managers &…
  76. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 76
    Moho North, planning and budget on track Overall progress as of Nov. 2013 100% 2012 2013 2014 2015 2016 Start basic: Q3 2011 Basic engineering 5% Ph1Bis pre-project Janv.13 3Q15 3Q16 Call for tender PROJECT SANCTION FID EPC…
  77. SAUDI ARABIA & THE REPUBLIC OF CONGO – Total SA – slide 77
    ELD TRIP FI

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