Exploration Marc Blaizot Senior Vice President Exploration Investor Relations September 26, 2011
2000-2010 giant discoveries (0.5 Bboe) Russia 7.6 Bboe Canada HO UK 0.7 Bboe Kazakhstan 19 Bboe Azerbaijan 0.6 Bboe Uzbekistan 0.7 Bboe US Shale Turkmenistan 25 Bboe Israel 4.1 Bboe GOM 0.6 Bboe Iran 27 Bboe China 15 Bboe…
2000-2010 giant discoveries concentrated on 6 plays Grabens Pre-salt Foothills and Large deltas Abrupt margins Unconventional and rifts carbonates mountain belts India Brazil Nigeria Ghana Bolivia USA Vietnam Venezuela Azerbaijan…
Rejuvenating exploration program I Increasing i potential t ti l Di Diversifying if i exploration l ti program Bboe +33% 25% 4 nearby exploration Under study 3 50% 2 prolific basins 1 Ready to drill 25% frontier…
Recent acreage acquisitions Unconventional Argentina Australia Denmark France Indonesia Poland Abrupt margins Large deltas French Guyana Azerbaijan Ivory Coast Brunei Gabon Grabens Egypt and rifts GOM DRC Acquired acreage…
Bold exploration strategy M More exploration l ti wells ll per year Wells targeting Elephants & Big Cats 80 12 60 8 40 4 20 2010 2011(e) 2012(e) 2008 2009 2010 2011(e) 2012(e) Elephants 500 Mboe Big Cats 200 Mboe Best…
Main exploration wells 2011 2013 N Norway UK Norvarg Tomintoul Alve North Fingal Kazakstan Horne Gulf of Mexico Peri-Alwyn Poland DC10-1 Ligurian 2 Kruppe North Platte Ardennes Aegean Libya Brunei Mauritania Azerbaijan NC…
Bolivia : Aquio-X1001 Total (op.) : 60% Foothills and mountain belts (huge complex anticline) Gas and condensate, resources : 1 Bboe Tested at 0.5 Mm3/d and 500 b/d Next step : drill deeper, extensive delineation, potentially early…
Norway, Barents Sea : Norvarg Total (op.) : 40% Grabens & rifts Frontier gas play Resources : up to 300 Mboe 250 km from Melkoya LNG plant (Snohvit) Melkoya Next step : delineation Seismic interpretation First…
French Guyana : Zaedyus Total : 25% Abrupt margin Resources : 0.5 to 1 Bb 2 oil pay zones (70 m) Next step : full block 3D seismic, large exploration/appraisal drilling campaign French Guyana Ghana Equatorial…
Azerbaijan : Absheron X-2 Total (op.) : 40% Large delta Deep reservoir, new pressure concept Elephant-size gas and condensate discovery 500 feet net pay Giant structural closure : approx. 270 km2 Next step : deeper drilling, test,…
Brunei : Julong, CA 1 Total (op.) : 54% Large delta Elephant-size oil prospect Well spudded early September 2011 Well duration 3 3 months Block B current production area On trend with Sabah discovery A potential new…
Malaysia : Saujana-1 Total (op.) : 70% Grabens & rifts Elephant-size gas and condensate prospect Deep Malay Basin (HP/HT) Depth : 4,500 m; T : 250C Spud planned October 2011 Well duration 4.5 months Potential new play…
Angola : Kwanza Pre-salt carbonates Brazil - Santos Basin analog Total selected for 3 blocks (2 operated) Next step : seismic and drilling Block 40 (35% op.) Block 39 Angola g pre-salt p : will Angola g replicate p…
Argentina shale gas and shale oil Neuquen basin Unconventional resources in place approx. 15-20 Bboe Diverse acreage for targeting gas and oil Good G d source rock k characteristics h t i ti Analog to North America Close to…
Conclusion A bright future for exploration New countries will emerge New domains (Arctic, transition zones, remote onshore grabens) New ideas (carbonate, basement, hydrodynamic traps, shale gas and oil) New ideas & new domains…