Middle East Global Perspective Yves-Louis Darricarrre President, Total Exploration & Production Investor Relations Middle East Field Trip November 2008
Long-term energy supply and demand fundamentals Investor Relations Middle East Field Trip www.total.com 3C2130
Fundamentals to support the oil price /b 140 Brent 120 107 /b 100 Average oil price required 80 72 /b futures prices* to balance budget of Middle East 55 /b countries 60 65 /b (source IMF) 38 /b 40 20 2004 2005 2006…
Long-term energy supply constrained Energy supply Energy demand Mboe/d Mboe/d 350 350 350 350 1.2%/y Other renewables 300 300 Biomass 1.9%/y 250 250 Nuclear 250 250 Non-OECD 200 Coal 200 +1.8%/y Biofuels 150 150…
Most of conventional resources in the Middle East Global oil resources Global gas resources 3,000 Bboe 100 years Unconventional resources oil shale, shale gas, coal bed methane, tight gas 2,000 Bboe 70 years 115 years Heavy oil…
Oil production to remain below 100 Mb/d through 2030 Oil production CIS Kazakhstan OPEC 07 30(e) 42% 45% 55% 60% share Mb/d 100 OECD (excluding heavy oil) Asia 30% 40% 45% 30% Heavy oil 07 30(e) 60 07 30(e) Americas…
Middle East demand driven by transportation and development of petrochemicals and industrial projects Oil products demand Demand in the Middle East Europe and CIS Mb/d 10 07 30(e) Transportation +40% North America Asia…
Gas production to grow by 5% per year through 2030 in the Middle East Gas production CIS 07 30(e) Atlantic Basin Bcf/d 150 Export capacity to be concentrated Asia in Qatar and Iran 50 07 30(e) Trans-border gas deals needed…
LNG : fastest growing segment of the industry LNG production capacity Global LNG supply-demand in the Middle East Mt/y 600 +5% per year on average Bcf/d over the long-term Syria 10 5 Iraq 07 30(e) 400 Iran Other demand…
Growing Total in the Middle East Investor Relations Middle East Field Trip www.total.com 3C2130
Integrated growth strategy well adapted to regional trends Adapting Downstream and Petrochemicals in Europe Strengthening LNG leadership Dolphin integrated gas project Developing position in heavy oil Accelerating R&D on CO2, Yemen…
Investing in the next generation of legacy assets 2004-1H08 investment program Capital employed* (Capex / Capital employed) % Middle East 3030 9 9 Other 2020 6 6 Total base 100 Long lasting 1010 75% 3 3 projects**…
High value Middle East portfolio Net present value* of proved and probable reserves Proved and probable reserves 20 years (Middle East) (Middle East, at December 31, 2007) 3 3 Other gas Yemen Development & FEED** 2 base…
More than 30% of 2010(e) new production from the Middle East 2007-2008 2009 Incremental production from 10 main 2007-2009 start-ups Dalia (40%) Akpo (24%) kboe/d Technical production** 600 600 600 Entitlements*** 500 500…
Diversified and well-positioned portfolio of LNG assets in the Middle East Qatargas I (10%) ADGAS (5%) Oman LNG (5.54%) Yemen LNG (39.6%) Qatargas II TrB (16.7%) Pars LNG Capacity : 7.2 Mt/y Capacity : 6.7 Mt/y Capacity : 7.8 Mt/y…
Building strategic partnerships with producing countries to valorize selective feedstocks Main refining and petrochemicals growth projects Capex and additional cash flow* B Qatar ethane crackers Qapco 700 kt/y ethylene cracker +…
Increasing acceptability to secure long-term opportunities Russia Partnership with Gazprom on Shtokman Profit sharing Canada R&D / CO2 in Totals Upstream portfolio* Local upgrader PSCs represent 30% of portfolio** Qatar China…
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