Total in Yemen Martin Deffontaines General Manager, Total E&P Yemen Investor Relations - Middle East Field Trip November 2008
Total : largest foreign investor in Yemen Block 5 Block 18 Blocks 69&71 Block 53 43 kb/d* 61 kb/d* 9 kb/d* OMAN Yemen production Sinopec operator Hunt operator Block 32 Safer operator Total 40% Dove operator Total 15% 11 kb/d*…
Strong historical presence 1930 : Total, shareholder of the Irak Petroleum Company 1987 : Signature of the PSA for Block 10 East Shabwa 1992 : Discoveries by Total on Blocks 5 & 10 1996 : Production launched on Block 5 1997 :…
Yemen : changing scale in 2009 by starting up Yemen LNG OMAN Block 5 Block 10 Totals production in Yemen 42 kb/d for 2009(e) 50 kb/d for 2009(e) Hunt operator East Shabwa Total 15% SAUDI ARABIA Total operator kboe/d RE Total…
Growing value for Total Typical profit sharing in Yemen Totals operating cash flow in Yemen in 2013(e) (Example of Block 10) (in /boe) /b 100 20 Net margin 75 15 base 100 50 Government 10 73% take 72.5% 72% 25 5 Opex…
Yemen LNG : largest industrial project in Yemen Yemen LNGs operating cash flow in 2013(e) 9.15 Tcf proved (in /boe) + 0.7 Tcf probable LNG Plant 2 trains & terminal 6.7 Mt/y LNG - 25 years 20 Mabar 15 Spur line 10 base…
Total E&P Yemen : enhancing production from Block 10 Reducing flaring Block 10 technical production* Valorizing associated gas Regional power plant : 25 MW 40 Km Block 10 gas power plant : 50 MW kb/d Gas export to Block 14 80…
Total E&P Yemen : significant exploration potential Marib basin fields* : Typical basement seismic 1 Bboe produced 0.5 Bb + 10 Tcf remaining Blocks 69&70 2008-2009 work program : Block 69 : 1 well Al Raed-1X in progress 1 seismic…
Total E&P Yemen : demonstrating operational excellence Total E&P Yemen employees Number On track to reach more than 90% of Yemeni employees objective of employees 600 Intensive recruitment program : 190 Yemeni employees recruited in…
Total E&P Yemen : promoting local initiatives for population New model : Before 2007 Total E&P Yemen CSR spending Central role of local development committee Other Local NGOs Agriculture Local NGOs Local advisor and and…