Total E&P in the Middle East Ladislas Paszkiewicz President, Middle East Investor Relations - Middle East Field Trip November 2008
70% of global conventional oil and 40% of gas resources in Middle East Middle East hydrocarbon production Resources Share of global 5% 6% 20% 26% 35% 19% 30% 31% 35% 44% oil production Conventional oil Conventional gas Share of…
Diversity of policies regarding access to identified resources Middle East identified hydrocarbon resources 30% of resources in countries with a history of long and fruitful NOC/IOC cooperation (as of 31/12/2007) Being a core…
IOC entitlements represent about 8% of Middle East production 2007 Middle East 2007 Middle East majors hydrocarbon production* hydrocarbon production*** Total Conditional : Open : 15% Oman, Syria, Yemen, Iran, Iraq Qatar, UAE,…
The roots of Total in Middle East 1924 1927 - 1974 1974 - 1980 1980 - 2008 Birth of Compagnie Discoveries, developments Nationalized in Saudi Arabia, New partnerships Franaise des Ptroles and diversification Kuwait, Qatar, Iran and…
Total : most diversified major in the Middle East and well integrated across the value chain 2007 Middle East production* SYRIA IRAN Number of countries with production 3 6 3 2 1 IRAQ kboe/d 700 KUWAIT 600 600 QATAR LNG 500…
Presence throughout region provides unique perspective Producing % Total Prod.** assets (kboe/d) DEZ Huile 100% 30 Producing % Total Prod.** 2007 Middle East assets (kboe/d) hydrocarbon production* Al Khalij 100% 40 Qatargas 1…
Middle East : 15% of Totals production in 2007 and 20% in 2013(e) Production by project Dolphin (24.5%) Export start-up : July 2007 Technical production* 2 Bcf/d export gas reached in March 08 Regional gas kboe/d 25 years…
LNG : 65% of Middle East production growth to 2013(e) Production by category Qatargas I Technical (10%) production* SYRIA 9.9 Mt/y kboe/d Entitlements** IRAN IRAQ Qatargas II TB 600 600 600 (16.7%) KUWAIT 7.8 Mt/y LNG Adgas…
Providing more and more expertise in large integrated projects Production by operatorship Successfully bringing onstream Dolphin kboe/d Technical production* and Yemen LNG Entitlements** 600 600 600 Increasing participation of…
Growing value from the Middle East Production* Operating cash flow (/boe) Profit sharing by contract type 150% in 2013(e) with host countries kboe/d Technical production* 125% Entitlements** 600 600600 Dolphin, Margins Qatargas…
Middle East : a unique set of opportunities for the long-term Production by reserve life Iraq Leverage geological knowledge Technical and studies to access resources production* Participate in exploration effort kboe/d Syria Iran…
Key to future success : anticipate rapidly evolving energy needs and propose solutions Oil demand in the Middle East Mb/d 10 A sharply increasing number of projects Transportation +40% To satisfy Middle East energy consumption…
Key to future success : contributing to the achievement of local ambitions Developing local content Yemen LNG staffing Accompanying NOCs in their ambitions in the framework of our activities 600 600 beyond their boundaries 500…
Focus on countries Investor Relations Middle East Field Trip - www.total.com 3C2130
Total : a core partner of the UAE ADMA (Total : 13.3%) 500 kb/d ABK (Total : 75%) Expansion projects Fixed margin contract Present since 1939 Operated DOLPHIN (Total : 24.5%) Mature oil field Taweelah Receiving Operator or partner…
Qatar : a long-standing partnership Qatargas I 20% upst. Qatargas II train B : Total 16.7% 10% plant Qatargas II TB 16.7% Dolphin 24.5% Qatargas train 1, 2 & 3 Qatargas Al II train B Khalij Qatofin Ras Laffan 100% cracker…
Dolphin : demonstrated expertise in a large integrated project Dolphin offshore Dolphins operating cash flow in 2013(e) production of 2 Bcf/d (in /b) 20 Pipeline capacity of 3 Bcf/d 25-year sales contracts Technological expertise…
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…
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 in Iran 4 oil and gas fields developed since 1995 Sirri A&E signed in 1995 handed over to NIOC in 2001 South Pars Phases 2&3 signed in 1997 handed over in 2004 Balal signed in 1999 handed over in 2004 Dorood signed in 1999…
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