EXTRA HEAVY OILS IN THE WORLD ENERGY SUPPLY Ladislas Paszkiewicz Senior Vice President Americas CSR Field Trip Canada, June 2012 1
Increasing need for fossil energies by 2030 Energy mix scenario Mboe/d 2% 4% Solar, wind, others 300 3% Hydro 3% In 2030: 11% 1% 11% Biomass 2% 6% Gas to become the 6% Nuclear 10% second-largest energy 6% resource 24% 22%…
Extra-heavy oil, a major resource to be developed Worldwide oil resources 3,500 Bboe 500 Bb of extra-heavy oil ultimate resources*, incl. oil 100 Oil shale Unconventional sands (16 years of world 80 resources liquid hydrocarbon…
Need for liquid hydrocarbons partly fulfilled with extra-heavy oil in the future Worldwide extra-heavy oil production forecast (incl. oil sands) Mb/d +6% 1% per year overall per year average liquid hydrocarbon production…
What are heavy and extra-heavy oils 2 characteristics by definition: Gravity: very dense, between 7 and 25 API Viscosity (at reservoir conditions): highly viscous, from 10 up to over 10,000 cP Heavy and extra-heavy oils 3…
Huge volumes of heavy oil in place Split by region Split by category Africa Far East C Class A Class Middle East CIS oils sands medium/heavy oil & bitumen 1,940 Bb 9% 4,000 Bb 44% 50% 4,000 Bb 34% 44% 41% 34% North…
Heavy oil production technologies: depending on viscosity, depth and complexity of reservoir Non-mobile oil Mobile oil Complexity of reservoir 20 m Currently mined Electrical heating 100 m R&D In situ new technologies Other…
Thermal or cold production for in situ production Viscosity cP 10 000 000 1 000 000 100 000 10 000 1 000 100 10 1 Reservoir 0 50 100 150 200 250 300 C temperature Athabasca (Canada) Orinoco (Venezuela) Reservoir…
What are the challenges Long production plateau (20-50 years) Substantial investment required (upstream & upgrading) Important CSR concerns including environmental and local content Continue to improve development technologies To…
Total diverse heavy oil portfolio in strategic areas and techniques Project Production techniques Capital Town CANADA Fort Hills VENEZUELA PetroCedeo OMAN Alberta Orinoco belt Mining Upgrader Joslyn MUSCAT Mining NLP Barcelona…
Total in Venezuela, PetroCedeo (cold production) VENEZUELA Start-up: 2000 (upgrader: 2001) Caracas Pto. La Cruz Capacity: 200 kb/d (upgrader: 180 kb/d) PetroCedeo upgrader Cumulated site CAPEX as of end 2011: 8 billion Orinoco…
Total in Canada, a strong base to grow production Long-plateau projects with stable ALBERTA production for 20-30 years Northern Lights (50%) Mining Expected production by 2020: 200 kb/d Fort Hills (39.2%) Mining Voyageur (49%)…
Total building a diverse and strategic portfolio Increasing energy demand requires diversification of supply Extra-heavy oil and oil sands contributing to 7% of liquid hydrocarbon supply in 2030: key contributors to world energy…
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