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July 2017 Field Trip E and P Projects – Total SA

Total SA · Jul 10, 2017 · 14 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. July 2017 Field Trip E and P Projects – Total SA – slide 1
    E&P Projects Arnaud Breuillac President Exploration & Production
  2. July 2017 Field Trip E and P Projects – Total SA – slide 2
    Sanctioning high return projects in low cost environment 13 FIDs by end-2018 Main project FIDs Net capacity & IRR for TOTAL projects at 50 /b Working interest, 100% capacity kboe/d net TOTAL projects 350 Absheron 1 Azerbaijan 40%…
  3. July 2017 Field Trip E and P Projects – Total SA – slide 3
    Leveraging new organization to keep reducing costs Decrease of capital costs Reductions achieved through renegotiation Upstream Capital Cost Index - IHS CERA Q2-2017 and new tenders vs. 2014 100 Rotating equipment Seismic…
  4. July 2017 Field Trip E and P Projects – Total SA – slide 4
    Improving performance to sustainably reduce costs Decreasing deepwater drilling costs* Decreasing subsea costs: Edradour-Glenlivet k/m B 30 -30% Market Market -45% 1 Design & 15 execution Design & execution 2015 2017…
  5. July 2017 Field Trip E and P Projects – Total SA – slide 5
    Libra: worldclass deepwater development Driving down breakeven Capturing deflation Simplifying development concepts and improving execution Libra vs. Clov: -40% Capex per boe/d Reserves of 3 to 4 Bboe Libra L1 FID 2017 /…
  6. July 2017 Field Trip E and P Projects – Total SA – slide 6
    South Pars 11: giant low cost gas development First mover advantage Reserves 2 Bboe EPC contract award by end-2017 First gas 2021 Production 2 Bcf/d Technical costs < 4 /boe 2017 Field Trip 6
  7. July 2017 Field Trip E and P Projects – Total SA – slide 7
    Uganda, optimizing design and capturing deflation FID 2018, start-up 2021, Total 44%*, operator Decreasing Capex/b /b 1 billion barrels 230 kb/d 100% production capacity 7 -20% Upstream technical costs 11 /b Market Targeting…
  8. July 2017 Field Trip E and P Projects – Total SA – slide 8
    Sanctioning high return conventional satellite developments Standardizing and simplifying designs, accelerating projects Argentina, Fenix Nigeria, Ikike Total 37.5% Op. Total 40% Op. Tie-back to existing onshore facilities (6…
  9. July 2017 Field Trip E and P Projects – Total SA – slide 9
    Short cycle development opportunities More than 20 projects providing Capex flexibility 1 7 20% Bboe net /boe IRR reserves development at 50 /b UK, cost Elgin Franklin infills USA, Barnett, Nigeria Tahiti infills Akpo…
  10. July 2017 Field Trip E and P Projects – Total SA – slide 10
    Short cycle: developing top-tier Vaca Muerta assets Strongly positioned in dry gas, wet gas and oil windows Vaca Muerta core area Mendoza 324,000 net acres with 1.4 Bboe resources La Escalonada Cerro Las Minas Neuquen Basin…
  11. July 2017 Field Trip E and P Projects – Total SA – slide 11
    Restarting profitable infill projects with quick pay back Deepwater and conventional offshore Angola, Block 17 infills Qatar, Al Shaheen infills 6 wells 50 wells Production 50 kboe/d Production 60 kb/d IRR 25% IRR 25%…
  12. July 2017 Field Trip E and P Projects – Total SA – slide 12
    High quality projects brought by Maersk Oil 2nd largest operator in North Sea Total 2 major projects under development Operator Partner Johan Sverdrup Ph1 Culzean Maersk Operator 440 kb/d, 8.4% 100 kboe/d, 50% Partner Start-up in…
  13. July 2017 Field Trip E and P Projects – Total SA – slide 13
    Next wave of giant developments Feeding 2022+ production PNG, Papua LNG Nigeria, Owowo Total 31% Op. Total 18% Reserves 1 Bboe Reserves 1 Bboe Production plateau 150 kboe/d Production plateau 150 kb/d Onshore gas, low breakeven…
  14. July 2017 Field Trip E and P Projects – Total SA – slide 14
    Discipline, growth and cash Reducing breakeven and sanctioning new projects E&P Free cash flow*, incl. 1 B/y net resource acquisition B, at 50 /b 5 Capturing deflation and improving +5 B performance to reduce costs Growing…

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