Registration document 2011 - tota - Total.com

– In addition to Alwyn and the Central Graben, a third area, West of
Shetland, is undergoing development. TOTAL increased its equity
stake to 80% in the Laggan and Tormore fields in early 2010.
The decision to develop the Laggan/Tormore fields was made in
March 2010 and production is scheduled to start in 2014 with an
expected capacity of 90 kboe/d. The joint development scheme
selected by TOTAL and its partner includes sub-sea production
facilities and off-gas treatment (gas and condensates) at a plant
located near the Sullom Voe terminal in the Shetland Islands. The
gas would then be exported to the Saint-Fergus terminal via a
new pipeline connected to the Frigg gas pipeline (FUKA).
In 2010, the Group’s stake in the P967 license (operator),
which includes the Tobermory gas discovery, increased to 50%
from 43.75%. This license is located north of Laggan/Tormore.
In early 2011, a gas and condensate discovery was made on
the Edradour license (75%, operator), near Laggan and Tormore.
The development of Edradour using the infrastructures in place
is being examined.
TOTAL has stakes in ten assets operated by third parties, the most
important in terms of reserves being the Bruce (43.25%) and Alba
(12.65%) fields. The Group disposed of its stake in the Nelson field
(11.5%) in 2010.
2.3.7. Middle East
In 2011, TOTAL’s production in the Middle East was 570
kboe/d, representing 24% of the Group’s overall production,
compared to 527 kboe/d in 2010 and 438 kboe/d in 2009.
In the United Arab Emirates, where TOTAL has had operations since
1939, the Group’s production was 240 kboe/d in 2011, compared
to 222 kboe/d in 2010 and 214 kboe/d in 2009. The increase in
production in 2011 was mainly due to higher production by Abu Dhabi
Company for Onshore Oil Operations (ADCO) and Abu Dhabi
Marine (ADMA).
In Abu Dhabi, TOTAL holds a 75% stake in the Abu Al Bu Khoosh
field (operator), a 9.5% stake in ADCO, which operates the five
major onshore fields in Abu Dhabi, and a 13.3% stake in ADMA,
which operates two offshore fields. TOTAL also has a 15% stake in
Abu Dhabi Gas Industries (GASCO), which produces LPG and
condensates from the associated gas produced by ADCO, and
a 5% stake in Abu Dhabi Gas Liquefaction Company (ADGAS),
which produces LNG, LPG and condensates.
In early 2009, TOTAL signed agreements for a 20-year extension of
its stake in the GASCO joint venture starting on October 1, 2008.
In early 2011, TOTAL and IPIC, a government-owned entity in Abu Dhabi,
signed a Memorandum of Understanding with a view to developing
projects of common interest in the upstream oil and gas sectors.
The Group has a 24.5% stake in Dolphin Energy Ltd. alongside
Mubadala, a company owned by the government of the Abu Dhabi
Emirate, to market gas produced primarily in Qatar to the United
Arab Emirates.
The Group also owns 33.33% of Ruwais Fertilizer Industries (FERTIL),
which produces urea. FERTIL 2, a new project, was launched in 2009
to build a new granulated urea unit with a capacity of 3,500 t/d
(1.2 Mt/y). This project is expected to allow FERTIL to more than
(1) TOTAL’s indirect stake in Qalhat LNG through its stake in Oman LNG.
Business overview
Upstream 2
double production so as to reach nearly 2 Mt/y in January 2013.
In Iraq, TOTAL bid in 2009 and 2010 on the three calls for tenders
launched by the Iraqi Ministry of Oil. The PetroChina-led consortium
that includes TOTAL (18.75%) was awarded the development and
production contract for the Halfaya field during the second call for
tenders held in December 2009. This field is located in the province
of Missan, north of Basra. The agreement became effective in
March 2010 and the preliminary development plan was approved
by the Iraqi authorities in September 2010. Development operations
started with the shooting of the 3D seismic survey, drilling and the
construction of surface facilities. A production level of 70 kb/d of oil
is expected to be reached in 2012.
In Iran, the Group’s production under buy back agreements was
zero in 2011, having been 2 kb/d in 2010 and 8 kb/d in 2009.
For additional information on TOTAL’s operations in Iran, see
Chapter 4 (Risk Factors).
In Oman, the Group’s production was 36 kboe/d in 2011, stable
compared to 2010 and 2009. TOTAL produces oil mainly on
Block 6 as well as on Block 53 and liquefied natural gas through its
stakes in the Oman LNG (5.54%)/Qalhat LNG (2.04% (1) )
liquefaction plant, which has a capacity of 10.5 Mt/y.
In Qatar, where TOTAL has had operations since 1936, the Group
has equity stakes in the Al Khalij field (100%), the NFB Block (20%)
in the North field, the Qatargas 1 liquefaction plant (10%), Dolphin
(24.5%) and train 5 of Qatargas 2 (16.7%). The Group’s production
was 155 kboe/d in 2011, compared to 164 kboe/d in 2010
and 141 kboe/d in 2009.
– The production contract for Dolphin, signed in 2001 with stateowned
Qatar Petroleum, provides for the sale of 2 Bcf/d of gas
from the North Field for a 25-year period. The gas is processed
in the Dolphin plant in Ras Laffan and exported to the United
Arab Emirates through a 360 km gas pipeline.
– Production from train 5 of Qatargas 2, which started in
September 2009, reached its full capacity (7.8 Mt/y) at year-end
2009. TOTAL has owned an equity stake in this train since 2006.
In addition, TOTAL takes part of the LNG produced in compliance
with the contracts signed in 2006, which provide for the purchase
of 5.2 Mt/y of LNG from Qatargas 2 by the Group.
The Group also has a 10% stake in Laffan Refinery, a condensate
splitter with a capacity of 146 kb/d that started up in September 2009.
Finally, since May 2011 the Group has been a partner (25%) in the
offshore BC exploration license.
In Syria, TOTAL is present on the Deir Ez Zor license (100%,
operated by DEZPC, 50% of which is owned by TOTAL) and
through the Tabiyeh contract that became effective in
October 2009. The Group’s production from these two assets
was 53 kboe/d in 2011, compared to 39 kboe/d in 2010 and 20
kboe/d in 2009. In early December 2011, TOTAL ceased its
activities that contribute to oil and gas production in Syria.
For additional information on TOTAL’s operations in Syria, see
Chapter 4 (Risk Factors).
In Yemen, where TOTAL has had operations since 1987, the Group’s
production was 86 kboe/d in 2011, compared to 66 kboe/d
in 2010 and 21 kboe/d in 2009.
TOTAL has an equity stake in the Yemen LNG project (39.62%).
Registration Document 2011. TOTAL 27