Registration Document 2005 - Total.com

Costs incurred in oil and gas property acquisition, exploration and development activities
The costs incurred in the Group’s oil and gas property acquisition, exploration and development include both capitalized
and expensed amounts.
(in millions of euros) Consolidated Subsidiaries
As of December 31, 2003
(French GAAP) Europe Africa North America Asia
Rest of
the world
Proved property acquisition - 61 3 2 180 246
Unproved property acquisition - 15 8 1 - 24
Exploration costs 69 211 58 48 220 606
Development costs (1) 910 1,361 219 434 833 3,757
Total cost incurred 979 1,648 288 485 1,233 4,633
As of December 31, 2004 (IFRS)
Proved property acquisition - 2 - - 29 31
Unproved property acquisition - - 5 3 - 8
Exploration costs 99 279 94 29 142 643
Development costs (1) 1,084 1,588 203 379 874 4,128
Total cost incurred 1,183 1,869 302 411 1,045 4,810
As of December 31, 2005 (IFRS)
Proved property acquisition - 25 17 - 74 116
Unproved property acquisition - 56 3 - - 59
Exploration costs 108 298 39 15 125 585
Development costs (1) 1,201 1,907 338 491 1,232 5,169
Total cost incurred 1,309 2,286 397 506 1,431 5,929
Company’s share of equity affiliates’ costs of property acquisition, exploration and development
Year ended December 31, 2003 (2) - 64 - - 171 235
Year ended December 31, 2004 (2) - 56 - - 184 240
Year ended December 31, 2005 (2) - 45 - - 145 190
(1) Including asset retirement costs capitalized during the year and any gains or losses recognized upon settlement of asset retirement obligation during the exercise.
(2) including 21 million euros exploration costs in 2005, 16 million euros in 2004 and 4 million euros in 2003.
Costs to develop proved undeveloped reserves
TOTAL - Registration Document 2005
10
The following table presents the amounts spent to develop the proved undeveloped reserves in 2003, 2004 and 2005, as well as the amounts
included in the most recent standardized measure of future net cash flows to develop proved undeveloped reserves in each of the next three years.
CONSOLIDATED SUBSIDIARIES
(in millions of euros) 2003 2004 2005 2006 2007 2008
Costs to develop Proved Undeveloped
Reserves (PUD) 3,480 3,567 4,751 5,870 (1) 4,418 (1) 3,351 (1)
(1) Estimates.
Appendix 2 - Supplemental oil and gas information (unaudited)
Financial review
Total
237