Registration Document 2005 - Total.com

10
Appendix 2 - Supplemental oil and gas information (unaudited)
Other information
The following table sets forth a breakdown of capitalized exploratory costs at year-end 2005, 2004 and 2003 by category of exploratory activity:
Amounts as of December 31 (in millions of euros) 2005 2004 2003
Projects with recent or planned exploratory activity 482 389 317
Wells for which drilling is not completed 63 91 39
Wells with drilling in past 12 months 200 126 223
Wells with future exploratory activity firmly planned (1) 219 172 55
• future exploratory drilling planned
156 148 55
other exploratory activity planned (2)
• 63 24 0
Projects with completed exploratory activity 108 41 105
Projects not requiring major capital expenditures 0 0 0
Projects requiring major capital expenditures 108 41 105
Total 590 430 422
Number of wells at end of year 85 56 62
(1) All projects included in this line require major capital expenditures.
(2) At the end of 2005, this relates to five wells whose continuing capitalization is justified by firmly planned seismic activity for two wells and significant studies for the remaining three wells.
At the end of 2005, there was no amount of capitalized exploratory
drilling costs that was associated with areas not requiring major
capital expenditures before production could begin, where more
than one year had elapsed since the completion of drilling.
At the end of 2005, an amount of 108 M€ was associated with
suspended wells in areas where major capital expenditures will
be required and no future exploratory activity is firmly planned.
This amount corresponds to six projects (19 wells) and is mainly
associated with the four projects further described below:
The first project (PazFlor–3rd Pole of Block 17) relates to a group of
four deepwater oil discoveries in Angola on which five wells were
drilled between 2000 and 2004 for a capitalized amount of 39 M€
as of December 31, 2005 and one well was drilled in 2005 for a
capitalized amount of 10 M€ as at December 31, 2005. Studies
carried out in 2005 for the development of this group of discoveries
have led to the selection of the development concept (Floating,
Production, Storage and Offloading unit or FPSO with a capacity
of 200 kbbl/d) on the basis of which engineering studies have now
been launched. Booking of proved reserves is currently anticipated
in 2006-2008.
The second project (Usan) relates to a deepwater oil discovery in
Nigeria for which six wells were drilled between 2001 and 2004
for a capitalized amount of 28 M€ as of December 31, 2005 and
Amounts and number of wells as of December 31
(in millions of euros)
242 TOTAL - Registration Document 2005
two wells were drilled in 2005 for a capitalized amount of 7 M€
as of December 31, 2005. Following these exploration works,
engineering and development studies have been performed in
2005 leading to the submission to the national oil company NNPC
of a Field Development Plan which envisages the construction
of a FPSO. Booking of proved reserves is currently anticipated in
2006-2008.
The third project (Laggan) relates to a deepwater gas discovery in
the UK West of Shetland Islands, for which one well was drilled in
2004 for a capitalized amount of 16 M€ as of December 31, 2005.
TOTAL and its partners have launched studies to define the
development concept. Booking of proved reserves is currently
anticipated in 2007-2009.
The fourth project (Bonga SW) relates to a deepwater oil
discovery in Nigeria for which three wells were drilled between
2001 and 2003 and for which 8 M€ were capitalized as of
December 31, 2005. Together with the operator and co-venturers,
the Company is working on the elaboration of a Field Development
Plan and pursuing negotiations aimed at a possible unitization of
the field with adjacent licenses. The project team set up in 2005
by the operator has launched the selection of potential contractors
for the development. Booking of proved reserves is currently
anticipated in 2006-2008.
2005 2004 2003
amount number amount number amount number
wells for which drilling is not completed 63 12 91 13 39 10
wells with completed drilling
Less than 1 year
• 200 29 126 12 223 23
Between 1 and 4 years
• 304 40 198 29 139 26
Between 4 years and 8 years
• 23 4 15 2 21 3
More than 8 years
• - - - - - -
Total 590 85 430 56 422 62