Registration Document 2005 - Total.com

2
Business overview
Upstream - Exploration & Production
production in 2005 of 182 kboe/d, compared to 177 kboe/d in
2004 and 168 kboe/d in 2003, an 8% increase over the period.
TOTAL’s operations in Indonesia are primarily concentrated on the
Mahakam permit which covers several fields, including Peciko and
Tunu, the largest gas field in the East Kalimantan zone.
TOTAL delivers its natural gas production to PT Badak, the
Indonesian company that operates the Bontang LNG plant. The
total capacity of the eight liquefaction trains at the Bontang plant
is 22 Mt/y, making it one of the largest capacities in the world. The
LNG produced is primarily sold under long-term contracts with
Japanese, South Korean and Taiwanese purchasers that use it
mainly for power generation. The production operated by TOTAL
on the Mahakam permit represents more than two-thirds of the
gas volume delivered to the Bontang plant since 2003. In 2005,
the average production delivered amounted to 2,652 Mcf/d
of natural gas. A technical production record was set in July 2005
when 2,928 Mcf/d of gas was delivered.
After the start-up of the third and fourth phases in 2004,
the development of the Peciko field continued in 2005 with the
commissioning of onshore compression units. A fifth phase was
launched in 2005 for the installation of a new platform and the
drilling of additional wells.
On the neighboring Tunu field, the ninth phase of the development
is in progress: five additional platforms became operational
between mid-2004 and early 2005. The tenth phase, launched
in 2004, is under development, while the eleventh phase has just
been decided.
The project to extend the Tambora field was initiated in 2004.
Phase 1 of the new Sisi-Nubi offshore development was launched
in 2005. The gas from Sisi-Nubi is expected to be produced
beginning in 2007 through existing processing facilities.
TOTAL also owns a 50% stake on the Saliki exploration block
adjacent to the Mahakam permit.
Malaysia
Since 2001, TOTAL has held a 42.5% interest in the deep-offshore
Block SKF permit. Based on the exploration well drilled in 2004,
TOTAL is reevaluating the exploration potential of the permit.
Myanmar
TOTAL is the operator of the Yadana field (31.2%, operator). The
Group’s share of production was 13 kboe/d in 2005, compared
to 14 kboe/d in 2004 and 16 kboe/d in 2003. This field, located
on offshore blocks M5 and M6, produces natural gas, which is
principally delivered to PTT (Thailand’s state-owned company) and
used in Thai power plants.
28 TOTAL - Registration Document 2005
Pakistan
TOTAL (40%, operator ) held two ultra-deep offshore exploration
blocks in the Oman Sea. TOTAL relinquished its interests in these
two blocks in 2005 after drilling a dry exploration well in 2004.
Thailand
The Group’s primary asset in Thailand is the Bongkot gas and
condensates field (33.3%), where its production averaged 40 kboe/d
in 2005, compared to 40 kboe/d in 2004 and 34 kboe/d in 2003.
PTT buys all the condensates and natural gas produced.
Development phase 3C, which was completed in 2005, included
the modification of two existing platforms, the installation of a new
well platform and a desulphurization platform. A new development
phase 3E was launched early in 2005 for three new well platforms.
Production from this phase is expected to begin in late 2006.