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Company Profile: Total

04/07/2019

With operations in more than 130 countries, Total engages in all aspects of the petroleum industry, including Upstream operations (oil and gas exploration, development and production, LNG) and Downstream operations (refining, marketing and the trading and shipping of crude oil and petroleum products). The company employ almost 100,000 people worldwide.

Total's Upstream business encompasses oil and natural gas exploration, development and production, along with coal, gas and power activities. Exploration and Production has activities in more than 50 countries with production in 30 of these countries. The company's main production regions are the North Sea, Africa and the Middle East, followed by Southeast Asia and North and South America.

The acquisition of Maersk Oil in March 2018 allowed the Group to reinforce its existing leading positions in the U.K. and in Norway, as well as to enter Denmark, making Total the second-largest operator in the North Sea with an output of 500,000 boe/d by 2020.

For the full year 2018, hydrocarbon production was 2,775 kboe/d, an increase of more than 8% compared to 2017. In the fourth quarter of 2018, production was 2,876 kboe/d.

HISTORY

Total originated in Paris in 1924 as Compagnie Française des Pétroles (“French Petroleum Company”) on the initiative of the French government.

Image source: Total

Known as CFP, the company engaged in exploration and production primarily from the Middle East. Its first refinery began operating in Normandy in 1933. After World War II, CFP engaged in oil exploration in Venezuela, Canada, and Africa while pursuing energy sources within France. Exploration in Algeria, then a French colony, began in 1946, with Algeria becoming a leading source of oil in the 1950s. CFP introduced the Total brand of gasoline on the African continent in 1954, bringing it to Europe that same year. Building on the popularity of its gasoline brand, the company renamed itself Total CFP in 1985. The name changed to Total in 1991 when it became a public company listed on the New York Stock Exchange. Having controlled more than 30 percent of the company’s stock through 1991, the French government over the next five years reduced its stake in the firm to less than 1 percent.  The company acquired Petrofina of Belgium in 1999 and the French oil firm Elf Aquitaine in 2000. 

The Exploration & Production segment encompasses the Group’s oil and gas exploration and production activities in more than 50 countries.

Map source: KeyFacts Energy

WEST EUROPE

1. DENMARK
In Denmark, TOTAL has a 31.2% stake in the assets operated by the Danish Underground Consortium (DUC), following the finalization of the Mærsk Oil acquisition in March 2018. In September 2018, TOTAL also signed an agreement to acquire the entire capital of Chevron Denmark Inc. This acquisition, which was closed on April 1st, 2019, will increase the Group’s interest in DUC to 43.2%. In 2018, the Group’s production was 42 kboe/d. The 100%- operated production comes from two main DUC assets: the Dan/Halfdan and Gorm/Tyra fields. The Tyra field facilities are the main gas treatment hub in Denmark. The Tyra field is being redeveloped due to subsidence problems, and is expected to restart in 2022.

2. NETHERLANDS
In the Netherlands, the Group’s production was 18 kboe/d in 2018 compared to 20 kboe/d in 2017 and 25 kboe/d in 2016. The decrease is due to natural field decline. In 2018, TOTAL holds interests in 22 offshore production licenses, including 18 that it operates. In 2017, production on platforms L7 and F15 stopped and the platforms will be dismantled.

3. NORWAY
In Norway, the Group’s production was 211 kboe/d in 2018, compared to 239 kboe/d in 2017 and 235 kboe/d in 2016. This comes from numerous fields, notably Ekofisk (39.9%), Snøhvit (18.4%) and Troll (3.69%). TOTAL has equity stakes in 66 production licenses on the Norwegian continental shelf, 14 of which it operates. The Group also holds an 18.4% stake in the gas liquefaction plant of Snøhvit (capacity of 4.2 Mt/y), located in the Barents Sea, which is supplied with gas from the Snøhvit and Albatross fields.

4. UNITED KINGDOM
In the United Kingdom, the Group’s production in 2018 was 179 kboe/d, compared with 142 kboe/d in 2017 and 158 kboe/d in 2016. This increase was driven in particular by the assets held in the Quad 9 and 15 areas of the eastern North Sea and Quad 30 in the Central Graben, following the acquisition of Mærsk Oil in March 2018.

TOTAL announced a discovery on the Glengorm prospect (25%), close to existing infrastructure operated by TOTAL, in January 2019.

RUSSIA/FSU

5. AZERBAIJAN
Total have a 40% interest in the Absheron production sharing agreement in the Caspian Sea. This extremely technically challenging block holds great promise in terms of gas resources. The company also have a 5% interest in the Baku-Tbilisi-Ceyhan (BTC) oil pipeline.

In November 2016, Total and SOCAR signed an agreement establishing the contractual and commercial terms for a first phase of production of the Absheron gas and condensate field, located in the Caspian Sea and discovered by Total in 2011. 

6. KAZAKHSTAN
Since 1992, Total has been present in Kazakhstan with the company’s 16.8% stake in the North Caspian permit, which includes the giant Kashagan field operated by the North Caspian Operating Company (NCOC).

TOTAL E&P Kazakhstan holds 16.81% in the North Caspian Production Sharing Agreement, which includes the Kashagan field, as well as other structures. This project is operated by NCOC (North Caspian Operating Company).

The Group’s production was 70 kboe/d in 2018, compared with 42 kboe/d in 2017 and 4 kboe/d in 2016. This is mainly from the Kashagan field operated by the North Caspian Operating Company (NCOC) in the North Caspian license (16.81%). 

7. RUSSIA
In Russia, where the largest percentage of TOTAL’s proved reserves are located (21% as of December 31, 2018), the Group’s production was 389 kboe/d in 2018, compared to 318 kboe/d in 2017 and 335 kboe/d in 2016. This production comes from TOTAL’s stake in PAO Novatek, as well as from the Termokarstovoye and Kharyaga fields (20%) and, since the end of 2017, the Yamal LNG project.

TOTAL has a 20% interest in the Yamal LNG project. In 2013, OAO Yamal LNG(3) launched this project aimed at developing the gas and condensate reserves of the onshore South Tambey field, located on the Yam production and shipped its first cargo aboard the “Christophe de Margerie” icebreaking LNG carrier. The second liquefaction train of the Yamal plant, with a capacity of 5.5 Mt/y, produced its first shipment of LNG in August 2018 and in November 2018 the third train started production, more than a year earlier than originally planned. A smaller (0.9 Mt/y), fourth liquefaction train which uses PAO Novatek proprietary technology is under construction.

In May 2018, TOTAL signed an agreement with Novatek to acquire a 10% direct stake 3 in its new Arctic LNG 2 project, with the option to increase this to 15% under certain conditions. Located on the Gydan Peninsula, opposite Yamal, Arctic LNG 2 will have a production capacity of 19.8 Mt/y and will monetise the giant Utrenneye onshore gas and condensate field. 

In September 2018, TOTAL increased its direct stake in Novatek from 18.9% to 19.4%, which is the maximum allowed in the initial 2011 agreement.

8. UZBEKISTAN

In October 2018, Total signed a cooperation agreement in Uzbekistan with the state- owned company UzbekNefteGas to evaluate the exploration potential of six blocks in the north- east of the country.

EAST EUROPE

9. BULGARIA
In Bulgaria, where TOTAL has been present since 2012, the Group drilled the Polshkov deep offshore exploration well in 2016 on the 14,220 km² Han Asparuh Block (40%, operator), 100 km offshore in the Black Sea, which revealed the presence of oil in this area for the first time.

MEDITERRANEAN

10. CYPRUS
Total is present in Cyprus in oil and gas exploration and petroleum products and related services marketing. The Group has a 100% interest in and operates deep offshore exploration block 11 (100%) southwest of the island together with a non-operated interest in Block 6 in partnership with Eni.

In February 2018, Eni reported a gas discovery in Block 6 with Calypso 1 NFW. The well, which was drilled in 2,074 meters of water depth reaching a final total depth of 3,827 meters, encountered an extended gas column in rocks of Miocene and Cretaceous age. The Cretaceous sequence has excellent reservoir characteristics.

11. GREECE
In Greece, TOTAL (50%, operator) and its partners have held the exploration license for the offshore Block 2 in the Ionian Sea since March 2018. Geological and seismic analyses have been completed and TOTAL will decide soon whether to continue work on this license. Elsewhere, TOTAL (40%, operator) and its partners were awarded two offshore exploration blocks south-west of Crete in 2019.

12. ITALY
Total has been present in Italy for almost 60 years with activities that include Exploration & Production, Refining & Chemicals and Marketing & Services.

Total has a 50% interest in and operates the Tempa Rossa oil field, which is under development in the Basilicata region of southern Italy. The Company are also conducting exploration operations in other licenses in the Southern Apennines region.

AFRICA

13. ANGOLA
Present in Angola since 1953, Total is the country's leading oil operator. Total's production averaged 211,000 barrels of oil equivalent per day in 2018 from Blocks 0, 14, 14K, 17, and 32, as well as Angola LNG.

In addition to the Block 32, which started up production in July 2018 with Kaombo Norte, Total operates Block 17 (with a 40% interest) where investment decisions were taken in 2018 to launch three new satellite projects: Zinia 2, Clov 2 and Dalia 3.

Total is a partner in Blocks 0 (10%), 14 (20%), 14K (36.75%) and 16/06 (65%), as well as in Angola LNG (13.6%), and in different exploration licenses. In 2018, the Group signed a risk service agreement with Sonangol for the deepwater Block 48 exploration license, which Total will operate.

14. COTE D'IVOIRE
In May 2019, Ivory Coast awarded four new offshore oil and gas blocks, two to France’s Total and two to Italy’s ENI. Total will operate offshore Blocks CI-705 and CI-706. Investment for Total will is expected to be $90 million during the exploration period.

15. GABON
In Gabon, the Group’s production was 39 kboe/d in 2018 compared to 54 kboe/d in 2017 and 58 kboe/d in 2016. The Group’s activities are exclusively carried out by Total Gabon, which wholly owns and operates the Anguille and Torpille sector offshore fields, the Mandji Island sector onshore fields and the Cap Lopez oil terminal. In November 2018, Total Gabon launched a drilling campaign on Torpille, as part of the first phase of the redevelopment of the field. In September 2018, TOTAL finalized the sale of a residual interest of 32.9% in the RabiKounga onshore field.

16. KENYA
In Kenya, TOTAL holds 45% of the offshore licenses L11A, L11B and L12 and 25% of the onshore licenses 10BA, 10BB and 13T where oil discoveries have been made.

17. MAURITANIA
Total has increased its exploration in the country through the acquisition of two new deep offshore licenses, the Block C7 (with a 90% participating interest) in May 2017 and the Block C18 (with a 45% participating interest) in August 2017. The Group also operates the deep offshore C9 license (with a 90% participating interest). 

In December 2018, Total and the Ministry of Petroleum, Energy and Mines of Mauritania signed an agreement awarding Total two new exploration and production contracts for Blocks C15 and C31 deep offshore Mauritania, covering an area of 14,175 square kilometers. According to the terms of the contracts, Total will be the operator of these two blocks with a 90% interest alongside the Société Mauritanienne des Hydrocarbures et de Patrimoine Minier (SMHPM) holding the remaining 10%.

Combined with its participation interest and operatorship in Blocks C7, C9 and C18, the award of these new blocks strengthens Total’s position in the emerging hydrocarbons basin offshore Mauritania.

18. MOZAMBIQUE
Total operate (85%) the Zone 3 offshore block in the southern sector of the Rovuma Basin, in water depths of up to 2,500 meters.

19. NAMIBIA
Total operate deep offshore exploration Block 2913B with a 70% interest.

20. NIGERIA
Total have been active in Nigeria for more than 50 years in oil and gas exploration and production, natural gas liquefaction and the marketing of petroleum products and related services.

The Group’s production was 284 kboe/d in 2018 compared to 267 kboe/d in 2017 and 243 kboe/d in 2016. The increase in production was driven by additional gas supply to Nigeria LNG Ltd (NLNG) and from the development of Ofon phase 2 (OML 102). TOTAL operates five of the 33 oil mining licenses (OML) in which it has interests and one prospecting license (OPL).

Total has offshore operations, including production of 183 kboe/d. Onshore production was 102 kboe/d in 2018.

Total is also developing LNG activities via a 15% stake in NLNG, which owns a liquefaction plant with a 22 Mt/y total capacity. The tender process for the engineering works for the construction of about 7 Mt/y of additional capacity started in mid- 2018.

21. REPUBLIC OF THE CONGO
In the Republic of the Congo, the Group’s production, through Total E&P Congo, was 136 kboe/d in 2018 compared to 104 kboe/d in 2017 and 90 kboe/d in 2016

Two major assets in production on the Moho Bilondo license are the Moho Bilondo field (53.5%, operator), where Phase 1b has been producing since 2015, and the Moho Nord field, which reached its production plateau at the end of 2017. The Moho Nord field has been producing above its capacity of 100 kboe/d since the start of 2018 due to the strong productivity of the wells.

22. SENEGAL
In May 2017, Total and the Republic of Senegal signed two agreements enabling Total to contribute to the exploration activities in Senegal’s deep and ultra-deep offshore.
 
The first agreement involves an exploration and production sharing contract for the Rufisque Offshore Profond block, which covers an area of 10,357 square kilometers. Total will be the operator with a 90% interest alongside Société Nationale des Pétroles du Sénégal (Petrosen), holding the remaining 10%. 
 
The Group also signed a cooperation agreement with Petrosen and Senegal’s Ministry of Energy and Renewable Energy Development under which Total will perform studies to assess the exploration potential of Senegal’s ultra-deep offshore and become operator of an exploration block.

In August 2018, PETRONAS through its subsidiary PC Senegal Ltd, signed a Farm-in Agreement with TOTAL E&P Senegal SAS, to acquire a 30% participating interest in the Rufisque Offshore Profond block, marking its entry into Senegal.

Total will maintain operatorship with 60% equity alongside Société Nationale des Pétroles du Sénégal (Petrosen) which holds the remaining 10%.

23. SOUTH AFRICA
Total operate offshore Block 11B/12B. Located 175 kilometers off the coast of South Africa in water depths ranging from 200 to 1,800 meters, the block covers an area of about 19,000 square kilometers.

The company also hold a Technical Cooperation Permit (100%, operator) in the South Outeniqua Block, in water depths of 400 to 4,000 meters.

In February 2018, Total signed an agreement to sell a 25% interest in the Exploration Block 11B/12B to Qatar Petroleum. Upon receiving all regulatory approvals the new partnership structure will be as follows: Total (operator, 45%), Qatar Petroleum (25%), CNR international (20%) and Main Street (10%).

TOTAL stepped up its exploration efforts in the country with the drilling of an exploration well in December 2018 on the offshore11B/12B exploration license (45%, operated). In February 2019, TOTAL announced a gas condensate discovery on the Brulpadda prospect.

24. UGANDA
In Uganda, Total is present in the Lake Albert project, a major project for the Group, via a stake in licenses EA- 1, EA-1A, EA-2 and EA-3 (Kingfisher). Total is the operator of licenses EA- 1 and EA-1A. In January 2017, Total signed an agreement to acquire 21.57% of the 33.33% interest held by Tullow in the licenses. Total will take over operatorship from Tullow of the northern portion of license EA-2, enabling significant synergies in the development of the northern part of the project (known as Tilenga). China National Offshore Oil Corporation (CNOOC) has exercised its pre- emption right on 50% of the interest acquired. The agreement remains subject to approval by the Ugandan authorities.

Following the finalization of the transaction, Total is expected to own a 44.1% stake in the Lake Albert project. The State of Uganda retains the right to take a stake of 15% in the four licences when the final investment decision is made. The exercise of this right would reduce Total's interest to 37.5%.

NORTH AFRICA

25. ALGERIA
Total’s exploration and production activities in Algeria date back to 1952. The Group’s production was 47 kboe/d in 2018, compared to 15 kboe/d in 2017 and 23 kboe/d in 2016. Production in 2016 and 2017 came exclusively from the fields in the TFT zone (Tin Fouyé Tabankort, 35%), while production in 2018 also included the Timimoun field (37.75%) and fields in the Berkine Basin (404a and 208, 12.25%). Production from the Timimoun gas field started in March 2018. The acquisition of Mærsk Oil in March 2018 saw the addition of interests in 404a and 208 Blocks oil assets in the Berkine Basin.

26. EGYPT
Total have interests in two exploration licenses - Block 2 of North El Mahala Onshore, located in the Nile Delta and Block 7 of North El Hammad Offshore (25%), located in shallow waters west of Baltim - representing a surface area of 1,927 square kilometers.

27. LIBYA
In Libya, the Group’s production was 63 kboe/d in 2018 compared to 31 kboe/d in 2017 and 14 kboe/d in 2016. 

This production comes from the Al Jurf fields located on offshore areas 15, 16 and 32 (75%) and from the El Sharara fields located on onshore areas 129- 130 (30%) and 130- 131 (24%). Production was shut- down in July and December 2018 for security reasons. The Mabruk fields, located on onshore areas 70 and 87 (75%) havebeen shut- down since the end of 2014.

In March 2018, TOTAL acquired Marathon Oil Libya Limited, which holds a 16.33% stake in the Waha Concessions.

MIDDLE EAST

28. IRAQ
In Iraq, the Group’s production was 19 kboe/d in 2018 compared to 16 kboe/d in 2017 and 18 kboe/d in 2016. Total holds a 22.5% stake in the risked service contract for the Halfaya field, located in Missan province. In 2017, the decision to develop Phase 3 of the project to increase production to 400 kb/d was taken and the new facilities started up at the end of 2018. Following the finalization of the acquisition of Mærsk Oil in March 2018, Total holds an 18% interest in the Sarsang field in Iraqi Kurdistan.

29. LEBANON
In February 2018, Total-led international consortium (Total 40%, ENI 40%, Novatek 20%) and the government of Lebanon signed two Exploration and Production Agreements covering Blocks 4 and 9 located offshore Lebanon, in the eastern part of the Mediterranean Sea. These agreements provide for the drilling of at least one well per block in the first three years. The blocks were awarded to the consortium in the frame of the 1st offshore licensing round, launched by the Lebanese government in January 2017.

30. OMAN
In Oman, the Group’s production was 38 kboe/d in 2018 compared to 37 kboe/d in 2017 and 2016. 

Total's focus in the Sultanate of Oman is on oil and gas exploration and production in Blocks 6 and 53 and on the Oman LNG/Qalhat LNG liquefied natural gas complex.

The company have a 4% indirect interest in Petroleum Development Oman LLC, the company that operates onshore Block 6, which produces 75% of the country's oil and condensate. Total have a 2% direct interest in Block 53 in central Oman, which contains the Mukhaizna heavy oil field.

31. QATAR
In Qatar, the Group’s production was 211 kboe/d in 2018 compared to 170 kboe/d in 2017 and 134 kboe/d in 2016.

Present in Qatar since 1936, Total holds along with its partner Qatar Petroleum a 20% interest in the upstream part of Qatargas 1, a 10% interest in the Qatargas 1 liquefaction plant joint venture, a 16.7% stake in the Qatargas 2 train 5 joint venture, a 40% interest in Al-Khalij offshore oil field producing 20,000 barrels per day and a 30% stake in North Oil Company joint venture which will operates the giant Al-Shaheen offshore oil field producing 300,000 barrels per day. Total also holds a 24.5% stake in the Dolphin Energy Ltd Company.
 
Total is also a partner in the Ras Laffan Refinery with a 10% interest and in the Qapco (20%) and Qatofin (48.6%) petrochemical plants.

32. UNITED ARAB EMIRATES
Total operate and own a 75% interest in the Abu Al Bukhoosh (ABK) field offshore Abu Dhabi.

On behalf of Abu Dhabi National Oil Company (ADNOC), Total also operate two platforms, KKP and NKPP, located on the ABK field to produce gas from the Khuff reservoirs.

The company hold a 13.33% interest in Abu Dhabi Marine Areas Operating Company (ADMA-OPCO), which operates two offshore fields, Umm Shaif and Lower Zakum.

In March 2018, Total secured stakes in two offshore producing concessions in UAE by the state-owned oil company, Abu Dhabi National Oil Company (Adnoc), in deals worth $1.45bn.

Under the agreements, Total acquired 20% interest in the Umm Shaif and Nasr concession for AED4.2bn ($1.15bn) as well as 5% stake in the Lower Zakum concession for AED1.1bn ($300m). Both the concession agreements have been signed for a 40-year period.

Located about 65km off the coast of Abu Dhabi, the Lower Zakum field commenced production in 1967. It has a target production capacity of 450,000 barrels of oil per day.

The Umm Shaif and Nasr concessions are located about 135km from the coast of Abu Dhabi. They have a target production of 460,000 barrels of oil per day.

NORTH AMERICA

33. CANADA
In Canada, the Group’s production increased to 95 kboe/d in 2018 compared to 59 kboe/d in 2017 and 34 kboe/d in 2016. This increase was due to the start- up in January 2018 and the rapid ramp- up of production from the Fort Hills oil sands mining project. In the fourth quarter of 2018, the project reached levels close to its plateau of 180 kboe/d. Following disposals in 2015 and 2017, Tota's interest is now 24.58%. In addition, the Group reported strong operational performance of the Surmont SAGD oil sands project, in which Total holds a 50% stake.

In September 2018, TOTAL sold its 38.25% stake in the Joslyn project.

34. US Gulf of Mexico
In the United States, the Group’s production was 119 kboe/d in 2018 compared to 123 kboe/d in 2017 and 86 kboe/d in 2016. In the Gulf of Mexico, Total holds interests in the Tahiti (17%) and Chinook (33.33%) deep offshore fields, and, following the acquisition of Mærsk Oil in March 2018, in the Jack (25%) field. The Tahiti Vertical Expansion (TVEX) project, launched in 2016, started production in June 2018, enabling the Tahiti field to maintain a level of production of about 100 kboe/d. 

35. US Onshore
In its Barnett shale gas assets (90.92%), Total stabilized operated production in 2017 and 2018 through a programme of works.

Total also has an interest of 25% in a Chesapeake- operated asset that produces shale gas in the Utica Basin, mainly in Ohio. Total has not taken part in any drilling during the last three years.

SOUTH AND CENTRAL AMERICA

36. ARGENTINA
In Argentina, Total operated approximately 30% of the country’s gas production in 2018, at 79 kboe/d in 2018, compared to 76 kboe/d in 2017 and 78 kboe/d in 2016.

In Argentina, Total operated approximately 30% of the country’s gas production in 2018, at 79 kboe/d in 2018, compared to 76 kboe/d in 2017 and 78 kboe/d in 2016. In Tierra del Fuego, on the CMA- 1 concession, Total operates the Ara and Cañadon Alfa Complex onshore fields and the Hidra, Carina and Aries offshore fields (37.5%). In 2016, Total started production on the Vega Pleyade offshore gas and condensates field (37.5%, operator), which has a production capacity of 350 Mcf/d.

In the Neuquén onshore Basin, the Group holds interests in ten licenses, of which it operates six, including Aguada Pichana Este and San Roque. Three shale gas and oil pilot projects are underway: the first on the Aguada Pichana Block, where gas production started mid- 2015; the second on the Rincón la Ceniza Block, located on the gas and condensate portion of Vaca Muerta (45%, operator), where production started in 2016; and the third on the Aguada San Roque Block (24.71%, operator), began oil production in 2017.

Following good results from the Aguada Pichana pilot project and a reduction in drilling costs, the first phase of development of the giant Vaca Muerta shale play was launched in 2017 in the eastern part of the block.

37. BOLIVIA
In Bolivia, the Group’s production was 42 kboe/d in 2018 compared to 46 kboe/d in 2017 and 34 kboe/d in 2016. Total is present on six licenses and five of them have fields in production: San Alberto (15%), San Antonio (15%), Block Tarija Oeste (41%), and Aquio and Ipati (50%, operator), where the Incahuasi gas field started production in August 2016.

On the Aquio and Ipati Blocks, covering the Incahuasi field, the ICS- 3 well was brought online in 2017 and an increase of the plant’s capacity to 390 Mcf/d was
approved in June 2018. An exploration well is expected to be drilled on the Azero exploration license (50%) in 2019.

38. BRAZIL
In Brazil, the Group’s production totaled 19 kboe/d in 2018, which was its first full year of production in the country. Production comes from the Libra (20%) field, where the producing zone was renamed Mero in 2017, and the Lapa (35%, operator) and Iara (22.5%) fields.

The Mero field is located in the Santos Basin in very deep waters (2,000 m), approximately 170 km off the coast of Rio de Janeiro. Fifteen wells had been drilled as of year- end 2018, with production commencing in 2017 via the FPSO Pioneiro de Libra (50 kb/d capacity), which is designed to carry out the long- term production tests necessary to optimize future development phases. The first development phase (17 wells connected to an FPSO with a capacity of 150 kb/d) also began in 2017.

In March 2017, Total and Petrobras signed agreements covering a number of upstream and downstream assets in Brazil, cementing the Strategic Alliance announced in December 2016. Under that deal, Total will hold a 22.5% stake in the Iara concession area in Block BM-S-11A and a 45% stake in and operatorship of Block BM-S-9A in the Lapa field concession, which came on stream in December 2016 via the 100,000 barrel per day capacity Cidade de Caraguatatuba FPSO. Additionally, technical cooperation between the two companies will be strengthened, particularly through joint appraisal of the exploration potential in promising areas in Brazil and through the development of new technologies, particularly in the deep offshore. 

The acquisition of Mærsk Oil in March 2018 brought new assets into Total's portfolio in Brazil: Wahoo (28.6%) and Itaipu (40%) respectively on the C-M-101 (BMC-30) and C-M-061 (BMC- 32) Blocks in the Campos Basin.

In addition, the Group holds 17 exploration licenses located in the Barreirinhas, Ceará, Espirito Santo, Foz do Amazonas and Pelotas basins.

39.COLOMBIA
Total have been involved in oil and gas exploration in Colombia since 1971. The company have a 50% interest in the Niscota block and started production on the Niscota field (71.4%) in 2017. Commerciality of the development was declared in November 2018.  The Group’s production totaled 1 kboe/d in 2018.

40. GUYANA
In Guyana in 2018, TOTAL finalized the acquisition of a 35% stake in the Canje Block, 25% of the Kanuku Block and 25% of the Orinduik Block, as part of the
exploration of the prolific offshore Guyana Basin. The acquisition of these interests has been approved by the authorities.

41. MEXICO
In Mexico, TOTAL was awarded exploration licenses in 2016 on three blocks in offshore Mexico, following the country’s first competitive deep water bid round. Located in the Perdido Basin, Block 2 (50%, operator) covers an area of 2,977 km² at depths of between 2,300 and 3,600 meters. TOTAL also holds stakes in Blocks 1 (33.33%) and 3 (33.33%), located in the Salina Basin, and in Block 15 (60%, operator). In March 2018, TOTAL obtained three exploration blocks in the shallow waters of the Campeche Basin: Block 32 (50%), Block 33 (50%, operator) and Block 34 (42.5%).

42. VENEZUELA
In Venezuela, the Group’s production was 34 kboe/d in 2018 compared to 44 kboe/d in 2017 and 47 kboe/d in 2016 from the Group’s interests in PetroCedeño (30.32%) and Yucal Placer (69.5%). The development of the extra heavy oil field of PetroCedeño continues (26 wells were drilled in 2018, compared to 49 in 2017 and 39 in 2016), as well as the debottlenecking project for the water separation and treatment facilities.

ASIA/FAR EAST

43. BRUNEI
In Brunei, the Group’s production was 19 kboe/d in 2018 compared to 21 kboe/d in 2017 and 18 kboe/d in 2016. This comes from the Maharaja Lela Jamalulalam conden - sate gas field on Block B (37.5%, operator) and from the unitized Gumusut- Kakap field. The signing of the unitization agreements in July 2018 gives TOTAL 4.64% of the GumusutKakap field, which started in 2012 and produced 155 kboe/d of oil in 2018. The gas from the Maharaja Lela Jamalulalam field is delivered to the Brunei LNG liquefaction plant. TOTAL’s CA1 deep offshore exploration Block (86.9%, operator) license was extended for two years in October 2018.

44. CHINA
In China, the Group’s production was 16 kboe/d in 2018 compared to 15 kboe/d in 2017 and 10 kboe/d in 2016. This production comes from the South Sulige Block (49%) in the Ordos Basin of Inner Mongolia, where the drilling of tight gas development wells is ongoing.

In 2017, TOTAL signed a production sharing contract on the Taiyang exploration Block (49%, operator), located in both Chinese and Taiwanese waters in the China Sea. A 2D seismic survey was carried out in 2018.

45. INDONESIA
In Indonesia, Group production was just 3 kboe/d in 2018, compared with 112 kboe/d in 2017 and 140 kboe/d in 2016, following the expiry of the Mahakam license and the transfer of the corresponding activities to Pertamina on January 1, 2018. The Group still holds an interest in the Sebuku license (15%), where production from the Ruby gas field is routed by pipeline for processing and separation at the Senipah terminal.

46. MALAYSIA
Activities in Malaysia range from oil and gas exploration and petroleum product sales to chemical marketing and manufacturing and solar power. The company operate offshore Blocks SK 317B (85%), DW2E (85%) and SBN (60%) located off the coast of Sarawak state on the island of Borneo. 

47. MYANMAR
In Myanmar, the Group’s production was 17 kboe/d in 2018 compared to 19 kboe/d in 2017 and 21 kboe/d in 2016.

Total E&P Myanmar (TEPM) is the operator (31.2%) of the M5 and M6 blocks on the Yadana offshore gas field, on stream since 1998. The production from M5 and M6 blocks currently supplies half of Myanmar’s gas consumption and around 12% of gas consumed by neighboring Thailand. In 2017, TEPM started up production from the Badamyar project, which enables an extension of the Yadana gas field’s production plateau beyond 2020.

In September 2018, Total announced a successful appraisal of the A6 block Shwe Yee Htun-2 discovery, offshore Myanmar, completing a major step towards confirming a commercial project. The Shwe Yee Htun-2 adds to the Shwe Yee Htun-1 (2016) and Pyi Thit-1 (2017) gas discoveries made earlier on the Block. The cumulated resources are evaluated in the range of 2 to 3 Tcf. 

48. PAPUA NEW GUINEA
Total operate onshore Block PRL-15 with a 40.13% interest. Located in the Gulf of Papua, this includes the major Elk and Antelope discoveries, as well as significant exploration potential in nearby formations.

The company hold a 100% interest in the PPL576 deep offshore exploration license in the Coral Sea, and a 35% interest in the PPL339 exploration license in Gulf Province.

In November 2018, Total and its partners ExxonMobil and Oil Search signed a Memorandum of Understanding (MoU) with the Independent State of Papua New Guinea defining the key terms of the Gas Agreement for the Papua LNG Project. 

Total is the operator of the Elk and Antelope onshore fields and is the largest shareholder in PRL-15 with a 31.1% interest, alongside partners ExxonMobil (28.3%) and Oil Search (17.7%), post the State back-in right of 22.5%. 

The Papua LNG Project will encompass two LNG trains of 2.7 MTPA each and will be developed in synergy with the existing PNG LNG project facilities. Total and its partners have agreed to launch the first phase of the engineering studies of this project.

49. TAJIKISTAN
In June, 2013 Tethys announced the completion of a farm-out agreement with subsidiaries of Total Exploration and Production and China National Petroleum Corporation ("CNPC") whereby each acquired a one third interest in its Bokhtar Production Sharing Contract  in south Tajikistan. The PSC covers an area of about 36,000 square meters.

50. THAILAND
In Thailand, the Group’s production was 52 kboe/d in 2018 compared to 58 kboe/d in 2017 and 60 kboe/d in 2016. This production comes from the Bongkot offshore gas and condensate field (33.33%). The Thai state- owned company PTT purchases all of the natural gas and condensate production. New platforms were installed in 2018 to maintain the production plateau.

AUSTRALASIA

51. AUSTRALIA
Total has had a presence in Australia for over 50 years, with a range of interests and activities spanning the spectrum of the energy industry. Most recently it has been an active partner in the growth of Australia’s Liquefied Natural Gas (LNG) industry.

The Group’s production was 34 kboe/d in 2018 compared to 19 kboe/d in 2017 and 16 kboe/d in 2016. This comes from Gladstone LNG (GLNG) (27.5%) and the Ichthys LNG project, where offshore production began in July 2018 and the first export of LNG occurred in October 2018.

Total have a 30% interest in the Ichthys LNG project that will develop a gas and condensate field located in 260 meters of water in the Browse Basin off northwestern Australia. The field is connected to the coastal LNG plant in Darwin via a subsea pipeline stretching nearly 900 kilometers. In July 2018, the Ichthys LNG Project reached a major milestone with the opening of the first offshore production well, marking the start of 40 years of operations of this gas and condensate field. In December 2018, Total signed an agreement to divest a 4% interest in the Ichthys liquefied natural gas (LNG) project in Australia to operating partner INPEX for an overall consideration of 1.6 billion USD.

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