SUMMARY
PROFILE
HIGHLIGHTS
CORPORATE
Financial Highlights...............................................................................................................9
Market Environment ............................................................................................................9
Operational Highlights by quarter........................................................................................10
Financial Highlights by quarter............................................................................................10
Market Environment and Price Realizations........................................................................10
Consolidated statement of income ....................................................................................12
Consolidated balance sheet ..............................................................................................16
Consolidated statement of changes in shareholders equity ...............................................19
Net-debt-to-equity ratio ....................................................................................................20
ROACE by business segment ...........................................................................................21
Consolidated statement of cash flow .................................................................................22
Cash flow from operating activities ....................................................................................23
Capital expenditures .........................................................................................................24
Divestments by business segment ....................................................................................24
Share information...............................................................................................................26
UPSTREAM
29
105
Refinery capacity..............................................................................................................111
Petrochemicals product main production capacities at year-end ...................................113
Petrochemicals product sales by geographic area.........................................................113
Speciality chemicals product sales by geographic area .................................................114
Speciality chemicals product sales by activity ..............................................................114
115
Abbreviations
b:
cf:
/d:
/y:
:
$ and/or
dollar:
t:
boe:
kboe/d:
kb/d:
Btu:
M:
B:
MW:
MWp:
TWh:
AMF:
API:
ERMI:
barrel
cubic feet
per day
per year
euro
U.S. dollar
metric ton
barrel of oil equivalent
thousand boe/d
thousand barrel/d
British thermal unit
million
billion
megawatt
megawatt peak (direct current)
terawatt hour
French Financial Markets Authority
American Petroleum Institute
European Refining Margin Indicator.
ERMI is an indicator intended to represent the
margin after variable costs for a hypothetical
complex refinery located around Rotterdam in
Northern Europe. The indicator margin may not be
representative of the actual margins achieved by
TOTAL in any period because of TOTALs
particular refinery configurations, product mix
effects or other company-specific operating
conditions.
FEED: Front-End Engineering and Design
FPSO: Floating Production Storage and Offloading
IFRS: International Financial Reporting Standards
LNG:
liquefied natural gas
LPG:
liquefied petroleum gas
ROE
Return on Equity
ROACE: Return on Average Capital Employed
SEC:
United States Securities and Exchange
Commission
SAGD: Steam Assisted Gravity Drainage
Conversion table
1 boe = 1 barrel of crude oil = approx. 5,400 cf of gas(1) in 2014
1 b/d = approx. 50 t/y
1 t = approx. 7.5 b (for a gravity of 37 API)
1 Bm3/y = approx. 0.1 Bcf/d
1 m3 = approx. 35.3 cf
1 t of LNG = approx. 48 kcf of gas
1 Mt/y of LNG = approx. 131 Mcf/d
(1) This ratio is calculated based on the actual average
equivalent energy content of TOTAL's natural gas
reserves and is subject to change.
PROFILE
KEY FIGURES
FOR 2014
16%
STRATEGY
TOTAL provides energy-related products
and services to customers around the
world by discovering, producing and
transforming oil and gas, as well as other
natural resources (solar and biomass).
The Groups goal is to be a global,
integrated energy company a leading
international oil company and a world-class
operator in gas, petrochemicals, solar
energy and, tomorrow, biomass. To realize
this goal, TOTAL leverages its integrated
business model, which enables it to
capture synergies between the different
business segments of the Group. Together,
TOTALs commitments to ethical practices,
safety and Corporate Social Responsibility
form a shared foundation allowing the
achievement of four strategic objectives:
CLOV
START UP IN JUNE
R&C
PROFITABILITY TARGET
ACHIEVED 1 YEAR
IN ADVANCE
12.8 B$
ADJUSTED NET INCOME
26.4 B$
GROUP ORGANIC CAPEX
(-7% VS 2013)
4.8 B$
HIGHLIGHTS
TOTAL
FACTBOOK 2014
2014 HIGHLIGHTS
JANUARY
APRIL
UK E&P
Acquisition of a 40% interest
in two shale gas exploration
licenses in the UK.
ANGOLA E&P
Final investment decision
for the development of the
Kaombo project.
Following an intensive
optimization exercise, the
projects capital expenditure
to reach full capacity was
reduced by $4 billion to
$16 billion and the production
capacity was increased from
200,000 barrels per day to
230,000 barrels per day.
The start-up is expected
in 2017.
BOLIVIA E&P
Start-up of production from
Phase 2 of the Ita gas
and condensate field located
in Block XX (Tarija Oeste) in
the Andean Cordillera foothills
of Bolivia.
FEB RUARY
ANGOLA E&P
Sale of Totals 15% participating
interest in the offshore Angola
Block 15/06 to Sonangol E&P
for $750 million.
MARC H
M AY
RUSSIA E&P
Signature of an agreement
with Lukoil to create a joint
venture to explore and develop
the tight oil potential
of the Bazhenov play in
Western Siberia.
AZERBAIJAN E&P
Sale of Totals 10% interest
in Shah Deniz field to TPAO.
The transaction and
associated pipelines are
valued at $1.5 billion.
JUNE
ASIA G&P
Signature of a 10-year
agreement with Pavilion Gas
for the supply of 0.7 million
tonnes per year of LNG to Asia
starting in 2018.
ANGOLA E&P
Start up of the project CLOV,
a major deep offshore
development on Block 17,
in line with the initial project
schedule. This project, which
is operated by Total (40%)
and has a production capacity
of 160,000 barrels per day,
will develop proven and
probable reserves of
500 million barrels.
CHINA G&P
Signature of an LNG Cooperation
Agreement between Total and
China National Offshore Oil
Corporation (CNOOC) to supply
1 million tonnes per year of
LNG to respond to increasing
gas demand in China.
J U LY
FRANCE G&P
Exclusive talks with UGI
Corporation, Parent Company
of Antargaz, to sell Totalgaz.
UK E&P
Together with its partner
DONG, launch of the
development of the Edradour
gas field in the West of Shetland
area and acquisition of a 60%
interest in the neighboring
Glenlivet discovery.
FRANCE R&C
Announcement of the intention
to sell CCP Composites
to Polynt Group. Transaction
closed in Q4 2014.
SOUTH AFRICA G&P
Signature of an agreement
with Exxaro Resources Ltd
for the sale of the 100%
stake in Total Coal South
Africa. The consideration for
the transaction is $472 million.
4
2
HIGHLIGHTS
TOTAL
FACTBOOK 2014
2015
SEP TEM BER
FRANCE R&C
Total received an offer from
Arkema to acquire Bostik for
$2.25 billion. Deal closed on
2 February 2015.
USA E&P
Sale of Totals 25% interest in
midstream Utica assets to E1
Corporation and a consortium
of Korean companies for
$450 million.
O C TOBER
HOLDING
Total Chairman and CEO
Christophe de Margerie passed
away tragically in a private
plane crash in Moscow.
Thierry Desmarest was named
Chairman of the Board of
Directors of the Group and
Patrick Pouyann as Chief
Executive Officer and President
of the Executive Committee.
NORWAY E&P
Sale of Totals 8% interest in
the Gina Krog field together
with its interests in Vilje,
Vale and Morvin to PGNiG
Upstream International
for $317 million. Following the
sale, Total retains a 30%
interest in the Gina Krog field.
DECEMBER
IRAQ E&P
Announcement of the Jisik
discovery in the Kurdistan
region of Iraq on the Harir
Block, in which Total has a
35% interest.
FRANCE G&P
Sale of the entire remaining
10.4% stake in GTT to Temasek.
J A N UA RY
NORWAY E&P
Start-up of oil production from
the Eldfisk II project on the
PL018 license in the North
Sea, in which Total owns a
39.9% interest. The project
has a production capacity of
70,000 barrels of oil equivalent
per day.
NIGERIA E&P
Completion of the flare out of
the Ofon field on Oil Mining Lease
(OML) 102 offshore Nigeria.
This flare out milestone will
allow for the gradual increase
of production towards the
90,000 barrels of oil equivalent
per day production target.
UK E&P
Start-up of gas and condensate
production from the West
Franklin Phase 2 project, which
is operated by Total (46.2%) in
the Central Graben area of the
UK North Sea. The project will
supply 40,000 barrels of oil
equivalent per day to the
Elgin/Franklin hub.
6
8
7
5
MA RC H
NIGERIA E&P
Completion of the divestment
of Totals stake in onshore Oil
Mining Lease (OML) 29 to Aiteo
Eastern E&P, for $569 million.
Together with the recently
completed divestments of
OML 24 and OML 18, Totals
share of sale proceeds from
these three onshore Nigerian
blocks amounts to over
$1 billion.
TOTAL
FACTBOOK 2014
CSR
CORPORATE SOCIAL
RESPONSIBILITY
CLOV
On time and on budget
10 M local man-hours
No lost time injury
for the FPSO 16 M man-hours
No continuous flaring
TOTAL
FACTBOOK 2014
CSR
SAFETY
2010
2.2
1.8
1.3
2011
1.6
1.3
1.0
0.9
0.7
2012
2013
2014
SOCIETAL
Within TOTAL,
the 2015 World Day
for Safety at Work
will be dedicated
to TOTALs Golden
Rules. This will be an
opportunity to assess
their dissemination
and knowledge in the
field five years after
their introduction.
(1) High potential events classified 5 or 6 on a 6 levels scale evaluating the actual or potential severity of consequences.
(2) This indicator covers losses of primary containment, which is a standard defined by the American Petroleum Institute and the International Association of Oil & Gas Producers.
TOTAL
FACTBOOK 2014
CSR
SOCIAL
23 23 22
40%
27.2%
19%
17.6%
25%
2014
44
23 23 22
34%
2004
52%
2014
48%
66%
12 13 14
12 13 14
12 13 14
Upstream
Refining &
Chemicals
Group
Liquids Gas
ESG INDICES
5%
2004
2020 (target)
75.8%
of managers recruited
in 2014 were non-French nationals,
representing close to 90 nationalities,
27.6% were women
ENVIRONMENT
TOTAL is faced with a double sided equation:
meeting the growing demand for energy
while limiting its climate footprint. In this
matter, the groups strategy relies on five
areas: developing gas and solar, improving
energy efficiency and access to energy,
and making international commitments.
-50%
7.5
2005
Target
of halving
continuous
flaring
between 2008
and 2014 has
been achieved.
2014
CORPORATE
12.8
30
B$
ADJUSTED NET
INCOME
B$
CASH FLOW(1)
(1) CASH FLOW FROM OPERATIONS
+ ASSET SALES.
5.6
ADJUSTED FULLY-DILUTED
EARNINGS PER SHARE
2.44
2015 OUTLOOK
LOWERING BREAKEVENS
AND RESPONDING TO THE
ENVIRONMENT
>10%
ORGANIC CAPEX REDUCTION FROM
26.4 B$ TO 23-24 B$
50%
INCREASE IN OPEX SAVINGS TO 1.2 B$
30%
REDUCTION IN EXPLORATION
BUDGET TO 1.9 B$
ACCELERATION OF THE
2015-17 ASSET SALE PROGRAM:
5 B$
IN 2015 OUT OF THE 10 B$ PROGRAM
TOTAL
FACTBOOK 2014
CORPORATE
FINANCIAL HIGHLIGHTS
(in million dollars, except percent and per share amounts)
Sales
Adjusted operating income from business segments(1)
Adjusted net operating income from business segments(1)
Net income (Group share)
Adjusted net income (Group share)(1)
Fully-diluted weighted-average number of shares
Adjusted fully-diluted earnings per share ($)(1)(2)
Dividend per share ()(2)(3)
Dividend per ADR ($)(2)(3)(4)
Net-debt-to-equity ratio (as of December 31)
Return on average capital employed (ROACE)(5)
Return on equity (ROE)
Cash flow from operating activities
Investments (7)
Divestments (at sale price)
Investment including net investments in equity
affiliates and non-consolidated companies
2014
236,122
21,604
14,247
4,244
12,837
2,281,004,151
2013
2012
2011
2010
251,725
27,618
15,861
11,228
14,292
257,037
31,946
17,153
13,648
15,772
257,084
34,044
17,118
17,400
15,948
211,146
26,245
14,082
14,740
13,674
5.63
2.44(3)
3.00(3)(4)
31.3%
11.1%
13.5%
25,608
30,509
6,190
6.29
2.38
3.24
23.3%
13.0%
14.9%
28,513
34,431
6,399
6.96
2.34
3.05
21.9%
15.5%
17.7%
28,858
29,475
7,543
7.07
2.28
2.97
23.4%
17.0%
19.9%
27,193
34,161
11,940
6.09
2.28
3.15
22.5%
15.6%(6)
19.2%(6)
24,516
21,574
5,722
28,969
32,782
27,824
32,946
20,429
(1) Adjusted results are defined as income using replacement cost, adjusted for special items, excluding the impact of changes for fair value from January 1, 2011, and, through June 30,
2010, excluding Totals equity share of adjustments related to Sanofi.
(2) Based on the fully-diluted weighted-average number of common shares outstanding during the period.
(3) 2014 dividend subject to approval at the May 29, 2015 Annual Shareholders meeting.
(4) Estimated dividend in dollars includes the first quarterly interim ADR dividend of $0.77 paid in October 2014 and the second quarterly interim ADR dividend of $0.75 paid in January 2015,
as well as the third quarterly interim ADR dividend of $0.74 payable in April 2015 and the proposed final ADR dividend of $0.74 payable in July 2015, both converted at a rate of $1.21/.
(5) Based on adjusted net operating income and average capital employed using replacement cost.
(6) ROACE and ROE are based on historical data in euro for the year 2010.
(7) Including acquisitions.
MARKET ENVIRONMENT
Year-end euro/dollar (/$)
Average euro/dollar (/$)
Year-end Brent price ($/b)
Average Brent price ($/b)
Average refining margins ($/t) ERMI(1)
2014
2013
2012
2011
2010
1.21
1.33
57.3
99.0
18.7
1.38
1.33
110.3
108.7
17.9
1.32
1.28
110.0
111.7
36.0
1.29
1.39
107.4
111.3
17.4
1.34
1.33
95.0
79.5
27.4
(1) Totals European Refining Margin Indicator (ERMI); published quarterly by the Group.
In the 2013 Factbook , the historical Factbook conversion method is used for 2010 data: US dollar data represented euro amounts converted at the average -$ exchange rate
for statement of income and cash flow statement items and at the year-end -$ exchange rate for the balance sheet.
10
CORPORATE
TOTAL
FACTBOOK 2014
st
21,604
17,156
2,739
1,709
14,247
10,504
2,489
1,254
6,182
5,501
328
353
3,699
3,092
346
261
Quarters (1)
2nd
5,583
4,810
368
405
3,824
3,051
401
372
3rd
4th
6,134
4,671
974
489
3,927
2,765
786
376
3,705
2,174
1,069
462
2,797
1,596
956
245
(1) Adjusted results are defined as income using replacement cost, adjusted for special items, excluding the impact of changes for fair value from January 1, 2011, and, through June 30,
2010, excluding Totals equity share of adjustments related to Sanofi.
12,837
5.63
4,244
31.3%
2,385,267,525
2,281,004,151
4,386,300
0.3
1st
3rd
4th
3,327
3,151
3,558
2,801
1.46
1.38
1.56
1.22
3,335
3,104
3,463
(5,658)
23.5%
27.1%
27.8%
31.3%
2,378,259,685 2,382,870,577 2,384,527,055 2,385,267,525
2,276,773,146 2,281,218,870 2,284,596,468 2,286,737,894
4,386,300
0.3
-
2011
Full Year(2)
Quarters
2nd
1st
Quarters
2nd
3rd
4th
15,948
4,246
4,021
3,957
3,674
7.07
1.89
1.78
1.75
1.62
17,400
5,398
3,923
4,682
3,087
23.4%
19.3%
24.3%
15.2%
23.4%
2,363,767,313 2,351,139,024 2,361,390,509 2,363,752,941 2,363,767,313
2,256,951,403 2,251,135,143 2,255,537,890 2,260,966,547 2,263,503,634
-
(1) Adjusted results (adjusted operating income, adjusted net operating income and adjusted net income) are defined as income using replacement cost, adjusted for special
items,excluding the impact of changes for fair value from January 1, 2011, and, through June 30, 2010, excluding Totals equity share of adjustments related to Sanofi.
(2) Quarterly data for 2012, 2011 and 2010 have not been restated following the application of revised accounting standard IAS 19 effective January 1, 2013. Therefore, in the absence of
such information, the sum of the quarters for these three years is not equal to the full year restated of IAS 19.
Quarters
2013
Full Year
1st
2nd
3rd
4th
Market environment
Average euro-dollar (/$)
Brent price ($/b)
Average refining margins ($/t) - ERMI(1)
1.33
99.0
18.7
1.37
108.2
6.6
1.37
109.7
10.9
1.33
101.9
29.9
1.25
76.6
27.6
Price realizations(2)
TOTAL average liquids price ($/b)(3)
TOTAL average gas price ($/MBtu)
89.4
6.57
102.1
7.06
103.0
6.52
94.0
6.40
61.7
6.29
Full Year
Quarters
1st
2nd
3rd
4th
1.33
108.7
17.9
1.32
112.6
26.9
1.31
102.4
24.1
1.32
110.3
10.6
1.36
109.2
10.1
103.3
7.12
106.7
7.31
96.6
6.62
107.2
7.18
102.5
7.36
(1) Totals European Refining Margin Indicator (ERMI); published quarterly by the Group.
(2) Consolidated subsidiaries excluding fixed margin and buy-back contracts. Beginning with the first quarter of 2012, includes hydrocarbon production overlifting/underlifting position
valued at market price.
(3) Crude oil and natural gas liquids.
CORPORATE
TOTAL
FACTBOOK 2014
2013
Full Year(1)
Quarters(1)
2nd
st
27,618
23,700
1,766
2,152
15,861
12,450
1,857
1,554
7,503
6,549
438
516
4,026
3,257
437
332
2013
Full Year
6,708
5,621
520
567
4,005
3,041
518
446
Quarters
2nd
1st
11
3rd
4th
6,874
5,943
387
544
3,995
3,087
461
447
6,533
5,587
421
525
3,835
3,065
441
329
3rd
2012
Full Year(2)
4th
Quarters
2nd
1st
3rd
4th
14,292
3,698
3,581
3,628
3,385
15,772
4,037
3,576
4,206
3,943
6.29
1.63
1.57
1.59
1.49
6.96
1.78
1.58
1.85
1.74
11,228
1,948
3,364
3,682
2,234
13,648
4,808
1,945
3,853
3,036
23.3%
25.9%
27.6%
23.0%
23.3%
21.9%
22.6%
21.9%
21.2%
21.9%
2,377,678,160 2,365,933,626 2,376,735,991 2,377,196,179 2,377,678,160 2,365,933,146 2,364,545,977 2,364,546,966 2,365,919,246 2,365,933,146
2,271,543,658 2,269,007,119 2,274,457,002 2,274,700,388 2,275,542,264 2,266,635,745 2,264,743,824 2,264,091,516 2,268,296,670 2,270,173,079
4,414,200
4,414,200
1,800,000
1,800,000
0.2
0.2
0.1
0.1
2010
Full Year(2)
Quarters
2nd
1st
3rd
4th
13,674
3,175
3,763
3,195
3,472
6.09
1.42
1.68
1.42
1.54
14,740
3,614
3,941
3,650
2,757
22.5%
21.5%
22.7%
18.2%
22.5%
2,349,640,931 2,348,587,570 2,348,729,461 2,348,830,901 2,349,640,931
2,244,494,576 2,242,655,630 2,242,498,492 2,244,895,039 2,247,929,142
-
2012
Full Year
Quarters
1st
2nd
2011
3rd
4th
Full Year
Quarters
1st
2nd
2010
3rd
4th
Full Year
Quarters
1st
2nd
3rd
4th
1.28
1.31
1.28
1.25
1.30
1.39
1.37
1.44
1.41
1.35
1.33
1.38
1.27
1.29
1.36
111.7
118.6
108.3
109.5
110.1
111.3
105.4
117.0
113.4
109.3
79.5
76.4
78.2
76.9
86.5
36.0
20.9
38.2
51.0
33.9
17.4
24.6
16.3
13.4
15.1
27.4
29.5
31.2
16.4
32.3
107.7
6.74
115.2
7.16
101.6
7.10
107.6
6.00
106.4
6.94
105.0
6.53
99.5
6.19
110.6
6.60
106.8
6.56
104.3
6.79
76.3
5.15
74.2
5.06
74.8
4.82
72.8
5.13
83.7
5.62
12
TOTAL
FACTBOOK 2014
CORPORATE
2013
2012
2011
2010
236,122
(24,104)
212,018
251,725
(23,756)
227,969
257,037
(22,821)
234,216
257,084
(25,254)
231,830
211,146
(24,914)
186,232
(152,975)
(28,349)
(1,964)
(160,849)
(28,764)
(2,169)
(162,908)
(29,273)
(1,857)
(158,533)
(27,549)
(1,418)
(123,518)
(25,311)
(1,145)
(19,656)
2,577
(954)
(11,994)
2,290
(2,800)
(12,237)
1,897
(1,178)
(10,448)
2,975
(1,738)
(11,164)
2,542
(1,193)
(748)
108
(640)
(889)
85
(804)
(863)
128
(735)
(992)
380
(612)
(616)
174
(442)
821
(676)
696
(702)
717
(641)
848
(597)
586
(540)
2,662
3,415
2,582
2,680
2,589
(8,614)
(14,767)
(16,747)
(19,614)
(13,583)
4,250
4,244
6
11,521
11,228
293
13,836
13,648
188
17,824
17,400
424
15,053
14,740
313
1.87
4.96
6.05
7.74
6.60
1.86
4.94
6.02
7.71
6.57
12,837
5.63
14,292
6.29
15,772
6.96
15,948
7.07
13,674
6.09
Sales
Excise taxes
Revenues from sales
Purchases, net of inventory variation
Other operating expenses
Exploration costs
Depreciation, depletion, and amortization
of tangible assets and mineral interests
Other income
Other expense
2014
TOTAL
FACTBOOK 2014
CORPORATE
13
SALES
(in million dollars)
By business segment excluding inter-segment sales
Upstream
Refining & Chemicals
Marketing & Services
Corporate
Total
By business segment including inter-segment sales
Upstream
Refining & Chemicals
Marketing & Services
Corporate
Inter-segment sales
Total
By geographic area excluding inter-segment sales
France
Rest of Europe
North America
Africa
Rest of world
Total
2014
23,484
106,124
106,509
5
236,122
52,667
151,074
108,124
241
(75,984)
236,122
51,471
114,747
23,766
23,281
22,857
236,122
2013
2012
2011
2010
26,367
114,483
110,873
2
28,449
117,067
111,281
240
30,916
107,384
118,769
15
24,561
86,378
100,198
9
251,725
64,017
166,758
113,032
179
(92,261)
251,725
57,650
128,661
22,332
23,146
19,936
251,725
257,037
68,947
174,201
112,251
496
(98,858)
257,037
59,077
133,439
22,675
23,025
18,821
257,037
257,084
68,918
169,016
119,890
271
(101,011)
257,084
59,333
113,379
22,156
20,986
41,230
257,084
211,146
54,442
132,144
101,196
256
(76,792)
211,146
48,813
96,295
16,481
16,652
32,905
211,146
2014
2013
(15,938)
(2,901)
(781)
(36)
(19,656)
(9,484)
(1,736)
(733)
(41)
(11,994)
2012
(9,555)
(1,856)
(780)
(46)
(12,237)
2011
2010
(7,014)
(2,695)
(690)
(49)
(7,086)
(3,355)
(671)
(52)
(10,448)
(11,164)
2014
2,509
315
(162)
2,662
2013
2,889
500
26
3,415
2012
2,385
312
(115)
2,582
2011
2010
2,372
411
(104)
1
1,594
563
156
276
2,680
2,589
INCOME TAXES
(in million dollars)
Current income taxes
Deferred income taxes
Income taxes
2014
(10,904)
2,290
(8,614)
2013
2012
2011
(13,607)
(1,160)
(14,767)
(15,970)
(777)
(16,747)
(17,392)
(2,222)
(19,614)
14
TOTAL
FACTBOOK 2014
CORPORATE
Upstream
Corporate
Total
31
(6,529)
(164)
(2,944)
(1,450)
(36)
(525)
(26)
(3,469)
31
(7,979)
(226)
(6,662)
(4,430)
(551)
(11,643)
(74)
(855)
(113)
(1,042)
(12)
(1,538)
(752)
(2,302)
(978)
(373)
(184)
(54)
(1,589)
(230)
(3)
(266)
(24)
(523)
62
(104)
1,292
(983)
(104)
(42)
205
(269)
(269)
1,014
(1,608)
50
(544)
(87)
(3)
(4)
(44)
(138)
(71)
(87)
(223)
(381)
399
(23)
376
302
(21)
281
(115)
(115)
(1,065)
(74)
(376)
(1,043)
(211)
(2,769)
(301)
(12)
(3)
(1,891)
(1,114)
(3,321)
1,691
62
(1,087)
(127)
539
1,316
(1,877)
29
(532)
TOTAL
FACTBOOK 2014
CORPORATE
15
Upstream
Corporate
Total
25
(5,514)
1,314
(193)
(2,114)
(13)
(1,409)
(105)
(58)
(339)
(7)
(140)
(40)
(2,453)
25
(20)
(7,063)
1,209
(291)
(4,368)
(3,699)
(526)
(8,593)
(58)
(581)
(58)
(113)
(810)
(9)
(985)
326
(491)
(1,159)
(656)
(537)
(183)
(59)
(676)
(2,111)
(149)
(31)
(247)
(57)
(484)
45
(104)
1,213
(248)
931
(100)
(663)
700
(157)
906
711
(72)
(30)
(9)
47
(79)
(64)
(79)
(52)
(68)
(155)
(140)
(39)
438
(465)
(415)
229
(70)
(644)
391
(85)
(179)
(66)
(728)
(58)
(567)
(773)
(117)
(821)
(3,064)
(201)
(9)
(99)
(1,426)
764
(1,153)
(2,124)
103
(89)
1,160
45
(170)
(1,411)
2,407
(579)
14
1,452
(382)
781
(50)
774
(70)
(1,115)
31
(146)
217
(126)
180
(8)
1,085
(105)
991
(70)
(1,623)
2,077
(309)
349
(526)
263
980
1,066
16
TOTAL
FACTBOOK 2014
CORPORATE
2014
2013
2012
2011
2010
18,395
104,480
20,417
1,666
1,418
3,838
4,406
16,965
91,477
18,153
1,571
2,145
2,982
3,513
16,062
83,400
16,814
4,755
2,557
2,653
3,179
11,915
73,443
15,388
6,133
2,499
2,085
2,404
ASSETS
Non-current assets
Intangible assets, net
Property, plant and equipment, net
Equity affiliates: investments and loans
Other investments
Hedging instruments of non-current financial debt
Deferred income taxes
Other non-current assets
Total non-current assets
Current assets
Inventories, net
Accounts receivable, net
Other current assets
Current financial instruments
Cash and cash equivalents
Assets classified as held for sale
Total current assets
Total assets
14,682
106,876
19,274
1,399
1,319
4,079
4,192
151,821
154,620
136,806
129,420
23,447
25,941
13,932
906
18,147
-
113,867
15,196
15,704
15,702
1,293
25,181
4,901(1)
22,097
23,422
14,892
739
20,200
3,253(3)
22,954
25,339
13,307
2,061
20,409
5,010(5)
20,845
24,264
9,998
1,610
19,360
1,697(7)
77,977
84,603
89,080
82,373
77,774
229,798
239,223
225,886
211,793
191,641
7,518
94,646
(7,480)
(4,354)
90,330
3,201
93,531
14,810
4,758
17,545
45,481
82,594
24,150
16,641
10,942
180
1,760(2)
7,493
98,254
(1,203)
(4,303)
100,241
3,138
103,379
17,850
4,235
17,517
34,574
74,176
30,282
18,948
11,193
381
864(4)
7,454
92,485
(1,696)
(4,274)
93,969
1,689
95,658
16,006
4,939
15,285
29,392
65,622
28,563
19,316
14,535
232
1,960(6)
7,447
86,461
(2,884)
(4,357)
86,667
1,749
88,416
15,340
4,380
14,114
29,186
63,020
28,577
19,045
12,519
216
-
7,398
78,165
(1,291)
(4,524)
79,748
1,144
80,892
12,861
3,985
12,157
27,770
56,773
24,653
15,950
12,898
212
263(8)
53,673
61,668
64,606
60,357
53,976
229,798
239,223
225,886
211,793
191,641
(1) $2,401 million of OML 138 in Nigeria has been classified as Assets classified as held for sale. $1,664 million of Bostik has been classified as Assets classified as held for sale. $469
million of TCSA has been classified as "Assets held for sale". $367 million of Totalgaz has been classified as Assets held for sale.
(2) $831 million of OML 138 in Nigeria has been classified as Liabilities directly associated with the assets classified as held for sale. $606 million of Bostik has been classified as
Liabilities directly associated with the assets classified as held for sale. $58 million of TCSA has been classified as Liabilities directly associated with the assets classified as held for
sale. $265 million of Totalgaz has been classified as Liabilities directly associated with the assets classified as held for sale.
(3) $2,527 million of OML 138 in Nigeria has been classified as Assets classified as held for sale. $726 million of Block 15/06 in Angola has been classified as Assets classified as held for sale.
(4) $814 million of OML 138 in Nigeria has been classified as Liabilities directly associated with the assets classified as held for sale. $50 million of Block 15/06 in Angola has been
classified as Liabilities directly associated with the assets classified as held for sale.
(5) $2,181 million of OML 138 in Nigeria has been classified as Assets classified as held for sale. $1,887 million of Transport et Infrastructures Gaz France (TIGF) including $1,643 million
tangible assets has been classified as Assets classified as held for sale. $614 million of Tempa Rossa has been classified as Assets classified as held for sale. $329 million of
Upstream Trinidad & Tobago have been classified as Assets classified as held for sale.
(6) $662 million of OML 138 in Nigeria has been classified as Liabilities directly associated with the assets classified as held for sale. $1,167 million of Transport et Infrastructures Gaz
France (TIGF) including $1,046 non current financial debt has been classified as Liabilities directly associated with the assets classified as held for sale. $131 million of Upstream
Trinidad & Tobago have been classified as Liabilities directly associated with the assets classified as held for sale.
(7) $245 million of the affiliate Total E&P Cameroon have been classified as Assets classified as held for sale. $831 million of the Joslyn mining project covered by the agreements has
been classified as Assets classified as held for sale. $621 million of the photocure and coatings resins businesses have been classified as Assets classified as held for sale.
(8) $183 million of the affiliate Total E&P Cameroon have been classified as Liabilities directly associated with the assets classified as held for sale. $11 million of the Joslyn mining project
covered by the agreements has been classified as Liabilities directly associated with the assets classified as held for sale. $69 million of the photocure and coatings resins businesses
have been classified as Liabilities directly associated with the assets classified as held for sale.
TOTAL
FACTBOOK 2014
CORPORATE
17
2014
2013
2012
2011
2010
92,262
13,011
87,548
16,119
75,386
14,742
67,930
13,909
57,406
10,153
8,798
714
10,991
1,416
10,840
1,327
10,515
1,178
11,304
1,156
5,580
863
5,676
765
5,034
814
4,735
878
4,499
502
236
94
265
95
217
82
220
97
234
104
121,558
122,875
108,442
Corporate
Tangibles
Intangibles
Total
99,642
85,358
(1)
2014
52,968
2,153
37,124
92,245
2013
51,089
1,432
34,612
87,133
2012
2011
2010
39,668
302
34,928
38,342
270
27,398
35,544
462
19,609
74,898
66,010
55,615
1,070
1,264
1,250
1,227
1,217
6,092
2,850
2,043
2,576
8,312
3,180
1,853
2,738
7,972
3,057
1,920
2,380
9,690
2,730
1,589
2,154
9,114
3,035
2,488
1,974
14,631
17,347
16,579
17,390
17,828
106,876
104,480
91,477
83,400
73,443
(1) As of December 31, 2014, accumulated depreciation, depletion and amortization amounted to 125,099 M$.
2014
2013
126,904
13,987
9,129
482
125,218
17,376
9,468
1,140
150,502
153,202
2012
2011
109,004
16,332
8,473
852
98,692
15,752
8,114
4,305
134,661
126,863
18
CORPORATE
TOTAL
FACTBOOK 2014
2014
4,793
4,547
4,451
4,765
25,606
11%
10%
10%
11%
58%
44,162
100%
2014
41,369
2,428
365
94%
5%
1%
44,162
100%
2014
2013
4,647
4,528
4,159
4,361
15,461(5)
33,156
2012
2011
2010
5,056
14%
4,572
14%
2,804
12%
4,124
13% 10,691(4)
47%
-
19%
17%
10%
15%
39%
-
5,812
4,697
4,676
1,965
9,479(3)
-
22%
18%
17%
7%
36%
-
4,483
4,735
2,964
4,548
8,541(2)
-
18%
19%
11%
18%
34%
-
100%
27,247
100%
26,629
100%
25,271
100%
2013
2012
2011
2010
27,908
4,885
363
84%
15%
1%
18,060
7,445
1,742
66%
27%
7%
11,185
12,398
3,046
42%
47%
11%
9,685
15,255
331
39%
60%
1%
33,156
100%
27,247
100%
26,629
100%
25,271
100%
2013
2012
2011
2010
6,771
26,385
20%
80%
6,710
20,537
25%
75%
6,280
20,349
24%
76%
4,245
21,026
17%
83%
(1)
6,944
37,218
16%
84%
44,162
100%
33,156
These analyses are presented after the impact of interest rate and currency swaps.
2016 and after.
2017 and after.
2018 and after.
2019 and after.
100%
27,247
100%
26,629
100%
25,271
100%
CORPORATE
TOTAL
FACTBOOK 2014
19
Number
As of January 1, 2012
Number
86,461
2,165,833
-
7
-
(6,728)
13,648
(987)
34
(171)
188
20
20
2,365,933,146
7,454
92,485
11,745,014
-
39
-
(7,116)
11,228
473
446
(209)
189
749
9
2,377,678,160
7,493
98,254
7,589,365
-
25
-
(7,378)
4,244
(907)
395
(232)
114
148
8
(6,275)
(2)
-
2,385,267,525
7,518
94,646
(7,480) (109,361,413)
Dividend
Net income 2014
Other comprehensive income
Issuance of common shares
Purchase of treasury shares
Sales of treasury shares(1)
Share-based payments
Share cancellation
Translation adjustments
Other operations with minority interests
Other items
As of December 31, 2014
Treasury shares
7,447
Dividend
Net income 2013
Other comprehensive income
Issuance of common shares
Purchase of treasury shares
Sales of treasury shares(1)
Share-based payments
Share cancellation
Translation adjustments
Other operations with minority interests
Other items
As of December 31, 2013
Cumulative
translation
adjustments
2,363,767,313
Dividend
Net income 2012
Other comprehensive income
Issuance of common shares
Purchase of treasury shares
Sales of treasury shares(1)
Share-based payments
Share cancellation
Translation adjustments
Other operations with minority interests
Other items
As of December 31, 2012
Amount
Paid-in
surplus and
retained
earnings
(2,884) (109,554,173)
1,187
1
-
(1,800,000)
2,962,534
-
(1,696) (108,391,639)
492
1
-
(4,414,200)
3,591,391
-
(1,203) (109,214,448)
(4,386,300)
4,239,335
-
Shareholders
equity
Amount
(4,357)
(88)
171
(4,274)
(238)
209
(4,303)
(283)
232
(4,354)
86,667
(6,728)
13,648
200
41
(88)
188
21
20
93,969
(7,116)
11,228
965
485
(238)
189
750
9
100,241
(7,378)
4,244
(7,182)
420
(283)
114
146
8
90,330
20
TOTAL
FACTBOOK 2014
CORPORATE
NET-DEBT-TO-EQUITY RATIO
As of December 31,
(in million dollars, except percent)
2014
2013
2012
2011
28,754
91,845
23,612
101,471
20,541
93,901
20,311
86,748
31.3%
23.3%
21.9%
23.4%
2014
Upstream
Refining & Chemicals
Marketing & Services
Corporate
100,497
13,451
8,825
(2,247)
Total
120,526
2013
2012
2011
95,529
19,752
10,051
(2,881)
84,260
20,783
9,232
(3,195)
73,635
20,017
8,882
990
122,451
111,080
103,524
CAPITAL EMPLOYED
As of December 31,
(in million dollars)
Non-current assets
Assets and liabilities classified as held for sale
Working capital
Long-term liabilities
Capital employed
2014
150,502
3,085
5,811
(37,113)
122,285
2013
2012
2011
2010
153,202
2,210
11,181
(39,602)
134,661
4,047
13,721
(36,230)
126,863
15,698
(33,834)
111,368
1,434
14,504
(29,003)
126,991
116,199
108,727
98,303
CORPORATE
TOTAL
FACTBOOK 2014
21
2014
2013
2012
10,504
98,013
12,450
89,895
14,316
78,948
10.7%
13.8%
18.1%
2,489
16,602
1,857
20,268
1,768
20,400
15.0%
9.2%
8.7%
1,554
9,642
1,069
9,057
1,254
9,438
ROACE
13.3%
Corporate
Adjusted net operating income
Average capital employed(1)
Group
Adjusted net operating income
Average capital employed(1)
ROACE
16.1%
(717)
(2,564)
(631)
(3,038)
(543)
(1,103)
13,530
121,489
15,230
116,766
16,610
107,302
11.1%
13.0%
15.5%
(1) At replacement cost (excluding after-tax inventory effect). Average Capital Employed = (Capital Employed beginning of the year + Capital Employed end of the year)/2.
15
14
16
13
11
13
11
13 14
13 14
13 14
13 14
Upstream
Refining
& Chemicals
Marketing
& Services
Group
11.8%
22
TOTAL
FACTBOOK 2014
CORPORATE
2014
4,250
20,859
(1,980)
(1,979)
29
4,480
(51)
2013
2012
2011
2010
11,521
13,358
1,567
(80)
(775)
2,525
397
13,836
13,466
1,889
(465)
(1,715)
272
1,392
183
17,824
12,010
2,272
(2,479)
(149)
(2,421)
136
15,053
12,087
664
(80)
(2,078)
(623)
(658)
151
25,608
28,513
28,858
27,193
24,516
(26,320)
(471)
(949)
(2,769)
(29,748)
(21)
(1,756)
(2,906)
(25,574)
(245)
(1,152)
(2,504)
(24,986)
(1,189)
(6,299)
(1,687)
(18,311)
(1,143)
(867)
(1,253)
(30,509)
3,442
136
1,072
1,540
(34,431)
1,766
2,654
330
1,649
(29,475)
1,822
452
3,618
1,651
(34,161)
2,003
800
7,922
1,215
(21,574)
2,034
411
2,132
1,145
6,190
6,399
7,543
11,940
5,722
(24,319)
(28,032)
(21,932)
(22,221)
(15,852)
420
(289)
485
(238)
41
(88)
670
-
54
65
(7,308)
(154)
179
15,786
(2,374)
(351)
(7,128)
(156)
2,153
11,102
(9,037)
1,298
(6,660)
(133)
6,780
(3,540)
(1,217)
(7,155)
(239)
(798)
5,664
(5,387)
1,247
(6,759)
(202)
(569)
5,023
(969)
(1,083)
5,909
(1,521)
(4,817)
(5,998)
(4,440)
7,198
(1,040)
2,109
(1,026)
4,224
(2,217)
20,200
25,181
831
20,409
20,200
153
18,147
20,409
(187)
19,360
18,147
(1,664)
16,800
19,360
CORPORATE
TOTAL
FACTBOOK 2014
23
16,666
6,302
2,721
(81)
Total
25,608
2013
2012
2011
2010
21,857
4,260
2,557
(161)
24,354
2,726
1,456
322
23,724
2,987
753
(271)
20,704
1,625
1,465
722
28,513
28,858
27,193
24,516
30 B$
24
CORPORATE
TOTAL
FACTBOOK 2014
26,520
2,022
1,818
149
Total
30,509
By geographic area
France
Rest of Europe
North America
Africa
Rest of world
1,266
5,880
3,658
9,798
9,907
Total
30,509
2013
2012
2011
2010
29,750
2,708
1,814
159
25,200
2,502
1,671
102
28,761
2,659
2,553
188
17,299
2,816
1,351
108
34,431
1,772
6,289
4,157
10,705
11,508
34,431
29,475
2,041
5,660
4,045
9,346
8,383
29,475
34,161
2,130
5,292
7,301
7,328
12,110
34,161
21,574
1,408
3,485
4,807
6,436
5,438
21,574
5,764
192
163
71
Total
6,190
2013
2012
2011
2010
5,786
365
186
62
3,595
392
196
3,360
3,607
3,492
2,721
2,120
2,740
1,012
110
1,860
6,399
Upstream
86.9%
11,940
5,722
7,543
France
4.1%
Rest of Europe
19.3%
Africa
32.1%
North America
12.0%
CORPORATE
TOTAL
FACTBOOK 2014
25
SHARE PERFORMANCE
Total share price in Paris (2011-2014)
(in euros)
(in dollars)
140
160
130
120
140
120
110
100
90
80
70
60
TOTAL
100
80
60
40
2011
2012
2013
2014
TOTAL
CAC 40
2011
2012
2013
2014
Dow Jones
Eurostoxx 50
Source: Bloomberg.
Source: Bloomberg.
Individual
shareholders
8.2%
Group
employees(1)
4.8%
UK
12.0%
Rest of world
9.2%
Institutional
shareholders
87.0%
Rest of Europe
20.1%
North America
30.8%
(1) Based on the definition of employees shareholding persuant to Article L. 225-102 of the French Commercial Code.
DIVIDEND POLICY
Dividend per share (in euros)
2.28
2.28
2.34
2.38
2010
2011
2012
2013
2014
(2) The 2014 dividend is subject to approval at the May 29, 2015 Annual Shareholders meeting.
2010
50
45
43
2011
2012
2013
2014
26
TOTAL
FACTBOOK 2014
CORPORATE
SHARE INFORMATION
2014
Shares outstanding (as of December 31)
Weighted-average number of fully-diluted shares(1)
Shares on a fully-diluted basis (as of December 31)(1)
Treasury Shares
2013
2012
2011
2010
54.71
38.25
42.52
45.67
35.18
44.53
42.97
33.42
39.01
44.55
29.40
39.50
46.74
35.66
39.65
74.22
48.43
51.20
62.45
45.93
61.27
57.06
41.75
52.01
64.44
40.00
51.11
67.52
43.07
53.48
101.4
122.1
105.9
145.7
92.3
123.1
93.4
120.8
93.2
125.7
5,519,597
1,277,433
4,439,725
1,371,780
5,622,504
3,291,705
6,565,732
4,245,743
6,808,245
3,329,778
5.63
2.44(3)
3.00(3)(4)
58%
10.1
5.74%
6.29
2.38
3.24
50%
9.4
5.34%
6.96
2.34
3.05
43%
7.2
6.00%
7.07
2.28
2.97
45%
7.8
5.77%
6.09
2.28
3.15
50%
8.6
5.75%
(1) Excluding shares owned by the Group and cancelled in the consolidated balance sheet under French GAAP.
(2) Adjusted results are defined as income using replacement cost, adjusted for special items, excluding the impact of changes for fair value from January 1, 2011, and, through June 30, 2010,
excluding Totals equity share of adjustments related to Sanofi.
(3) Pending approval at the May 29, 2015 AGM. This amount includes the first three quarterly interim dividends of 0.61 per share paid on September 26, 2014, December 17, 2014 and
on March 25, 2015, and the final dividend of 0.61 per share payable on July 1, 2015.
(4) Estimated dividend in dollars includes the first quarterly interim ADR dividend of $0.77 paid in October 2014 and the second quarterly interim ADR dividend of $0.75 paid in January 2015,
as well as the third quarterly interim ADR dividend of $0.74 payable in April 2015 and the proposed final ADR dividend of $0.74 payable in July 2015, both converted at a rate of $1.21/.
(5) Dividend ()/adjusted earnings per share.
(6) Share price at year-end/adjusted earnings per share.
(7) Dividend ()/share price at year-end.
CORPORATE
TOTAL
FACTBOOK 2014
27
PAYROLL (1)
For the year ended December 31,
(in million dollars)
2014
9,690
2013
2012
2011
2010
9,424
9,167
9,158
8,280
2013
2012
2011
2010
33.6%
23.4%
43.0%
36.0%
23.5%
40.5%
36.5%
23.4%
40.1%
37.9%
26.8%
35.3%
NUMBER OF EMPLOYEES
As of December 31,
Number of employees by region
France
Rest of Europe
Rest of world
2014
(1)
32.5%
23.9%
43.6%
Total
100,307
As of December 31,
Number of employees by business segment
Upstream
Refining & Chemicals
Marketing & Services
Corporate
2014
98,799
97,126
96,104
92,855
2013
2012
2011
2010
18.2%
52.1%
28.2%
1.5%
18.6%
53.1%
26.8%
1.5%
18.4%
52.4%
27.8%
1.5%
18.2%
54.4%
25.9%
1.5%
(1)
Total
18.3%
51.5%
28.6%
1.6%
100,307
98,799
97,126
96,104
92,855
16,157
1,111
49,967
567
20,682
7,425
1,551
(1) Employees present: employees present are employees on the payroll of the consolidated scope, less employees who are not present, i.e., persons who are under suspended contract
(sabbatical, business development leave, etc.), absent on long-term sick leave (more than six months), assigned to a company outside the Group, etc.
28
TOTAL
FACTBOOK 2014
CORPORATE
UPSTREAM
2.15
MBOE/D
PRODUCED
17,268
EMPLOYEES
10.5
B$
ADJUSTED NET
OPERATING INCOME
11.5
BBOE
OF PROVED RESERVES AS
OF DECEMBER 31, 2014
>13
YEARS OF PROVED
RESERVE LIFE
23 B$
INVESTED
(ORGANIC)
12.2 MT
OF LNG SALES
(GROUP SHARE,
EXCLUDING TRADING)
START UP OF CLOV
IN JUNE 2014
ENTERED NEW ADCO
CONCESSION
10%
INTEREST FOR
40 YEAR DURATION
IN JANUARY 2015
29
3830
2015 OUTLOOK
THE
UPSTREAM
SEGMENT
INCLUDES...
PRODUCTION
> 8% GROWTH
8 PROJECT START-UPS INCLUDING
3 ALREADY IN PRODUCTION
20
B$
(23 B$ IN 2014)
0.8 B$
1.9
B$
(2.8 B$ IN 2014)
TOTAL
FACTBOOK 2014
UPSTREAM
31
17,156
10,504
26,520
5,764
16,666
2013
2012
2011
2010
23,700
12,450
29,750
5,786
21,857
28,333
14,316
25,200
3,595
24,354
31,525
14,798
28,761
3,607
23,724
23,457
11,440
17,299
2,740
20,704
2013
2012
2011
2010
1,167
6,184
1,220
5,880
1,226
6,098
1,340
5,648
PRODUCTION
2014
Liquids (Kb/d)(1)
Gas (Mcf/d)
1,034
6,063
Total (Kboe/d)
2,146
2,299
2,300
2,346
2,378
Liquids (Mb)
Gas (Bcf)
5,303
33,590
Total (Mboe)
11,523
2013
2012
2011
2010
5,413
33,026
5,686
30,877
5,784
30,717
5,987
25,788
11,526
(1) Proved reserves are calculated in accordance with the United States Securities and Exchange Commission regulations.
(2) Including bitumen.
Africa
2,571 Mboe
Middle East
1,601 Mboe
Asia-CIS
3,791 Mboe
Americas
2,124 Mboe
11,368
11,423
10,695
32
UPSTREAM
TOTAL
FACTBOOK 2014
(three-year average)
2011-2013
2010-2012
2009-2011
2008-2010
5.5
25.6
104
107
7.9
21.9
133
89
8.1
18.1
136
79
6.6
16.1
138
80
3.6
15.4
110
96
(in years)
2014
2013
2012
2011
2010
14.7
13.7
13.5
13.3
12.3
(1)
Reserve life
(1)
(2)
(3)
(4)
(5)
(6)
(6)
2011-2013
2010-2012
2009-2011
2008-2010
Finding costs
Reserve replacement costs(2)
10.3
49.1
10.3
35.2
8.0
22.0
6.3
18.5
3.9
15.6
2014
2013
2012
2011
2010
Operating costs
Exploration costs
DD&A
9.9
3.4
15.0
8.9
3.7
13.5
7.9
3.0
11.9
7.0
2.2
9.7
6.1
1.6
8.9
Technical costs(3)
28.3
26.1
22.8
18.9
16.6
(1)
Americas
247 kboe/d
Middle East
391 kboe/d
Europe
364 kboe/d
TOTAL
FACTBOOK 2014
UPSTREAM
33
2014
2013
2012
2011
2010
657
670
713
659
756
20
200
58
27
257
95
21
186
59
50
261
93
23
179
57
62
279
113
33
135
3
58
20
287
123
41
163
9
67
55
301
120
90
73
69
67
65
12
78
South America
157
Argentina
Bolivia
Colombia
Trinidad & Tobago
Venezuela
75
30
52
Asia Pacific
Australia
Brunei
China
Indonesia
Myanmar
Thailand
Commonwealth of Independent States
238
4
15
12
130
17
60
249
Azerbaijan
Russia
14
235
Europe
364
France
Netherlands
Norway
United Kingdom
Middle East
U.A.E.
Iran
Iraq
Oman
Qatar
Syria
Yemen
Total production
Including share of equity affiliates
Algeria
Angola
Colombia
Venezuela
U.A.E.
Oman
Qatar
Yemen
Russia
2
31
242
89
391
127
12
36
132
84
2,146
571
2
38
118
34
77
75
227
(1) Including fuel gas (426 Mcf/d in 2014, 415 Mcf/d in 2013, 394 Mcf/d in 2012).
(2) The Groups production in Canada consists of bitumen only. All of the Groups bitumen production is in Canada.
13
60
166
78
28
12
48
235
4
13
8
131
16
63
227
20
207
392
9
35
243
105
536
260
7
37
137
95
2,299
687
3
37
253
35
78
84
197
12
57
182
83
27
6
16
50
221
5
12
1
132
16
55
195
16
179
427
13
33
275
106
493
246
6
37
139
65
2,300
611
40
237
34
74
55
171
11
56
188
86
25
11
12
54
231
4
13
158
15
41
119
14
105
512
18
38
287
169
570
240
36
155
53
86
2,346
571
10
4
45
231
34
78
74
95
10
55
179
83
20
18
3
55
248
1
14
178
14
41
23
13
10
580
21
42
310
207
527
222
2
34
164
39
66
2,378
444
20
7
46
212
32
75
52
-
34
TOTAL
FACTBOOK 2014
UPSTREAM
LIQUIDS PRODUCTION
(in thousands of barrels per day)
Africa
Algeria
Angola
Cameroon
Gabon
Libya
Nigeria
The Congo, Republic of
North America
Canada
United States
2014
2013
2012
2011
2010
522
531
574
517
616
5
191
55
27
156
88
5
175
55
50
158
88
6
172
54
62
173
107
16
128
2
55
20
179
117
25
157
9
63
55
192
115
39
28
25
27
30
(1)
12
27
South America
50
Argentina
Bolivia
Colombia
Trinidad & Tobago
Venezuela
9
4
37
Asia Pacific
Brunei
Indonesia
Thailand
Commonwealth of Independent States
30
2
18
10
36
Azerbaijan
Russia
3
33
Europe
165
France
Netherlands
Norway
United Kingdom
Middle East
U.A.E.
Iran
Iraq
Oman
Qatar
Syria
Yemen
Total production
Including share of equity affiliates
Algeria
Colombia
Venezuela
U.A.E.
Oman
Qatar
Russia
1
135
29
192
115
12
24
32
9
1,034
200
37
109
23
7
24
(1) The Groups production in Canada consists of bitumen only. All of the Groups bitumen production is in Canada.
13
15
54
13
4
2
35
30
2
17
11
32
5
27
168
1
1
136
30
324
247
7
24
36
10
1,167
325
35
240
23
8
19
12
13
59
12
3
1
4
39
27
2
16
9
27
4
23
197
2
1
159
35
311
233
6
24
38
10
1,220
308
38
225
23
7
15
11
16
71
14
3
5
4
45
27
2
18
7
22
4
18
245
5
1
172
67
317
226
24
44
11
12
1,226
316
10
4
44
219
22
8
9
10
20
76
14
3
11
3
45
28
2
19
7
13
3
10
269
5
1
183
80
308
207
2
23
49
14
13
1,340
300
19
7
45
199
22
8
-
TOTAL
FACTBOOK 2014
UPSTREAM
35
2014
2013
2012
2011
2010
693
699
705
715
712
79
54
14
511
35
285
285
South America
599
Argentina
Bolivia
Colombia
Trinidad & Tobago
Venezuela
367
139
93
Asia Pacific
Australia
Brunei
China
Indonesia
Myanmar
Thailand
Commonwealth of Independent States
1,178
23
66
63
594
135
297
1,135
Azerbaijan
Russia
59
1,076
Europe
1,089
France
Netherlands
Norway
United Kingdom
Middle East
U.A.E.
Iraq
Oman
Qatar
Syria
Yemen
Total production
Including share of equity affiliates
Algeria
Angola
Venezuela
U.A.E.
Oman
Qatar
Yemen
Russia
(1) Including fuel gas (426 Mcf/d in 2014, 415 Mcf/d in 2013, 394 Mcf/d in 2012).
9
171
576
333
1,084
61
1
61
555
406
6,063
1,988
10
6
51
61
381
404
1,075
82
62
16
511
28
256
256
627
366
129
52
80
1,170
25
59
46
605
129
306
1,046
82
964
1,231
45
195
575
416
1,155
71
1
66
558
459
6,184
1,955
16
7
61
66
385
458
962
90
44
19
521
31
246
246
682
394
124
23
70
71
1,089
29
54
7
605
127
267
909
64
845
1,259
58
184
622
395
990
70
61
560
299
5,880
1,635
7
61
60
364
299
844
94
39
1
17
534
30
227
227
648
397
118
27
47
59
1,160
25
56
757
119
203
525
57
468
1,453
69
214
619
551
1,370
72
62
616
218
402
6,098
1,383
3
7
62
62
382
402
465
87
34
2
20
542
27
199
199
569
381
94
34
2
58
1,237
6
59
855
114
203
56
54
2
1,690
85
234
683
688
1,185
76
55
639
130
285
5,648
781
4
6
66
55
367
283
-
36
TOTAL
FACTBOOK 2014
UPSTREAM
Europe
1,665
92
182
23
(45)
(211)
1,706
117
57
44
(187)
1,737
64
67
32
(38)
(156)
1,706
18
12
(51)
(143)
1,542
31
21
1
(26)
(133)
1,436
Africa
3,466
200
(26)
(269)
3,371
(61)
6
(65)
(237)
3,014
65
173
(71)
(261)
2,920
(97)
20
(243)
2,600
48
111
(21)
(240)
2,498
Americas
1,090
82
18
425
(5)
(70)
1,540
(36)
309
(75)
1,738
7
110
(8)
(77)
1,770
44
135
(51)
(74)
1,824
(11)
151
(76)
1,888
Middle East
544
(10)
96
(56)
574
(68)
(56)
450
(23)
29
(34)
422
11
2
(31)
404
7
3
(32)
382
Asia
(excl.Russia)
1,129
(3)
30
9
(96)
1,069
(16)
588
2
(90)
1,553
9
40
(87)
1,515
48
226
132
(94)
1,827
21
29
(206)
(91)
1,580
Russia
37
4
(8)
(3)
30
(3)
(3)
24
6
3
(3)
30
1
(3)
28
4
(3)
29
Total
7,931
365
326
457
(84)
(705)
8,290
(67)
651
355
(65)
(648)
8,516
128
422
32
(117)
(618)
8,363
24
396
132
(102)
(588)
8,225
100
315
1
(253)
(575)
7,813
26
-
100
98
99
159
146
126
98
99
159
146
TOTAL
FACTBOOK 2014
UPSTREAM
37
Equity affiliates
Europe
Africa
100
14
(7)
107
(1)
(24)
(4)
78
2
80
(3)
(1)
76
(2)
(1)
73
Americas
502
4
(20)
486
(8)
(4)
(18)
456
(39)
(15)
402
(141)
(13)
248
2
(14)
236
Middle East
1,950
(2)
(136)
1,812
(20)
(11)
(152)
1,629
5
(146)
1,488
(3)
14
(164)
1,335
(8)
2
(110)
1,219
Asia
(excl.Russia)
Russia
Total
2,552
16
(163)
2,405
779
(35)
(29)
779
(39)
(209)
744
78
158
118
(63)
1,035
33
622
117
(92)
(73)
1,642
6
516
107
(6)
(83)
2,182
2,907
46
158
118
(224)
3,005
(114)
636
117
(92)
(251)
3,301
(2)
518
107
(6)
(208)
3,710
38
TOTAL
FACTBOOK 2014
UPSTREAM
Africa
Americas
Middle East
Asia
(excl.Russia)
Russia
Total
1,706
1,706
962
962
744
744
-
3,478
3,371
107
1,692
1,666
26
1,786
1,705
81
2,026
1,540
486
638
505
133
1,388
1,035
353
2,386
574
1,812
2,055
427
1,628
331
147
184
1,069
1,069
336
336
733
733
-
30
30
25
10,695
8,290
2,405
5,708
25
-
3,921
1,787
4,987
5
-
4,369
618
1,737
1,737
894
894
843
843
-
3,092
3,014
78
1,660
1,639
21
1,432
1,375
57
2,194
1,738
456
647
524
123
1,547
1,214
333
2,079
450
1,629
1,869
371
1,498
210
79
131
1,553
1,553
302
302
1,251
1,251
-
768
24
744
674
11,423
8,516
2,907
6,046
19
655
3,749
2,297
94
5,377
5
89
4,767
610
TOTAL
FACTBOOK 2014
UPSTREAM
39
Africa
Americas
Middle East
Asia
(excl.Russia)
Russia
Total
1,706
1,706
827
827
879
879
-
3,000
2,920
80
1,584
1,563
21
1,416
1,357
59
2,172
1,770
402
616
475
141
1,556
1,295
261
1,910
422
1,488
1,718
349
1,369
192
73
119
1,515
1,065
11,368
1,515
-
30
1,035
8,363
3,005
290
754
5,789
290
1,225
1,225
-
23
731
311
7
304
3,527
2,262
5,579
4,836
743
1,542
1,542
766
766
776
776
-
2,676
2,600
76
1,469
1,452
17
1,207
1,148
59
2,072
1,824
248
540
452
88
1,532
1,372
160
1,739
404
1,335
1,577
330
1,247
162
74
88
1,827
1,670
11,526
1,827
-
28
1,642
8,225
3,301
539
783
5,674
539
1,288
1,288
-
21
762
887
7
880
3,560
2,114
5,852
4,665
1,187
1,436
1,436
737
737
699
699
-
2,571
2,498
73
1,472
1,455
17
1,099
1,043
56
2,124
1,888
236
535
450
85
1,589
1,438
151
1,601
382
1,219
1,442
316
1,126
159
66
93
1,580
1,580
453
453
1,127
1,127
-
2,211
29
2,182
1,067
18
1,049
1,144
11
1,133
11,523
7,813
3,710
5,706
3,429
2,277
5,817
4,384
1,433
40
TOTAL
FACTBOOK 2014
UPSTREAM
Europe
733
46
146
2
(37)
(98)
792
49
17
42
(88)
812
20
27
7
(32)
(72)
762
19
6
(49)
(60)
678
8
3
(11)
(60)
618
Africa
Americas
2,460
131
(23)
(218)
2,350
(19)
6
(57)
(185)
2,095
61
148
(45)
(210)
2,049
50
19
(194)
1,924
33
101
(20)
(191)
1,847
88
7
2
(2)
(16)
79
9
(15)
73
10
8
(2)
(12)
77
7
20
(6)
(12)
86
3
14
(15)
88
Middle East
188
(2)
82
(29)
239
(33)
(25)
181
2
28
(21)
190
7
2
(20)
179
5
3
(19)
168
Asia
(excl.Russia)
539
(4)
4
(11)
528
(21)
58
(12)
553
3
3
(11)
548
75
20
34
(13)
664
10
2
(32)
(12)
632
Russia
33
4
(7)
(4)
26
(3)
(3)
20
7
3
(3)
27
1
(3)
25
4
(3)
26
Total
4,041
182
234
2
(69)
(376)
4,014
(18)
81
42
(57)
(328)
3,734
103
217
7
(79)
(329)
3,653
158
68
34
(55)
(302)
3,556
63
123
(63)
(300)
3,379
11
-
89
88
87
140
128
100
88
87
140
128
TOTAL
FACTBOOK 2014
UPSTREAM
41
Equity affiliates
Europe
Africa
37
4
(7)
34
2
(22)
(4)
10
5
15
(3)
12
(5)
7
Americas
485
4
(19)
470
(6)
(4)
(17)
443
(40)
(15)
388
(138)
(13)
237
2
(13)
226
Middle East
761
3
(84)
680
(12)
(12)
(91)
565
5
(93)
477
(6)
(99)
372
(3)
3
(51)
321
Asia
(excl.Russia)
Russia
Total
1,283
11
(110)
1,184
51
(3)
(16)
51
(38)
(115)
48
9
51
11
(5)
114
(4)
32
13
(7)
148
(3)
81
9
(1)
(9)
225
1,066
(21)
51
11
(113)
994
(151)
32
13
(119)
769
(9)
84
9
(1)
(73)
779
42
TOTAL
FACTBOOK 2014
UPSTREAM
Africa
Americas
Middle East
Asia
(excl.Russia)
Russia
Total
792
792
394
394
398
398
-
2,384
2,350
34
1,250
1,226
24
1,134
1,124
10
549
79
470
180
53
127
369
26
343
919
239
680
662
151
511
257
88
169
528
528
36
36
492
492
-
26
26
22
5,198
4,014
1,184
2,544
22
-
1,882
662
2,654
4
-
2,132
522
812
812
351
351
461
461
-
2,105
2,095
10
1,206
1,202
4
899
893
6
516
73
443
165
48
117
351
25
326
746
181
565
565
116
449
181
65
116
553
553
33
33
520
520
-
68
20
48
58
17
41
10
3
7
4,800
3,734
1,066
2,378
1,767
611
2,422
1,967
455
TOTAL
FACTBOOK 2014
UPSTREAM
43
Africa
Americas
Middle East
Asia
(excl.Russia)
Russia
Total
762
762
289
289
473
473
-
2,064
2,049
15
1,145
1,139
6
919
910
9
465
77
388
179
44
135
286
33
253
667
190
477
506
133
373
161
57
104
548
141
4,647
548
-
27
114
3,653
994
34
76
2,229
34
514
514
-
21
55
65
6
59
1,660
569
2,418
1,993
425
678
678
274
274
404
404
-
1,936
1,924
12
1,068
1,064
4
868
860
8
323
86
237
128
45
83
195
41
154
551
179
372
419
119
300
132
60
72
664
664
216
216
448
448
-
173
4,325
25
148
3,556
769
88
2,193
19
69
85
6
79
1,737
456
2,132
1,819
313
618
618
263
263
355
355
-
1,854
1,847
7
1,069
1,065
4
785
782
3
314
88
226
136
54
82
178
34
144
489
168
321
377
117
260
112
51
61
632
632
200
200
432
432
-
251
26
225
136
16
120
115
10
105
4,158
3,379
779
2,181
1,715
466
1,977
1,664
313
44
TOTAL
FACTBOOK 2014
UPSTREAM
Europe
Africa
Americas
789
(109)
308
(4)
984
43
15
(4)
1,038
2
53
(5)
1,088
(25)
87
(5)
1,145
Middle East
Asia
(excl.Russia)
Russia
Total
789
(109)
308
(4)
984
43
15
(4)
1,038
2
53
(5)
1,088
(25)
87
(5)
1,145
21
18
15
17
21
18
15
17
963
1,020
1,073
1,128
963
1,020
1073
1,128
TOTAL
FACTBOOK 2014
UPSTREAM
45
Europe
5,047
271
193
111
(43)
(617)
4,962
358
211
11
(528)
5,014
268
216
138
(30)
(462)
5,144
(6)
27
1
(13)
(450)
4,703
129
99
6
(97)
(398)
4,442
Africa
5,246
346
(20)
(258)
5,314
(216)
(46)
(259)
4,793
31
127
(173)
(257)
4,521
(887)
12
(248)
3,398
86
56
(6)
(250)
3,284
Americas
3,597
415
88
(16)
(278)
3,806
367
7
(317)
3,863
(278)
478
(35)
(337)
3,691
199
336
(243)
(320)
3,663
54
296
(320)
3,693
Middle East
2,028
(80)
70
(151)
1,867
(180)
(169)
1,518
(132)
6
(75)
1,317
29
(68)
1,278
7
1
(68)
1,218
Asia
(excl.Russia)
3,447
11
138
51
(471)
3,176
2,824
13
(444)
5,569
15
195
(432)
5,347
(186)
1,074
506
(457)
6,284
69
154
(941)
(451)
5,115
Russia
19
4
(4)
(1)
18
1
(1)
18
(1)
17
(1)
16
(1)
15
Total
19,384
967
489
162
(83)
(1,776)
19,143
330
3,035
31
(46)
(1,718)
20,775
(96)
1,022
138
(238)
(1,564)
20,037
(851)
1,449
507
(256)
(1,544)
19,342
345
606
6
(1,044)
(1,488)
17,767
83
-
67
62
57
87
91
150
62
57
87
91
46
TOTAL
FACTBOOK 2014
UPSTREAM
Europe
Africa
341
50
(1)
390
(16)
(10)
(1)
363
(21)
(1)
341
8
(6)
343
17
(4)
356
Americas
95
(2)
(2)
91
(10)
(2)
79
5
(2)
82
(18)
(2)
62
2
(2)
62
Middle East
6,498
(52)
(282)
6,164
(31)
(331)
5,802
(4)
(287)
5,511
16
77
(354)
5,250
(25)
(328)
4,897
Asia
(excl.Russia)
Russia
3,865
(167)
3,698
366
578
568
(304)
4,906
191
3,209
553
(485)
(345)
8,029
50
2,328
521
(28)
(392)
10,508
Total
6,934
(4)
(285)
6,645
(57)
3,865
(10)
(501)
9,942
346
578
568
(594)
10,840
197
3,286
553
(485)
(707)
13,684
44
2,328
521
(28)
(726)
15,823
TOTAL
FACTBOOK 2014
UPSTREAM
47
Africa
Americas
Middle East
Asia
(excl.Russia)
Russia
Total
4,962
4,962
3,089
3,089
1,873
1,873
-
5,704
5,314
390
2,240
2,229
11
3,464
3,085
379
3,897
3,806
91
2,474
2,439
35
1,423
1,367
56
8,031
1,867
6,164
7,649
1,578
6,071
382
289
93
3,176
3,176
1,775
1,775
1,401
1,401
-
18
18
15
25,788
19,143
6,645
17,242
15
-
11,125
6,117
8,546
3
-
8,018
528
5,014
5,014
2,943
2,943
2,071
2,071
-
5,156
4,793
363
2,308
2,216
92
2,848
2,577
271
3,942
3,863
79
2,600
2,567
33
1,342
1,296
46
7,320
1,518
5,802
7,170
1,450
5,720
150
68
82
5,569
5,569
1,582
1,582
3,987
3,987
-
3,716
18
3,698
3,272
30,717
20,775
9,942
19,875
12
3,260
10,770
9,105
444
10,842
6
438
10,005
837
48
TOTAL
FACTBOOK 2014
UPSTREAM
Africa
Americas
Middle East
Asia
(excl.Russia)
Russia
Total
5,144
5,144
2,927
2,927
2,217
2,217
-
4,862
4,521
341
2,192
2,110
82
2,670
2,411
259
3,773
3,691
82
2,356
2,316
40
1,417
1,375
42
6,828
1,317
5,511
6,656
1,240
5,416
172
77
95
5,347
5,347
1,513
1,513
3,834
3,834
-
4,923
17
4,906
3,602
13
3,589
1,321
4
1,317
30,877
20,037
10,840
19,246
10,119
9,127
11,631
9,918
1,713
4,703
4,703
2,687
2,687
2,016
2,016
-
3,741
3,398
343
2,009
1,937
72
1,732
1,461
271
3,725
3,663
62
2,240
2,210
30
1,485
1,453
32
6,528
1,278
5,250
6,366
1,210
5,156
162
68
94
6,284
6,284
1,821
1,821
4,463
4,463
-
8,045
16
8,029
3,693
13
3,680
4,352
3
4,349
33,026
19,342
13,684
18,816
9,878
8,938
14,210
9,464
4,746
4,442
4,442
2,578
2,578
1,864
1,864
-
3,640
3,284
356
2,019
1,952
67
1,621
1,332
289
3,755
3,693
62
2,167
2,145
22
1,588
1,548
40
6,115
1,218
4,897
5,866
1,144
4,722
249
74
175
5,115
5,115
1,444
1,444
3,671
3,671
-
10,523
33,590
15
10,508
17,767
15,823
4,959
19,033
9
4,950
5,564
6
5,558
9,272
9,761
14,557
8,495
6,062
TOTAL
FACTBOOK 2014
UPSTREAM
49
Africa
Americas
Middle East
Asia
(excl.Russia)
Russia
3,764
7,422
3,499
13,117
832
716
1,376
854
3,368
697
208
Total
2010
Revenues Non-Group sales
Revenues Group sales
Total Revenues
Production costs
Exploration expenses
Depreciation, depletion and amortization
and valuation allowances
Other expenses(1)
Pre-tax income from producing activities
Income tax
Results of oil and gas producing activities
11,186
16,616
1,548
2,230
4,065
208
12,839
23,014
35,853
(1,698)
(353)
(1,574)
(365)
(294)
(286)
(343)
(11)
(340)
(127)
(30)
(4)
(4,279)
(1,146)
(1,861)
(396)
(2,450)
(1,344)
(488)
(289)
(350)
(320)
(1,067)
(77)
(33)
(19)
(6,249)
(2,445)
6,878
10,883
191
1,206
2,454
122
21,734
(4,292)
(6,719)
(110)
(533)
(1,206)
(53)
(12,913)
2,586
4,164
81
673
1,248
69
8,821
310
15,924
28,722
2011
Revenues Non-Group sales
Revenues Group sales
Total Revenues
Production costs
Exploration expenses
Depreciation, depletion and amortization
and valuation allowances
Other expenses(1)
4,337
9,823
14,160
20,257
1,080
1,063
2,143
1,613
1,026
2,639
4,456
681
5,137
310
44,646
(1,720)
(477)
(1,641)
(449)
(347)
(67)
(398)
(15)
(388)
(407)
(35)
(3)
(4,529)
(1,418)
(1,858)
(428)
(2,568)
(1,644)
(490)
(382)
(387)
(384)
(1,039)
(103)
(62)
(29)
(6,404)
(2,970)
4,438
15,819
(7,042)
13,955
857
1,455
3,200
181
29,325
(9,027)
(407)
(647)
(1,720)
(92)
(18,935)
4,928
450
808
1,480
89
10,390
5,638
17,268
1,244
820
929
1,298
265
14,871
29,210
2012
Revenues Non-Group sales
Revenues Group sales
Total Revenues
Production costs
Exploration expenses
Depreciation, depletion and amortization
and valuation allowances
Other expenses(1)
Pre-tax income from producing activities
Income tax
2,552
8,809
11,361
22,906
2,064
2,227
4,508
750
5,258
265
44,081
(1,693)
(620)
(1,853)
(469)
(381)
(436)
(437)
(23)
(469)
(306)
(39)
(3)
(4,872)
(1,857)
(2,551)
(419)
(3,308)
(1,742)
(2,002)
(496)
(588)
(204)
(1,130)
(133)
(75)
(31)
(9,654)
(3,025)
975
3,220
(496)
(1,572)
(53)
479
1,648
64
6,078
(4,469)
15,534
(9,485)
6,049
(1,251)
291
(960)
(1) Included production taxes and accretion expense as provided for by IAS 37 ($432 million in 2010, $470 million in 2011, $502 million in 2012).
117
24,673
(15,784)
8,889
50
TOTAL
FACTBOOK 2014
UPSTREAM
Africa
Americas
Middle East
Asia
(excl.Russia)
Russia
2,170
7,749
4,575
16,072
1,331
808
1,079
901
4,626
742
268
Total
2013
Revenues Non-Group sales
Revenues Group sales
Total Revenues
Production costs
Exploration expenses
Depreciation, depletion and amortization
and valuation allowances
Other expenses(1)
Pre-tax income from producing activities
Income tax
Results of oil and gas producing activities
9,919
20,647
2,139
1,980
5,368
268
13,781
26,540
40,321
(1,762)
(483)
(1,974)
(583)
(415)
(539)
(498)
(165)
(546)
(395)
(39)
(4)
(5,234)
(2,169)
(1,817)
(493)
(3,433)
(1,578)
(1,214)
(434)
(725)
(106)
(1,607)
(149)
(85)
(33)
(8,881)
(2,793)
(463)
486
2,671
(419)
(1,362)
(46)
1,309
61
7,571
236
12,056
22,273
5,364
13,079
(3,621)
(8,281)
56
1,743
4,798
(407)
67
3,561
13,386
1,195
971
804
972
107
21,244
(13,673)
2014
Revenues Non-Group sales
Revenues Group sales
Total Revenues
Production costs
Exploration expenses
Depreciation, depletion and amortization
and valuation allowances
Other expenses(1)
2,073
5,966
8,039
2,166
1,776
5,165
236
34,329
(1,729)
(617)
(2,221)
(631)
(466)
(183)
(503)
(144)
(738)
(381)
(44)
(9)
(5,701)
(1,965)
(1,988)
(419)
(4,750)
(1,375)
(5,717)
(402)
(545)
(114)
(2,058)
(167)
(97)
(29)
(15,155)
(2,506)
470
1,821
57
9,002
(334)
(1,159)
(32)
(8,392)
136
662
25
16,947
4,423
742
(1,683)
7,970
(6,066)
1,904
(4,602)
882
(3,720)
610
(1) Included production taxes and accretion expense as provided for by IAS 37 ($566 million in 2013 and $526 million in 2014).
Equity affiliates
Africa
Americas
Middle East
Asia
(excl.Russia)
Russia
74
17
-
276
152
299
105
811
1,424
1,438
1,867
(1)
61
44
223
1,160
1,654
1,781
2,195
(21)
885
2,094
4,854
1,117
(249)
3,211
5,469
868
8,680
2010
2011
2012
2013
Total
2014
Revenues Non-Group sales
Revenues Group sales
Total Revenues
Production costs
Exploration expenses
Depreciation, depletion and amortization
and valuation allowances
Other expenses
Pre-tax income from producing activities
Income tax
Results of oil and gas producing activities
(21)
885
6,948
(123)
-
(311)
-
(121)
(1)
(555)
(1)
(87)
(537)
(304)
(3,806)
(54)
(142)
(445)
(4,485)
138
2,527
550
3,194
(140)
(1,036)
410
2,158
(21)
(21)
(207)
(69)
(689)
1,838
TOTAL
FACTBOOK 2014
UPSTREAM
51
COST INCURRED
The following tables set forth the costs incurred in the Groups oil and gas property acquisition, exploration and development activities, including
both capitalized and expensed amounts. They do not include costs incurred related to oil and gas transportation and LNG liquefaction and
transportation activities.
Consolidated subsidiaries
Africa
Americas
Middle East
Asia
(excl.Russia)
Russia
215
6
479
2,075
182
165
538
4,117
35
1,572
366
952
184
11
23
327
28
821
329
2,567
3
92
Total
2010
Proved property acquisition
Unproved property acquisition
Exploration costs
Development costs(1)
Total cost incurred
2,775
5,002
2,925
545
3,745
644
2,575
1,738
10,130
95
15,087
3
131
1,355
2,933
2,197
14,911
2011
Proved property acquisition
Unproved property acquisition
Exploration costs
Development costs(1)
Total cost incurred
415
1
703
3,274
4,393
13
553
535
5,422
6,523
574
2,355
354
1,828
5,111
3
4
24
457
488
350
20
578
3,799
4,747
134
21,396
2012
Proved property acquisition
Unproved property acquisition
Exploration costs
Development costs(1)
Total cost incurred
259
52
768
4,090
5,169
35
1,749
742
5,563
8,089
494
734
2,351
3,579
226
45
394
665
16
33
434
4,172
3
107
4,655
110
310
2,554
2,726
16,677
22,267
2013
Proved property acquisition
Unproved property acquisition
Exploration costs
Development costs(1)
Total cost incurred
17
679
5,239
5,935
175
512
889
8,545
10,121
2,105
585
3,191
5,881
3
85
231
464
783
487
85
538
5,447
4
147
6,557
151
665
2,804
2,926
23,033
29,428
2014
Proved property acquisition
Unproved property acquisition
Exploration costs
Development costs(1)
Total cost incurred
57
17
466
4,495
5,035
17
69
1,057
8,126
9,269
544
375
3,468
4,387
(1)
7
228
478
712
32
66
485
4,308
9
116
4,891
125
2010
2011
2012
2013
24,419
Equity affiliates
105
703
2,620
20,991
Europe
Africa
Americas
Middle East
Asia
(excl.Russia)
Russia
Total
32
3
-
171
150
214
170
636
438
488
458
97
6,606
537
734
936
7,197
1,239
1,362
195
500
246
32
692
246
32
1,387
2014
Proved property acquisition
Unproved property acquisition
Exploration costs
Development costs(1)
Total cost incurred
195
500
(1) Including asset retirement costs capitalized during the year and any gains or losses recognized upon settlement of asset retirement obligation during the year.
970
1,665
52
TOTAL
FACTBOOK 2014
UPSTREAM
Africa
Americas
Middle East
Asia
(excl.Russia)
Russia
Total
42,404
537
42,941
43,418
1,949
45,367
10,141
2,861
13,002
7,636
66
7,702
16,471
1,915
18,386
565
565
120,635
7,328
127,963
(30,741)
(22,337)
(3,075)
(5,143)
(5,291)
(177)
(66,764)
12,200
23,030
9,927
2,559
388
61,199
13,095
44,391
596
44,987
47,916
2,539
50,455
11,402
5,407
16,809
8,060
79
8,139
21,402
1,179
22,581
696
696
133,867
9,800
143,667
(31,115)
(24,121)
(2,968)
(5,530)
(6,316)
(239)
(70,289)
13,872
26,334
457
73,378
13,841
2,609
16,265
46,781
717
47,498
53,517
4,200
57,717
13,336
5,706
19,042
8,455
327
8,782
26,196
808
27,004
803
803
149,088
11,758
160,846
(31,217)
(26,868)
(4,247)
(6,133)
(7,433)
(314)
(76,212)
16,281
30,849
489
84,634
14,795
2,649
19,571
50,313
888
51,201
61,728
5,049
66,777
15,002
7,881
22,883
8,941
481
9,422
31,968
1,123
33,091
950
950
168,902
15,422
184,324
(32,208)
(30,278)
(5,259)
(6,842)
(9,040)
(399)
(84,026)
18,993
36,499
551
100,298
17,624
2,580
24,051
46,444
628
47,072
69,277
5,045
74,322
17,774
8,309
26,083
8,115
566
8,681
35,169
1,730
36,899
1,066
1,066
177,845
16,278
194,123
(28,748)
(34,438)
(10,657)
(6,304)
(11,005)
(496)
(91,648)
18,324
39,884
15,426
2,377
25,894
570
102,475
TOTAL
FACTBOOK 2014
UPSTREAM
53
Equity affiliates
Europe
Africa
Americas
Middle East
Asia
(excl.Russia)
Russia
Total
270
-
1,000
821
1,150
1,007
1,444
1,500
1,447
1,418
184
6,349
6,247
7,096
2,898
8,670
8,844
9,521
1,411
1,411
5,916
5,916
4,347
895
5,242
11,674
895
12,569
(310)
(4,764)
(635)
(5,709)
1,101
1,152
4,607
6,860
54
TOTAL
FACTBOOK 2014
UPSTREAM
These principles applied are those required by ASC 932 and do not
reflect the expectations of real revenues from these reserves,
nor their present value; hence, they do not constitute criteria for
investment decisions.
An estimate of the fair value of reserves should also take into account,
among other things, the recovery of reserves not presently classified
as proved, anticipated future changes in prices and costs and
a discount factor more representative of the time value of money
and the risks inherent in reserve estimates.
Africa
Americas
Middle East
Asia
(excl.Russia)
Russia
Total
87,364
(21,485)
(24,946)
(27,377)
189,098
(39,233)
(34,054)
(68,394)
56,399
(25,921)
(11,068)
(4,281)
19,667
(5,471)
(5,041)
(3,381)
52,938
(7,752)
(10,656)
(9,538)
1,728
(866)
(436)
(153)
407,194
(100,728)
(86,201)
(113,124)
47,417
15,129
5,774
24,992
273
107,141
(6,896)
(22,255)
(11,535)
(2,804)
(15,586)
(110)
(59,186)
6,660
25,162
3,594
2,970
9,406
163
47,955
120,398
(26,326)
(30,312)
(39,341)
234,532
(44,478)
(31,917)
(99,561)
75,078
(31,828)
(16,182)
(6,110)
20,035
(5,552)
(4,358)
(3,915)
93,292
(16,942)
(15,130)
(17,905)
1,810
(779)
(344)
(261)
545,145
(125,905)
(98,243)
(167,093)
58,576
20,958
6,210
43,315
426
153,904
(13,209)
(24,928)
(17,233)
(3,064)
(28,857)
(173)
(87,464)
11,210
33,648
3,725
3,146
14,458
253
66,440
120,136
(26,210)
(31,563)
(35,305)
228,622
(50,380)
(37,242)
(87,660)
74,932
(33,282)
(16,689)
(5,743)
21,231
(6,719)
(4,906)
(3,521)
88,907
(17,980)
(13,504)
(16,054)
53,340
19,218
6,085
41,369
(13,596)
(22,851)
(14,960)
(2,870)
(25,743)
13,462
30,489
4,258
3,215
15,626
2,578
(1,633)
(613)
(237)
95
7
102
536,406
(136,204)
(104,517)
(148,520)
147,165
(80,013)
67,152
UPSTREAM
TOTAL
FACTBOOK 2014
55
Consolidated subsidiaries
Africa
Americas
Middle East
Asia
(excl.Russia)
Russia
Total
106,968
(24,973)
(30,534)
(27,307)
205,741
(50,531)
(34,364)
(73,232)
78,813
(36,172)
(18,844)
(5,190)
19,413
(6,950)
(4,282)
(3,030)
93,404
(18,548)
(16,570)
(14,946)
2,332
(1,456)
(526)
(219)
506,671
(138,630)
(105,120)
(123,924)
47,614
18,607
5,151
43,340
131
138,997
(10,813)
(19,397)
(15,304)
(2,490)
(27,670)
(49)
(75,723)
13,341
28,217
3,303
2,661
15,670
82
63,274
87,950
(23,722)
(28,529)
(15,363)
184,975
(49,796)
(35,683)
(59,063)
87,965
(38,776)
(16,728)
(5,891)
17,214
(6,240)
(3,534)
(2,881)
86,184
(16,700)
(12,177)
(13,475)
40,433
26,570
4,559
43,832
(16,026)
(19,489)
(2,173)
(29,422)
24,407
7,081
2,386
14,410
(7,928)
12,408
2,294
(1,255)
(780)
(172)
87
(5)
82
466,582
(136,489)
(97,431)
(96,845)
135,817
(75,043)
60,774
363
-
458
782
646
808
1,103
821
782
646
808
1,103
Equity affiliates
Europe
Africa
Americas
Middle East
Asia
(excl.Russia)
Russia
Total
626
70
676
215
2,872
2,595
1,930
1,304
8,791
12,148
12,491
12,834
924
794
1,066
12,289
15,737
15,891
15,419
1,698
(132)
(630)
16,209
(9,393)
(1,683)
(1,327)
68,109
(36,848)
(3,814)
(5,525)
45,472
(13,536)
(3,190)
(3,886)
131,488
(59,777)
(8,819)
(11,368)
936
3,806
21,922
24,860
51,524
(575)
(2,078)
(10,331)
(19,447)
(32,431)
361
1,728
11,591
5,413
19,093
56
TOTAL
FACTBOOK 2014
UPSTREAM
Beginning of year
Sales and transfers, net of production costs
Net change in sales and transfer prices
and in production costs and other expenses
Extensions, discoveries and improved recovery
Changes in estimated future development costs
Previously estimated development costs incurred during the year
Revisions of previous quantity estimates
Accretion of discount
Net change in income taxes
Purchases of reserves in place
Sales of reserves in place
End of year
2014
2013
2012
2011
2010
63,274
67,152
66,440
47,955
35,924
(26,647)
(32,860)
(36,685)
(37,617)
(29,561)
(16,703)
1,912
(5,407)
21,484
(1,505)
6,327
20,116
26
(2,103)
(8,007)
1,106
(10,803)
18,218
1,511
6,715
20,178
1,459
(1,395)
3,532
1,749
(8,381)
15,220
3,504
6,644
18,034
385
(3,290)
64,638
2,354
(6,724)
13,338
1,805
4,795
(23,717)
1,240
(1,627)
38,589
953
(9,642)
10,509
7,350
3,592
(9,014)
588
(1,333)
60,774
63,274
67,152
66,440
47,955
Equity affiliates
(in million dollars)
Beginning of year
Sales and transfers, net of production costs
Net change in sales and transfer prices and in production costs and other expenses
Extensions, discoveries and improved recovery
Changes in estimated future development costs
Previously estimated development costs incurred during the year
Revisions of previous quantity estimates
Accretion of discount
Net change in income taxes
Purchases of reserves in place
Sales of reserves in place
End of year
2014
15,419
(3,639)
(1,546)
4,444
190
1,330
19
1,542
834
543
(43)
19,093
2013
15,891
(3,723)
(1,056)
4,980
540
1,101
(5,020)
1,589
1,107
520
(510)
15,419
2012
15,737
(3,074)
(1,702)
(32)
(638)
1,042
1,268
1,574
1,693
23
15,891
UPSTREAM
TOTAL
FACTBOOK 2014
57
2014
Undeveloped
acreage(1)
2013
2012
Developed
acreage
Undeveloped
acreage(1)
Developed
acreage
Undeveloped
acreage(1)
Developed
acreage
Europe
Gross
Net
10,601
5,197
692
143
10,804
5,305
722
163
10,015
6,882
724
176
Africa
Gross
Net
122,385
79,562
1,306
350
134,157
86,493
1,266
341
135,610
88,457
1,256
337
Americas
Gross
Net
25,081
11,375
962
299
19,790
9,391
960
286
16,604
6,800
1,705
330
Middle East
Gross
Net
34,375
9,908
1,215
129
33,242
4,534
1,482
192
32,369
3,082
1,896
256
Asia
Gross
Net
53,495
28,264
2,075
468
55,980
29,880
1,064
309
37,208
18,184
955
270
Gross
245,937
6,250
253,973
5,494
231,806
6,536
Net
134,306
1,389
135,603
1,291
123,405
1,369
Total
(2)
As of December 31,
2011
2010
Undeveloped
acreage(1)
Developed
acreage
Undeveloped
acreage(1)
Developed
acreage
Europe
Gross
Net
6,478
3,497
781
185
6,802
3,934
776
184
Africa
Gross
Net
110,346
65,391
1,229
333
72,639
33,434
1,229
349
Americas
Gross
Net
15,454
5,349
1,028
329
16,816
5,755
1,022
319
Middle East
Gross
Net
31,671
2,707
1,461
217
29,911
2,324
1,396
209
Asia
Gross
Net
40,552
19,591
930
255
36,519
17,743
539
184
Total
Gross
Net
(2)
204,501
5,429
162,687
4,962
96,535
1,319
63,190
1,245
58
UPSTREAM
TOTAL
FACTBOOK 2014
2014
(number of wells)
Gross
productive
wells
Net
productive
wells(1)
2013
2012
Gross
productive
wells
Net
productive
wells(1)
Gross
productive
wells
Net
productive
wells(1)
Europe
Oil
Gas
370
279
101
82
403
286
106
87
410
330
111
117
Africa
Oil
Gas
2,297
158
619
49
2,269
156
615
48
2,216
156
593
48
Americas
Oil
Gas
961
3,817
295
782
868
3,311
266
634
898
2,892
258
546
Middle East
Oil
Gas
5,540
107
355
20
6,283
295
441
36
6,488
371
462
49
Asia
Oil
Gas
277
2,473
88
799
229
2,306
81
741
206
1,912
75
578
Oil
9,445
1,458
10,052
1,509
10,218
1,499
Gas
6,834
1,732
6,354
1,546
5,661
1,338
Total
As of December 31,
2011
(number of wells)
2010
Gross
productive
wells
Net
productive
wells(1)
Gross
productive
wells
Net
productive
wells(1)
Europe
Oil
Gas
576
358
151
125
569
368
151
132
Africa
Oil
Gas
2,275
157
576
44
2,250
182
628
50
Americas
Oil
Gas
877
2,707
247
526
884
2,532
261
515
Middle East
Oil
Gas
7,829
372
721
49
7,519
360
701
49
Asia
Oil
Gas
209
1,589
75
498
196
1,258
75
411
Total
Oil
11,766
1,770
11,418
1,816
Gas
5,183
1,242
4,700
1,157
(1) Net wells equal the sum of the Groups equity stakes in gross wells.
UPSTREAM
TOTAL
FACTBOOK 2014
59
Exploratory
Europe
Africa
Americas
Middle East
Asia
2014
Net
productive
wells
drilled(1)(2)
Net dry
wells
drilled(1)(3)
Net total
wells
drilled(1)(3)
2013
2012
Net
productive
wells
drilled(1)(2)
Net dry
wells
drilled(1)(3)
Net total
wells
drilled(1)(3)
Net
productive
wells
drilled(1)(2)
Net dry
wells
drilled(1)(3)
Net total
wells
drilled(1)(3)
1.5
1.5
2.9
0.6
1.6
0.2
5.1
1.4
0.7
4.3
1.7
6.6
4.3
1.3
5.9
0.9
4.9
3.9
2.4
3.3
2.8
0.6
1.4
4.2
7.7
4.5
3.8
1.4
2.0
2.1
0.3
1.2
0.2
3.3
0.3
0.3
1.4
1.6
5.3
2.4
0.6
2.6
7.0
5.5
12.5
8.1
8.8
24.6
128.1
36.1
135.0
1.0
0.2
0.2
1.3
8.8
25.6
128.3
36.3
136.3
6.9
19.7
98.0
42.7
198.0
Subtotal
332.6
2.7
335.3
365.3
1.0
366.3
270.4
0.7
271.1
Total
339.6
8.2
347.8
373.4
12.7
386.1
282.5
8.8
291.3
Subtotal
Development
Europe
Africa
Americas
Middle East
Asia
11.7
0.3
0.4
0.3
-
As of December 31,
(number of wells)
Exploratory
Europe
Africa
Americas
Middle East
Asia
Subtotal
Development
Europe
Africa
Americas
Middle East
Asia
19.8
12.1
7.2
20.1
98.0
43.0
198.0
6.0
22.7
70.6
43.3
127.8
8.1
0.7
-
2011
20.2
6.7
22.7
70.6
43.3
127.8
2010
Net
productive
wells
drilled(1)(2)
Net dry
wells
drilled(1)(3)
Net total
wells
drilled(1)(3)
Net
productive
wells
drilled(1)(2)
Net dry
wells
drilled(1)(3)
Net total
wells
drilled(1)(3)
1.5
2.9
1.2
1.2
2.1
1.7
1.5
1.3
0.8
3.7
3.2
4.4
2.5
2.0
5.8
1.7
1.6
1.0
0.9
3.2
0.2
4.3
1.6
0.3
1.2
1.9
5.9
2.6
1.2
4.4
8.9
7.5
24.7
113.1
32.6
118.4
9.0
2.6
-
17.9
8.4
7.6
16.0
7.5
24.7
113.1
35.2
118.4
5.0
18.1
135.3
29.6
59.3
112.5
1.4
-
5.0
18.1
247.8
31.0
59.3
Subtotal
296.3
2.6
298.9
247.3
113.9
361.2
Total
305.2
11.6
316.8
255.7
121.5
377.2
(1) Net wells equal the sum of the Companys fractional interest in gross wells.
(2) Includes certain exploratory wells that were abandoned but which would have been capable of producing oil in sufficient quantities to justify completion.
(3) For information: service wells and stratigraphic wells drilled within oil sands operations in Canada are not reported in this table (90.0 wells in 2014, 86.2 wells in 2013,131.7 in 2012 and
82.2 in 2011).
60
TOTAL
FACTBOOK 2014
UPSTREAM
2014
2013
2012
Gross
Net
6
32
12
13
12
2.1
9.6
4.0
4.2
3.4
75
23.3
73
27.3
16
8.1
36
47
370
128
1,000
13.9
12.6
159.3
14.0
238.9
35
27
348
129
821
13.4
7.7
120.7
15.8
246.1
23
25
29
93
171
6.2
6.4
8.2
6.1
49.2
Subtotal
1,581
438.7
1,360
403.7
341
76.1
Total
1,656
462.0
1,433
431.0
357
84.2
Exploratory
Europe
Africa
Americas
Middle East
Asia
Subtotal
Other wells
Europe
Africa
Americas
Middle East
Asia
(1)
Gross
2
31
15
10
15
Net
Gross
Net(1)
1.5
9.8
6.7
3.6
5.7
1
4
7
2
2
1.0
1.3
3.4
1.1
1.3
(2)
As of December 31,
(number of wells)
Exploratory
Europe
Africa
Americas
Middle East
Asia
Subtotal
Other wells
Europe
Africa
Americas
Middle East
Asia
(1)
2011
2010
Gross
Net(1)
Gross
Net(1)
2
2
3
1
2.0
0.8
1.0
0.6
3
4
2
2
2
2.1
1.4
0.9
1.2
1.1
4.4
21
31
22
26
11
4.5
11.3
5.7
3.5
5.1
13
6.7
(2)
21
29
99
20
23
3.8
6.4
29.2
5.1
9.8
Subtotal
111
30.1
192
54.3
Total
119
34.5
205
61.0
(1) Net wells equal the sum of the Groups equity stakes in gross wells. From 2013, includes wells for which surface facilities permitting production have not yet been constructed. Such
wells are also reported in the table Number of net productive and dry wells drilled, for the year in which they were drilled.
(2) Other wells are development wells, service wells, stratigraphic wells and extension wells
UPSTREAM
TOTAL
FACTBOOK 2014
61
Yamal LNG
16.5 MT/Y
TOTAL: 20%(3)
Snhvit LNG
4.2 MT/Y
TOTAL: 18.4%
Qatargas 2
TRAIN 5 - 7.8 MT/Y
TOTAL: 16.7%
Qatargas 1
Adgas
9.9 MT/Y
TOTAL: 10%
5.6 MT/Y
TOTAL: 5%
Oman LNG
7.2 MT/Y
TOTAL: 5.54%
Elk-Antelope
TOTAL: 40.1%(2)
Yemen LNG
8.5 MT/Y
TOTAL: 15%
22.2 MT/Y
TOTALS 2014
NET SUPPLY TO
LNG PLANT: 41.7%
3.7 MT/Y
TOTAL: 2.04%(1)
~10 MT/Y
TOTAL: 20.48%(5)
Bontang
Qalhat LNG
21.9 MT/Y
TOTAL: 15%
6.7 MT/Y
TOTAL: 39.62%
GLNG
Angola LNG
Ichthys LNG
5.2 MT/Y
TOTAL: 13.6%
8.4 MT/Y
TOTAL: 30%
7.2 MT/Y
TOTAL: 27.5%
(1) Total interest through the 36.8% share of Qalhat LNG owned by Oman LNG.
(2) The Elk Antelope transaction was closed on March 26, 2014. The 40.1% is before the Papua New Guinea Government and landholders in PRL15 exercise their rights under the PNG
Oil and Gas Act.
(3) Direct stake in the project.
(4) 3.2 = 0.7 Mt/y firm volume ex Sabine T3 + 0.5 Mt/y firm volume ex Cameron + 2.0 Mt/y subject to FID of Sabine T5.
(5) Following the withdrawal in 2014 of one of the partners, Totals share has temporarily increased from 17% to 20.48%.
2014
2013
2012
2011
2010
Indonesia (Bontang)(2)
Nigeria (NLNG)
Qatar (Qatargas I)
Qatar (Qatargas II)
Oman(3)
Abu Dhabi (Adgas)
Norway (Snhvit)
Yemen LNG
Angola LNG
2,901
3,105
937
1,277
344
290
658
2,590
44
3,022
2,731
952
1,308
378
272
567
2,983
43
2,975
3,198
921
1,168
358
268
631
1,900
-
3,888
3,162
969
1,310
369
287
521
2,686
-
4,547
2,783
926
1,195
374
293
562
1,637
-
Total
(1) Group share, excluding trading.
(2) From 2007, TOTALs actual net supply to LNG plant applied to Bontang sales.
(3) Includes both Oman LNG & Qalhat LNG.
12,146
12,257
11,418
13,192
12,317
62
UPSTREAM
TOTAL
FACTBOOK 2014
Dunkerque LNG
13 BCM/Y
TOTALS EQUITY
INTEREST: 9.99%
Sabine Pass
40 BCM/Y
CAPACITY SUBSCRIBED
BY TOTAL: 10 BCM/Y
Altamira
Hazira
6.7 BCM/Y
CAPACITY SUBSCRIBED
BY TOTAL: 1.7 BCM/Y
6.9 BCM/Y
TOTALS EQUITY
INTEREST: 26%
Existing terminal
(Re-gas capacity or reserved re-gas capacity
at year-end 2014, Group share)
Project under construction
Ichthys, Australia.
Fosmax
8.25 BCM/Y
TOTALS EQUITY
INTEREST: 27.54%
UPSTREAM
TOTAL
FACTBOOK 2014
63
Elgin Franklin
St. Fergus
TOTAL
Gas & Power Ltd
South Hook LNG
8.35%
100%
Bacton
Den Helder
100%
100%
Dunkerque LNG
Total nergie Gaz
100%
9.99%
Paris
TOTAL
Energie Gas GmbH
100%
Gomthane
28.05%
Fosmax
27.54%
Cepsa Gas
Comercializadora (JV)
35% TOTAL
64
UPSTREAM
TOTAL
FACTBOOK 2014
GAS & POWER ACTIVITIES IN NORTH AND SOUTH AMERICA AS OF DECEMBER 31, 2014
CANADA
UNITED STATES
Sabine Pass Regasification
(subscribed capacity)
TOTAL Gas & Power
North America
Cameron LNG
Altamira Regasification
(subscribed capacity)
MEXICO
Sabine Pass Liquefaction
BRAZIL
BOLIVIA
TBG
(Bolivia-Brazil)
CHILE
TGN
Existing activities
Pre-FID
Post-FID
Gas production
Pipeline with TOTAL interest
Other gas pipeline
Gas pipeline under construction
ARGENTINA
TGM
UPSTREAM
TOTAL
FACTBOOK 2014
65
INTERESTS IN PIPELINES
The table below sets forth interests of the Groups entities (excluding equity affiliates) in oil and gas pipelines.
As of December 31, 2014
Pipeline(s)
Origin
Destination
% interest Operator
Liquids
Norway
Frostpipe (inhibited)
Heimdal to Brae Condensate Line
Kvitebjorn pipeline
Norpipe Oil
Oseberg Transport System
Sleipner East Condensate Pipe
Troll Oil Pipeline I and II
Lille-Frigg, Froy
Heimdal
Kvitebjorn
Ekofisk Treatment center
Oseberg, Brage and Veslefrikk
Sleipner East
Troll B and C
36.25
16.76
5.00
34.93
12.98
10.00
x
x
x
x
x
x
3.71
Vestprosess
Kollsnes (Area E)
Asta Hansteen/Linnorm
5.00
5.11
Polared
Oseberg
Brae
Mongstad
Teeside (UK)
Sture
Karsto
Vestprosess
(Mongstad refinery)
Vestprosess
(Mongstad refinery)
Nyhamna
The Netherlands
Nogat pipeline
WGT K13-Den Helder
WGT K13-Extension
F3-FB
K13A
Markham
Den Helder
Den Helder
K13 (via K4/K5)
5.00
4.66
23.00
United Kingdom
Alwyn Liquid Export Line
Bruce Liquid Export Line
Central Graben Liquid Export Line (LEP)
Frigg System: UK line
Ninian Pipeline System
Shearwater Elgin Area Line (SEAL)
SEAL to Interconnector Link (SILK)
Alwyn North
Bruce
Elgin-Franklin
Alwyn North, Bruce and others
Ninian
Elgin-Franklin, Shearwater
Bacton
Cormorant
Forties (Unity)
ETAP
St.Fergus (Scotland)
Sullom Voe
Bacton
Interconnector
100.00
43.25
15.89
100.00
16.00
25.73
54.66
Mandji fields
Rabi fields
100.00(1)
100.00(1)
x
x
Gas
Europe
x
x
x
x
x
x
x
x
x
x
x
x
Africa
Gabon
Mandji Pipes
Rabi Pipes
x
x
Americas
Argentina
TGN
TGM
Brazil
TBG
Bolivia-Brazil border
Yadana (Myanmar)
31.24
Baku (Azerbaijan)
Ceyhan
(Turkey, Mediterranean)
5.00
15.40
32.68
x
x
x
Asia-Pacific
Yadana
Rest of world
BTC
(1) Interest of Total Gabon. The Group has a financial interest of 58.28% in Total Gabon.
66
TOTAL
FACTBOOK 2014
UPSTREAM
2014
2013
2012
2011
2010
France
United Kingdom
Norway
The Netherlands
Africa
Azerbaijan
Brunei
Qatar
Syria
China
Indonesia(2)
Myanmar
Thailand
United States
Argentina
Colombia
Bolivia
Venezuela
Australia
Trinidad & Tobago
9
313
465
155
63
147
65
155
63
94
131
286
286
351
136
87
21
-
37
395
463
186
56
81
58
154
45
92
126
296
252
347
127
73
23
51
53
379
491
176
112
64
54
178
7
123
125
257
239
375
14
124
64
29
67
61
526
481
204
64
56
56
217
215
115
118
197
222
376
18
118
52
21
47
74
676
530
225
54
52
59
258
128
109
113
195
192
360
24
95
52
6
-
Total
2,827
2,862
2,931
3,164
3,202
Interest
Capacity(1)
Technology
Abu Dhabi
Taweelah A1
In operation
20.00%
1,600 MW
Gas
Nigeria
Afam VI
In operation
10.00%
630 MW
Gas
Thailand
Bang Bo
In operation
28.00%
350 MW
Gas
TOTAL
FACTBOOK 2014
UPSTREAM
67
EUROPE ACREAGE
IN 2014, TOTALS PRODUCTION
IN EUROPE WAS
364 KBOE/D
REPRESENTING
17%
OF THE GROUPS
OVERALL PRODUCTION
PRODUCTION
2014
Liquids production (Kb/d)
Gas production (Mcf/d)
165
1,089
Total (Kboe/d)
364
2013
2012
2011
2010
168
1,231
197
1,259
245
1,453
269
1,690
392
427
512
580
MAIN START-UPS
Start-up
2015
2016+
Projects
Type
Capacity
(kboe/d)
Share
Eldfisk 2
West Franklin Ph.2
Laggan-Tormore
Martin Linge
Elgin/Franflin redev
Gina Krog
Tempa Rossa
Liq/gas
Gas/Cond.
Deep off.
Liq/gas
Gas/Cond.
Liq/gas
Heavy oil
70
40
90
80
35
95
55
39.90%
46.20%
80.00%
51.00%
46.20%
30.00%
50.00%
Op.
Country
Norway
UK
UK
Norway
UK
Norway
Italy
68
UPSTREAM
TOTAL
FACTBOOK 2014
Operated
(Group share in %)
1965
Atla (40.00%)
Skirne (40.00%)
Non-operated
(Group share in %)
Europe
Norway
sgard (7.68%)
Ekofisk (39.90%)
Ekofisk South (39.90%)
Eldfisk (39.90%)
Embla (39.90%)
Gimle (4.90%)
Gungne (10.00%)
Heimdal (16.76%)
Huldra (24.33%)
Islay (5.51%)(2)
Kristin (6.00%)
Kvitebjrn (5.00%)
Mikkel (7.65%)
Oseberg (14.70%)
Oseberg East (14.70%)
Oseberg South (14.70%)
Sleipner East (10.00%)
Sleipner West (9.41%)
Snhvit (18.40%)
Stjerne (14.70%)
Tor (48.20%)
Troll I (3.69%)
Troll II (3.69%)
Tune (10.00%)
Tyrihans (23.15%)
Visund (7.70%)
Visund South (7.70%)
Visund North (7.70%)
(1) The Groups interest in the local entity is approximately 100%.
(2) The field of Islay extends partially in Norway. Total E&P UK holds a 94.49% interest and Total E&P Norge holds a 5.51% interest.
UPSTREAM
TOTAL
FACTBOOK 2014
The Netherlands
Year of entry
into the country
Operated
(Group share in %)
1964
69
Non-operated
(Group share in %)
E16a (16.92%)
E17a/E17b (14.10%)
J3b/J6 (25.00%)
K9ab-A (22.46%)
Q16a (6.49%)
United Kingdom
1962
(1) The field of Islay extends partially in Norway. Total E&P UK holds a 94.49% interest and Total E&P Norge holds a 5.51% interest.
70
TOTAL
FACTBOOK 2014
EUROPE ACREAGE
UPSTREAM
NORWAY
UNITED KINGDOM
NETHERLANDS
FRANCE
POLAND
BULGARIA
CYPRUS
DENMARK
ITALY
NORWAY
The Group has had operations since 1965
and TOTAL has equity stakes in 96 production
licenses on the Norwegian maritime
continental shelf, 29 of which it operates.
In 2014, the Groups production was
242 kboe/d, compared to 243 kboe/d in
2013 and 275 kboe/d in 2012. The decrease
in production between 2012 and 2014 was
mainly due to the natural decline of mature
fields.
BARENTS SEA
Snhvit
NORWEGIAN SEA
NORWAY
FINLAND
SWEDEN
Field or Discovery:
TOTAL Operator
TOTAL Partner
0 km
500 km
EUROPE ACREAGE
UPSTREAM
TOTAL
FACTBOOK 2014
NORWAY
UNITED KINGDOM
NETHERLANDS
2
6
FRANCE
POLAND
BULGARIA
Laggan
4
CYPRUS
DENMARK
ITALY
Troll
Alwyn Area
Jura
Islay
SHETLAND
Oseberg
NORTH SEA
NORWAY
Sleipner
UNITED
KINGDOM
5
Elgin-Franklin Area
Greater Ekofisk Area
Field or Discovery:
TOTAL Operator
TOTAL Partner
0 km
250 km
UNITED KINGDOM
TOTAL has had operations since 1962 and
the Groups production was 89 kboe/d in
2014 compared with 105 kboe/d in 2013
and 106 kboe/d in 2012. About 90% of
production comes from operated fields
located in two main zones: the Alwyn zone
in the northern North Sea, and the
Elgin/Franklin zone in the Central Graben.
In the Alwyn zone (100%), the start-up
of satellite fields or new reservoir
compartments partially compensated
for the natural decline in production.
The N54 and N53 wells were put into
production in 2012 and 2011, respectively.
In addition, the N55 well, which was drilled
in 2012 in the Brent South West panel,
71
72
TOTAL
FACTBOOK 2014
UPSTREAM
Laggan Tormore.
EUROPE ACREAGE
NORWAY
UNITED KINGDOM
NETHERLANDS
Elgin.
FRANCE
POLAND
BULGARIA
CYPRUS
DENMARK
ITALY
TOTAL
FACTBOOK 2014
EUROPE ACREAGE
UPSTREAM
NORWAY
UNITED KINGDOM
NETHERLANDS
FRANCE
POLAND
BULGARIA
CYPRUS
DENMARK
ITALY
NETHERLANDS
TOTAL has conducted natural gas exploration
and production operations since 1964 and
currently holds interests in twenty-four offshore
production licenses, including twenty that
it operates, and two offshore exploration
licenses, E17c (16.92%) and K1c (30%).
In 2014, the Groups production was
31 kboe/d compared with 35 kboe/d in 2013
and 33 kboe/d in 2012.
NORTH SEA
K1c
E17c
J3
K6
L4
J6
K4
K5a
K5b
FRANCE
The Groups production in 2014 was
2 kboe/d compared with 9 kboe/d in 2013
and 13 kboe/d in 2012.
In October 2013, TOTAL ended commercial
gas operations on Lacq, which had begun
in 1957. The transfer of the Lacq concession
was approved by French authorities in
October 2014.
On the Lacq field, the CO2 capture, injection
and storage pilot commissioned in 2010
ended in 2013.
The Montelimar exclusive exploration license
awarded to TOTAL in 2010 to assess,
in particular, the shale gas potential of the
area, was abrogated by the government
TOTAL Operator
AMSTERDAM
TOTAL Partner
0 km
100 km
Q16a
THE NETHERLANDS
in October 2011. This revocation stemmed
from the law of July 13, 2011, prohibiting
the exploration and extraction of hydrocarbons
by drilling followed by hydraulic fracturing.
An appeal filed in December 2011 with the
administrative court requesting that the judge
cancel the revocation of the license is pending.
POLAND
At the beginning of 2012, TOTAL signed
an agreement to acquire a 49% stake
in the Chelm and Werbkowice exploration
concessions in order to assess their shale
gas potential.
In February 2014, the licenses were
relinquished, and since then the Group
no longer holds any exploration interests
in the country.
73
74
TOTAL
FACTBOOK 2014
EUROPE ACREAGE
UPSTREAM
NORWAY
UNITED KINGDOM
NETHERLANDS
FRANCE
POLAND
BULGARIA
CYPRUS
DENMARK
ITALY
BULGARIA
The Khan Asparuh license, which covers
14,220 km in the Black Sea, was awarded
to TOTAL in 2012. In March 2013, TOTAL
sold 60% of its stake, retaining a 40%
interest. A 2D and 3D seismic survey was
performed from June 2013 to January 2014
and the data is currently being processed
and interpreted. TOTAL became the operator
of the Block in April 2014.
ADRIATIC SEA
ITALY
BARI
NAPOLI
Serra San Bernardo
Tempa Moliano
CYPRUS
TOTAL has been present since 2013 in the
deep offshore exploration Block 10 (100%,
operator) and Block 11 (100%, operator)
located southwest of the country. Following
a 3D seismic survey carried out on Block 11
in 2013, a 2D seismic survey on Block 10
was conducted in February 2014.
Gorgoglione
Fosso Valdienna
Aliano
TARANTO
Teana
MEDITERRANEAN SEA
DENMARK
TOTAL has since 2010 held an 80% stake
and operated the 1/10 (Nordjylland) and 2/10
(Nordsjaelland) licenses.
These onshore licenses, whose shale gas
potential continues to be assessed, cover areas
of 3,000 km and 2,300 km, respectively.
Following geoscience surveys on license
1/10 in 2011, the decision was made to
drill a well.
On license 2/10, a gravimetric survey was
completed in 2013.
TOTAL Operator
TOTAL Partner
0 km
100 km
ITALY
TOTAL holds a stake in two exploration
licenses and in the Tempa Rossa field
(50%, operator), discovered in 1989 and
located on the Gorgoglione concession
(Basilicate region). The final investment
decision for Tempa Rossa was made in
July 2012 and development is ongoing.
TOTAL
FACTBOOK 2014
UPSTREAM
75
AFRICA ACREAGE
HIGHLIGHTS
IN 2014, TOTALS PRODUCTION
IN AFRICA WAS
657 KBOE/D
REPRESENTING
31%
OF THE GROUPS
OVERALL PRODUCTION
PRODUCTION
Liquids production (Kb/d)
Gas production (Mcf/d)
Total (Kboe/d)
2014
2013
2012
2011
2010
522
693
531
699
574
705
517
715
616
712
657
670
713
659
756
MAIN START-UPS
Start-up
2015
2016+
Projects
Type
Capacity
(kboe/d)
Share
Op.
Country
Ofon 2
Moho North(1)
Egina
Kaombo
Ikike (OML 99)
Blocks 1, 2 and 3A(2)
Bonga South West
Liq/gas
Deep off.
Deep off.
Deep off.
Liq/gas
Liquids
Deep off.
70
140
200
230
55
230
225
40.00%
53.50%
24.00%
30.00%
40.00%
33.30%
10.00%
Nigeria
Congo
Nigeria
Angola
Nigeria
Uganda
Nigeria
76
UPSTREAM
TOTAL
FACTBOOK 2014
AFRICA ACREAGE
Operated
(Group share in %)
Non-operated
(Group share in %)
Africa
Algeria
1952
Angola
1953
Gabon
1928
Anguille (100.00%)
Anguille Nord Est (100.00%)
Anguille Sud-Est (100.00%)
Atora (40.00%)
Avocette (57.50%)
Ayol Marine (100.00%)
Baliste (50.00%)
Barbier (100.00%)
Baudroie Marine (50.00%)
Baudroie Nord Marine (50.00%)
Coucal (57.50%)
Girelle (100.00%)
Gonelle (100.00%)
Grand Anguille Marine (100.00%)
Grondin (100.00%)
Hylia Marine (75.00%)
Lopez Nord (100.00%)
Mandaros (100.00%)
MBoumba (100.00%)
MBoukou (57.50%)
Mrou Sardine Sud (50.00%)
Pageau (100.00%)
Port Gentil Ocan (100.00%)
Port Gentil Sud Marine (100.00%)
Tchengue (100.00%)
Torpille (100.00%)
Torpille Nord Est (100.00%)
Rabi Kounga (47.50%)
Libya
1959
Nigeria
1962
Kombi-Likalala-Libondo (65.00%)
Moho Bilondo (53.50%)
Nkossa (53.50%)
Nsoko (53.50%)
Sendji (55.25%)
Tchendo (65.00%)
Tchibeli-Litanzi-Loussima (65.00%)
Tchibouela (65.00%)
Yanga (55.25%)
Loango (42.50%)
Zatchi (29.75%)
(1) The Groups interest in the local entity is approximately 100% in all cases except for Total Gabon (58.28%) and Total E&P Congo (85.00%).
(2) Stake in the company Angola Block 14 BV (Total 50.01%).
(3) TOTALs stake in the foreign consortium.
TOTAL
FACTBOOK 2014
AFRICA ACREAGE
UPSTREAM
NIGERIA
ANGOLA
REPUBLIC
OF THE CONGO
GABON
LIBYA
NIGERIA
ALGERIA
DEMOCRATIC
REPUBLIC OF
THE CONGO
REPUBLIC OF
SOUTH SUDAN
UGANDA
KENYA
CTE DIVOIRE
MAURITANIA
EGYPT
SOUTH AFRICA
MADAGASCAR
MOROCCO
MOZAMBIQUE
NIGERIA
OML 58
(Obagi/Obite)
OML 136
OPL 285
4
OML 79
(EA)
OML 112
OML 118
(Bonga)
OML 117
OML 99
1
OML 102
(Ofon)
OML 100
OML 130
(Akpo,Egina)
OPL 223
TOTAL Operator
TOTAL Partner
OPL 297
0 km
100 km
GUINEA GOLF
OPL 257
OML 139
OML 135
Ofon 2.
77
78
TOTAL
FACTBOOK 2014
UPSTREAM
AFRICA ACREAGE
NIGERIA
ANGOLA
REPUBLIC
OF THE CONGO
GABON
LIBYA
ALGERIA
DEMOCRATIC
REPUBLIC OF
THE CONGO
REPUBLIC OF
SOUTH SUDAN
UGANDA
KENYA
CTE DIVOIRE
MAURITANIA
EGYPT
SOUTH AFRICA
MADAGASCAR
MOROCCO
MOZAMBIQUE
ANGOLA
The Groups production in 2014 was
200 kboe/d, compared with 186 kboe/d
in 2013 and 179 kboe/d in 2012. This
production comes primarily from Blocks 0,
14 and 17. Recent highlights include
the start-up of production on the Pazflor
project in 2011 and the CLOV project
in 2014 , as well as the acquisition of
interests in the exploration Blocks 25,
39 and 40 in the Kwanza basin.
Deep offshore Block 17 (40%, operator)
is TOTALs principal asset in Angola.
It is composed of four major producing
hubs: Girassol, Dalia, Pazflor and CLOV.
CLOV, the newest hub, was launched in
2010, started production in June 2014
and reached its production plateau of
160 kboe/d in September 2014.
On the ultra-deep offshore Block 32
(30%, operator), the Kaombo project
was launched in April 2014 to develop
the discoveries in the southeast part of
the Block via two FPSOs (Floating
Production Storage and Offloading
facilities) with a capacity of 115 kb/d each.
Production start-up is planned for 2017.
The exploration and delineation of the center
and north parts of the Block is ongoing.
LIBREVILLE
Anguille
GABON
Rabi Kounga
Atora
Diaba
CONGO
GULF OF GUINEA
Nkossa
CABINDA
Persee
Andromede
Pegase
CONGO (DR)
Moho-Bilondo
Cassiopee Lianzi
ANGOLA
1
Block 17
CLOV
Block 32
2
Block 17-06
Rosa Dalia
Girassol-Jasmin
Pazflor
LUANDA
ATLANTIC OCEAN
Block 39
TOTAL Operator
TOTAL Partner
ZIC
0 km
Block 40
200 km
(1) Interest held by the company Angola Block 14 BV (TOTAL 50.01%, INPEX Corporation 49.99% since February 2013).
Block 25
TOTAL
FACTBOOK 2014
Kaombo.
UPSTREAM
AFRICA ACREAGE
NIGERIA
ANGOLA
REPUBLIC
OF THE CONGO
GABON
LIBYA
ALGERIA
DEMOCRATIC
REPUBLIC OF
THE CONGO
REPUBLIC OF
SOUTH SUDAN
UGANDA
KENYA
CTE DIVOIRE
MAURITANIA
EGYPT
SOUTH AFRICA
MADAGASCAR
MOROCCO
MOZAMBIQUE
GABON
The Groups production in 2014 was
58 kboe/d compared with 59 kboe/d in
2013 and 57 kboe/d in 2012. The Groups
exploration and production activities in
Gabon are mainly carried out by Total Gabon (1).
As part of the redevelopment project
(estimated production capacity 20 kboe/d)
of the Anguille field (100%, operator),
the AGM North platform was installed
in 2012. Production from the platform
started in 2013 and fourteen wells are
operational.
In the Torpille field (100%, operator),
a 3D seismic survey is underway.
On the deep offshore Diaba license
(42.5%, operator), an initial exploration
well (Diaman-1B) was drilled in 2013
at a water depth of more than 1,700 m.
This well revealed an accumulation of
gas and condensates. A 3D seismic survey
was acquired in the western part of the
Block in the fourth quarter of 2014.
The Nguongui-updip well drilled on the
Mutamba-Iroru license (50%) in 2012
revealed the presence of hydrocarbons.
CLOV.
(1) Total Gabon is a company under Gabonese law listed on Euronext Paris. TOTAL holds 58.28%, the Republic of Gabon holds 25% and the public float is 16.72%.
(2) TOTALs stake in the foreign consortium.
79
80
UPSTREAM
TOTAL
FACTBOOK 2014
AFRICA ACREAGE
NIGERIA
ANGOLA
REPUBLIC
OF THE CONGO
GABON
LIBYA
ALGERIA
DEMOCRATIC
REPUBLIC OF
THE CONGO
REPUBLIC OF
SOUTH SUDAN
UGANDA
KENYA
CTE DIVOIRE
MAURITANIA
EGYPT
SOUTH AFRICA
MADAGASCAR
MOROCCO
MOZAMBIQUE
MEDITERRANEAN SEA
Contract Area 15, 16 & 32
TUNISIA
TRIPOLI
ALGERIA
LIBYA
Contract Area 70 & 87
Hassi Mahdjib
Timimoun Centre
Tin Fouye Tabankort
TOTAL Operator
TOTAL Partner
Explo: TOTAL Operator / Prod: TOTAL Partner
0 km
NC 191
300 km
LIBYA
The Groups production in 2014 was 27 kb/d
compared with 50 kb/d in 2013 and 62 kb/d
in 2012. TOTAL is a 75%(1) partner in the
Mabruk (Blocks 70 and 87) and Al Jurf
(Blocks 15, 16 and 32) zones operated by
Mabruk Oil Operations, a company held by
National Oil Corporation (NOC) and TOTAL.
In addition, TOTAL is a partner in the El
Sharara zone (which comprises Blocks 129
and 130 (30%(1)) and 130 and 131 (24%(1))).
Finally, TOTAL is the operator of the NC191
(100%(1)) exploration block.
The security situation in 2014 led the Group
to gradually reduce the number of its
personnel in Libya. Beginning in mid-2013
and through to the summer of 2014,
ALGERIA
TOTALs production was 20 kboe/d during
2014, compared with 21 kboe/d in 2013
and 23 kboe/d in 2012. All of the Groups
production in Algeria comes from the Tin
Fouy Tabankort (TFT) field (35%) .
TOTAL also has a 37.75% stake in the
Timimoun gas development project.
The development of the Timimoun field
continued in 2014. The plant construction
contract was signed in February 2014 and
the drilling rig contract in September 2014.
TOTAL decided not to implement the Ahnet
project and abandoned the Ain Enakhal
exploration well.
TOTAL
FACTBOOK 2014
AFRICA ACREAGE
UPSTREAM
NIGERIA
ANGOLA
REPUBLIC
OF THE CONGO
GABON
LIBYA
ALGERIA
DEMOCRATIC
REPUBLIC OF
THE CONGO
REPUBLIC OF
SOUTH SUDAN
UGANDA
KENYA
CTE DIVOIRE
MAURITANIA
EGYPT
SOUTH AFRICA
MADAGASCAR
MOROCCO
MOZAMBIQUE
DEMOCRATIC REPUBLIC
OF THE CONGO
In the Lake Albert region, the Block III
(66.66%, operator) exploration license was
granted in 2012 for an initial three-year
period. As a result of the security situation
in the eastern part of the country in 2012,
the license was extended for one year.
The prospecting program is limited to
the northern portion of the license, which
is outside the Virunga park.
REPUBLIC
OF SOUTH SUDAN
REPUBLIC
OF SOUTH
SUDAN
Block B
ETHIOPIA
UGANDA
DEMOCRATIC
REPUBLIC
OF THE
CONGO
EA 1 (Dev)
EA 2 Buliisa
SOMALIA
EA 2
EA 3-KJ
Block III
KENYA
KAMPALA
UGANDA
L5
L7
L12
L11A
L22
L11B
TOTAL Operator
TOTAL Partner
0 km
400 km
TANZANIA
INDIAN OCEAN
KENYA
TOTAL has interests on the offshore L5 and
L7 licenses (40%) and the L11a, L11b and
L12 licenses (30% after selling 10% of the
stake in December 2014) and is the operator
of the L22 license (70%) located in the
Lamu delta in water depths ranging from
1,000 m to 3,500 m.
81
82
UPSTREAM
TOTAL
FACTBOOK 2014
AFRICA ACREAGE
NIGERIA
ANGOLA
REPUBLIC
OF THE CONGO
GABON
LIBYA
ALGERIA
DEMOCRATIC
REPUBLIC OF
THE CONGO
REPUBLIC OF
SOUTH SUDAN
UGANDA
KENYA
CTE DIVOIRE
MAURITANIA
EGYPT
SOUTH AFRICA
MADAGASCAR
MOROCCO
MOZAMBIQUE
SOUTH AFRICA
TOTAL acquired an interest in the 11B-12B
license (50%, operator) in September 2013.
This license, which covers an area of
19,000 km, is located approximately
175 km south of the South African coast
in water depths ranging from 200 m to
1,800 m. The drilling of an exploration well,
which began in July 2014 and stopped at
the beginning of October 2014, should
resume when all of the conditions permit.
CTE DIVOIRE
ABIDJAN
CI-515
CI-516
CI-514
CI-100
MADAGASCAR
TOTAL is active on the Bemolanga 3102
license (60%, operator). A two-year extension
of the exploration phase was approved
by the local authorities in August 2014.
TOTAL Operator
TOTAL Partner
0 km
MOROCCO
100 km
CTE DIVOIRE
TOTAL is active in four deep offshore
exploration licenses located 50 km to 100 km
from the coast and covering approximately
5,200 km at water depths ranging from
1,000 m to 3,000 m.
On the CI-100 license (60%, operator)
located in the Tano basin, an initial exploration
well (Ivoire-1X) was drilled in early 2013 at a
water depth of more than 2,300 meters.
On the licenses CI-514 (54%, operator),
CI-515 (45%) and CI-516 (45%) situated
in the San Pedro basin, a 3D seismic
survey was carried out in 2012 and three
exploration wells were drilled in 2014.
MAURITANIA
The Group holds exploration interests in
the ultra-deep offshore C9 license (90%,
operator) and the onshore Ta29 license
(72%, operator) in the Taoudenni basin,
both acquired in 2012.
MOZAMBIQUE
EGYPT
TOTAL relinquished Block 4 (East El Burullus
Offshore; 50% operator) at the end of the
first exploration period in August 2014 after
having drilled the Kala-1 well in 2013.
In September 2014, TOTAL was awarded
Block 2 (North El Mahala Onshore) located
in the Nile delta.
UPSTREAM
TOTAL
FACTBOOK 2014
83
COMMONWEALTH
OF INDEPENDENT
STATES
IN 2014, TOTALS PRODUCTION
IN THE CIS WAS
249 KBOE/D
REPRESENTING
12%
OF THE GROUPS
OVERALL PRODUCTION
PRODUCTION
2014
Liquids production (Kb/d)
Gas production (Mcf/d)
36
1,135
Total (Kboe/d)
249
2013
2012
2011
2010
32
1,046
27
909
22
525
13
56
227
195
119
23
MAIN START-UPS
Start-up
2015
2016+
Projects
Type
Capacity
(kboe/d)
Termokarstovoye
Yamal LNG
Gas/Cond.
LNG
65
450
Share
Op.
49.00%(1)
20.00%(1)
Operated
(Group share in %)
Non-operated
(Group share in %)
Commonwealth of
Independent States
Kazakhstan
1992
Russia
1991
Kashagan (16.81%)
Kharyaga (40.00%)
Several fields through the participation
in OAO Novatek (18.24%)
Country
Russia
Russia
84
UPSTREAM
TOTAL
FACTBOOK 2014
RUSSIA
TOTAL has had operations in Russia since
1991 and held 19% of its proved reserves in
the country as of December 31, 2014. The
Groups production in 2014 was 235 kboe/d
compared with 207 kboe/d in 2013 and
179 kboe/d in 2012. This production
comes from the Kharyaga field and from
TOTALs stake in the Russian company
OAO Novatek (18.24%)(1), which is listed in
Moscow and London (hereafter, Novatek).
In 2014, international economic sanctions
related to the situation in Ukraine were
imposed by the United States, the EU and
other countries. TOTAL complies with
sanctions applicable to its activities.
On the Kharyaga field (40%, operator),
the development of phases 3 and 4
is ongoing.
In addition to its shareholding in Novatek,
TOTAL currently participates via a direct
stake in two projects:
- Termokarstovoye (onshore gas
and condensate field located in the
Yamalo-Nenets district): The
development and production license for
South Tambey
KAZAKHSTAN
TAJIKISTAN
AZERBAIJAN
TOTAL has been present in Azerbajan
since 1996 and production, coming entirely
from the Shah Deniz field, was
14 kboe/d in 2014 compared with
20 kboe/d in 2013 and 16 kboe/d in 2012.
In August 2014, TOTAL sold its stake in
the Shah Deniz field (10%) as well as its
KARA SEA
Kharyaga
RUSSIA
TOTAL Operator
Termokarstovoye
TOTAL Partner
0 km
500 km
(1) The Group held an 18.24% stake in OAO Novatek as of December 31, 2014.
TOTAL
FACTBOOK 2014
UPSTREAM
KAZAKHSTAN
TAJIKISTAN
KAZAKHSTAN
GURJEV
Nurmunai North
2
North Caspian
Sea Permit
Kashagan
Nurmunai South
KAZAKHSTAN
TOTAL has been active since 1992 in the
North Caspian license (16.81%), which
covers the Kashagan field .
First phase production from Kashagan
(300 kb/d) started in September 2013 and
was halted in October 2013 due to leaks
detected on the gas export pipeline.
Following investigations carried out by
the consortium, a refurbishment plan for
the pipelines was approved. The two oil
and gas export pipelines will be replaced
over 99 km.
UZBEKISTAN
CASPIAN SEA
TURKMENISTAN
AZERBAIJAN
TOTAL Operator
BAKU
TOTAL Partner
0 km
TAJIKISTAN
TOTAL launched its activities in the country
by acquiring a 33.3% stake in the Bokhtar
Block in the first half of 2013.
Environmental and societal studies were
carried out in 2014. A 2D seismic campaign
covering 800 km started in 2014.
Yamal.
200 km
85
86
UPSTREAM
TOTAL
FACTBOOK 2014
MIDDLE EAST
ACREAGE
IN 2014, TOTALS PRODUCTION
IN THE MIDDLE EAST WAS
391 KBOE/D
REPRESENTING
18%
OF THE GROUPS
OVERALL PRODUCTION
PRODUCTION
2014
Liquids production (Kb/d)
Gas production (Mcf/d)
192
1,084
Total (Kboe/d)
391
2013
2012
2011
2010
324
1,155
311
990
317
1,370
308
1,185
570
527
536
493
MAIN START-UPS
Start-up
2016+
Projects
Type
Capacity
Share
Halfaya Ph.3
Liquids
200
22.50%
Op.
Country
Operated
(Group share in %)
1939
Non-operated
(Group share in %)
Middle East
U.A.E.
1920
Halfaya (22.50%)(3)
Oman
1937
Qatar
1936
Al Khalij (100.00%)
North Field-Block NF Dolphin (24.50%)
North Field-Block NFB (20.00%)
North Field-Qatargas 2 Train 5 (16.70%)
Yemen
(1)
(2)
(3)
(4)
1987
The Groups interest in the local entity is approximately 100% in all cases except certain entities in Abu Dhabi and Oman (see notes (2) through (6) below).
Through ADMA (equity affiliate), TOTAL has a 13.33% interest in the operating company, Abu Dhabi Marine Operating Company.
TOTAL holds an interest of 22.50% in the consortium.
TOTAL holds an indirect interest of 4.00% in Petroleum Development Oman LLC, operator of Block 6, via its 10% interest in Pohol. TOTAL also holds a 5.54% interest in the Oman LNG
facility (trains 1 and 2), and an indirect participation of 2.04% through OLNG in Qalhat LNG (train 3).
(5) TOTAL holds a direct interest of 2.00% in Block 53.
Iraq
UPSTREAM
TOTAL
FACTBOOK 2014
QATAR
TOTAL has had operations since 1936 and
the Groups production was 132 kboe/d in
2014 compared with 137 kboe/d in 2013
and 139 kboe/d in 2012.
The Group operates the Al Khalij field and
participates in the production, processing
and export of gas from the North Field
through its stakes in the Qatargas 1 and
Qatargas 2 Liquefied Natural Gas (LNG)
plants and in Dolphin Energy.
Qatargas II 4
Qatargas I upstream
1
87
OMAN
IRAQ
SYRIA
Qatargas II 5
PERSIAN GULF
Al Khalij
QATAR
Abu Al Bu Khoosh
Adma Central
(Ummshaif-Nasr)
Block BC (Pre-Khuff)
DUBAI
ABU DHABI
U.A.E.
SAUDI ARABIA
Adco
(Block 2 - Southeast Auh)
Block 6
TOTAL Operator
TOTAL Partner
0 km
100 km
OMAN
88
TOTAL
FACTBOOK 2014
UPSTREAM
ADCO.
QATAR
UNITED ARAB EMIRATES
YEMEN
OMAN
IRAQ
SYRIA
UPSTREAM
TOTAL
FACTBOOK 2014
89
OMAN
IRAQ
SYRIA
U.A.E.
Block 41
SAUDI ARABIA
Mukhaizna
(Block 53)
OMAN
YEMEN
Block 6
ARABIAN SEA
Block 10
East Shabwah
C
Jannah A
TOTAL Operator
Block 3
BALHAF
(Yemen LNG)
Block 70
TOTAL Partner
0 km
200 km
GULF OF ADEN
YEMEN
OMAN
The Groups production in 2014 was
36 kboe/d, stable compared with 2013
and 2012. TOTAL primarily produces oil on
Block 6 (4%)(1) as well as on Block 53 (2%)(2).
The Group also produces LNG through its
stake in the Oman LNG (5.54%)/Qalhat
LNG (2.04%)(3) liquefaction plant, which has
a capacity of 10.5 Mt/y. In December 2013,
TOTAL obtained the license for ultra-deep
(1) TOTAL holds an indirect 4% stake in Petroleum Development Oman LLC, operator of Block 6 via its 10% stake in Private Oil Holdings Oman Ltd.
(2) TOTAL holds a 2% stake in Block 53.
(3) TOTAL has an indirect stake via Oman LNGs stake in Qalhat LNG.
90
TOTAL
FACTBOOK 2014
UPSTREAM
QATAR
UNITED ARAB EMIRATES
YEMEN
OMAN
IRAQ
SYRIA
IRAQ
Safen
Taza
IRAN
SYRIA
TOTAL has a 100% stake in the Deir Ez Zor
license, which is operated by the joint
venture company DEZPC in which TOTAL
and the state-owned company SPC each
have a 50% share. TOTAL also holds the
Tabiyeh contract, which came into effect
in 2009. The Group has had no production
in the country since December 2011,
when TOTAL suspended its hydrocarbon
production activities in Syria in compliance
with the European Unions regulations
regarding this country.
IRAQ
BAGHDAD
TOTAL Operator
TOTAL Partner
0 km
100 km
Halfaya
UPSTREAM
TOTAL
FACTBOOK 2014
91
ASIA-PACIFIC
ACREAGE
IN 2014, TOTALS PRODUCTION
IN ASIA-PACIFIC WAS
238 KBOE/D
REPRESENTING
11%
OF THE GROUPS
OVERALL PRODUCTION
PRODUCTION
2014
Liquids production (Kb/d)
Gas production (Mcf/d)
30
1,178
Total (Kboe/d)
238
2013
2012
2011
2010
30
1,170
27
1,089
27
1,160
28
1,237
235
221
231
248
MAIN START-UPS
Start-up
2015
2016+
Projects
Type
Capacity
(kboe/d)
Share
GLNG
Ichthys
Elk-Antelope
LNG
LNG
LNG
150
335
150
27.50%
30.00%
31.10%
Op.
Country
Australia
Australia
PNG
Operated
(Group share in %)
Non-operated
(Group share in %)
Asia-Pacific
Australia
Brunei
China
Indonesia
2005
1986
2006
1968
Myanmar
Thailand
1992
1990
Yadana (31.24%)
Bongkot (33.33%)
92
UPSTREAM
TOTAL
FACTBOOK 2014
ASIA-PACIFIC ACREAGE
INDONESIA
THAILAND
MYANMAR
KALIMANTAN
Telen (Area VI)
BRUNEI
CHINA
MALAYSIA
CELEBES SEA
Telen (Area IV)
Telen (Area III)
Telen (Area I)
Telen (Area II)
Telen (Area V)
MOLUCCA
SEA
South Mandar
TOTAL Operator
Sebuku
TOTAL Partner
0 km
500 km
South Sageri
INDONESIA
INDONESIA
TOTAL has had operations since 1968 and
the Groups production was 130 kboe/d in
2014 compared with 131 kboe/d in 2013
and 132 kboe/d in 2012.
TOTALs operations in Indonesia are
primarily concentrated on the Mahakam
license (50%, operator), which covers in
particular the Peciko and Tunu gas fields.
TOTAL also has a stake in the Sisi-Nubi gas
field (47.9%, operator). The Group delivers
most of its natural gas production to the
Bontang LNG plant. These volumes of gas
accounted for approximately 80% of Bontangs
LNG supply in 2014. This gas production
is supplemented by condensate and oil
production from the Handil and Bekapai
fields, which are operated by the Group.
With regard to the Mahakam license:
- Tunu: in 2014, additional development
wells were drilled in the main reservoir
as well as in the shallow gas reservoirs;
- Peciko: phase 7 drilling operations
continue;
- South Mahakam: production started
in 2012 and development drilling
operations continued. Phase 3 of the
project, which includes the development
of the Jempang and Metulang fields,
is currently underway; and
- Sisi-Nubi: drilling operations are
continuing within the framework
of a second phase of development.
The gas from Sisi-Nubi is produced
through Tunus processing facilities.
THAILAND
The Groups production in 2014 was
60 kboe/d compared with 63 kboe/d in
2013 and 55 kboe/d in 2012. This production
comes from the Bongkot (33.33%) offshore
gas and condensate field. PTT purchases
all of the natural gas and condensate
production from this field.
In the northern portion of the Bongkot
field, new investments are in progress to
maintain plateau and meet gas demand:
- phase 3L (two wellhead platforms)
was approved in 2012 and commenced
production in 2014;
- phase 3M (four wellhead platforms)
was approved in 2013; and
- phase 3N (three wellhead platforms)
was approved in 2014.
The southern portion of the field (Greater
Bongkot South) is also being developed
in several phases. This development
is designed to include a processing
platform, a living-quarters platform
and thirteen production platforms:
- phase 4A (six wellhead platforms)
commenced production in 2012;
- phase 4B (four wellhead platforms)
commenced production in 2014; and
- phase 4C (three wellhead platforms)
is under development.
Exploration on these licenses is ongoing
with wells drilled annually (two in 2014).
ASIA-PACIFIC ACREAGE
UPSTREAM
TOTAL
FACTBOOK 2014
INDONESIA
THAILAND
MYANMAR
MYANMAR
The Yadana field (31.2%, operator),
located on the offshore Blocks M5 and M6,
primarily produces gas for delivery to PTT
(Thai state-owned company) for use in
Thai power plants. The Yadana field also
supplies the domestic market via two
pipelines built and operated by MOGE,
a Myanmar state-owned company. The
LCP-Badamyar project, which includes the
installation of the Badamyar compression
and development platform, connected
to the Yadana facilities, was launched
in September 2014.
In 2014, the Group was awarded the deep
offshore Block YWB (100%, operator)
during the offshore round launched by the
Burmese authorities. The PSC was signed
in February 2015.
On offshore Block M-11, located in the
Martaban basin, the Group requested
a new two-year exploration phase
in October 2014 and, following the
withdrawal of a partner, increased its
stake from the 40% acquired in 2012 to
approximately 47.06%. The first exploration
well, Manizawta-1, was drilled in 2013.
M6
BANGKOK
M11
CAMBODIA
YWB
VIETNAM
INDIAN OCEAN
Bongkot
TOTAL Operator
TOTAL Partner
0 km
300 km
MALAYSIA
In 2013, the study regarding the additional
development south of the field (Maharaja
Lela South) was completed. The project
was officially launched in early 2014 with
the signature of most of the contracts and
a 20-year extension of the existing license.
Studies are currently being conducted to
reassess the potential of the deep offshore
exploration Block CA1 (54%, operator),
which includes the Jagus East discovery.
CHINA
SOUTH CHINA SEA
Block CA1
DW 2E
YINCHUAN
South Sulige
Block B
SK 317B
BANDAR SERI
BEGAWAN
BRUNEI
TOTAL Operator
TOTAL Partner
MALAYSIA
LAOS
THAILAND
M5
CHINA
BRUNEI
75 km
MYANMAR
0 km
BRUNEI
CHINA
MALAYSIA
0 km
100 km
MALAYSIA
TOTAL has been active since 2008 and the
Group holds stakes in three exploration
licenses (SB-N, DW2E, SK 317 B).
In January 2014, the Group acquired a stake
in the DW2E license (85%, operator) located
in deep offshore. A 3D seismic campaign
of 2,050 km was completed late 2014.
On the SK 317 B exploration Block (85%,
operator) located in Sarawaks deep
offshore, the first exploration well, Pelangi-1,
started in December 2013, revealing gaseous
hydrocarbons. A second exploration well,
Pelangi-2, started in November 2014.
At the end of the exploration period,
TOTAL withdrew from the PM324 Block
(50%, operator), located in the Malay basin.
93
94
ASIA-PACIFIC ACREAGE
TOTAL
FACTBOOK 2014
UPSTREAM
PHILIPPINES
INDONESIA
THAILAND
MYANMAR
BRUNEI
CHINA
MALAYSIA
AUSTRALIA
TOTAL has held leasehold rights since 2005
and the Groups production was 4 kboe/d
in 2014 and in 2013, and 5 kboe/d 2012.
Following the acquisition of an additional
6% stake in 2013, TOTAL has held a 30%
stake in the Ichthys project. Launched in
early 2012, the project involves the
development of a gas and condensate field
in the Browse basin. The development
consists of a floating platform designed
DARWIN
1
2
GLADSTONE
SYDNEY
Arcadia
Fairview
Scotia
TIMOR SEA
Bonaparte
Browse
Roma
MILES
AUSTRALIA
WYNDHAM
TOTAL Operator
TOTAL Partner
0 km
0 km
250 km
1
AUSTRALIA
Ichthys
100 km
2
UPSTREAM
TOTAL
FACTBOOK 2014
95
SOUTH AMERICA
ACREAGE
IN 2014, TOTALS PRODUCTION
IN SOUTH AMERICA WAS
157 KBOE/D
REPRESENTING
7%
OF THE GROUPS
OVERALL PRODUCTION
PRODUCTION
Liquids production (Kb/d)
Gas production (Mcf/d)
Total (Kboe/d)
2014
2013
2012
2011
2010
50
599
54
627
59
682
71
648
76
569
157
166
182
188
179
MAIN START-UPS
Start-up
2015
2016+
Projects
Type
Capacity
(kboe/d)
Share
Op.
Country
Vega Pleyade
Incahuasi
Libra EWT
Gas
Gas
Deep off.
70
50
50
37.50%
60%
20%
Argentina
Bolivia
Brazil
Operated
(Group share in %)
1978
Non-operated
(Group share in %)
South America
Argentina
1995
Venezuela
1980
PetroCedeo (30.32%)
Yucal Placer (69.50%)
96
UPSTREAM
TOTAL
FACTBOOK 2014
ARGENTINA
VENEZUELA
BOLIVIA
BRAZIL
FRENCH GUIANA
COLOMBIA
URUGUAY
ARUBA
ARGENTINA
TOTAL has been present since 1978 in
Argentina and the Group operated
approximately 30% of the countrys gas
production in 2014. The Groups production in
2014 was 75 kboe/d compared with 78 kboe/d
in 2013 and 83 kboe/d in 2012. In 2012,
the Argentinean government concluded gas
price agreements with various producers.
Under the terms of these agreements, the
Argentinean government guarantees the
price of gas for quantities above a fixed
production level in exchange for compliance
with defined production targets and
applicable penalties (i.e., Deliver or Pay).
In February 2013, TOTAL signed an
agreement of this type for a period
of five years with retroactive effect from
December 1, 2012.
Ranquil Norte
La Escalonada
San Roque
NEUQUEN
Aguada Pichana
CHILE
ARGENTINA
Argo
Canadon Alfa
Carina
Hidra
Leo
Tauro Sirius
Vega-Pleyade
USHUAIA
TOTAL Operator
TOTAL Partner
0 km
600 km
UPSTREAM
TOTAL
FACTBOOK 2014
BRAZIL
FRENCH GUIANA
COLOMBIA
97
URUGUAY
ARUBA
CARIBBEAN SEA
MARGARITA
ISLANDS
PORT OF SPAIN
PUERTO LA CRUZ
TRINIDAD
AND TOBAGO
VENEZUELA
Yucal Placer South
Petrocedeo
TOTAL Partner
0 km
VENEZUELA
TOTAL has had operations since 1980 in
Venezuela and the Groups production was
52 kboe/d in 2014 compared with 48 kboe/d
in 2013 and 50 kboe/d in 2012. TOTAL
has equity stakes in PetroCedeno (30.3%),
in Yucal Placer (69.5%), and in the offshore
exploration Block 4, located in Plataforma
Deltana (49%).
200 km
98
TOTAL
FACTBOOK 2014
UPSTREAM
BRAZIL
FRENCH GUIANA
COLOMBIA
URUGUAY
ARUBA
BOLIVIA
The Groups production, primarily gas, was
30 kboe/d in 2014 compared with 28 kboe/d
in 2013 and 27 kboe/d in 2012. TOTAL has
stakes in seven licenses: three production
licenses, San Alberto and San Antonio
(15%) and the Tarija Oeste Block XX (41%);
two licenses in the development phase,
Aquio and Ipati (60%, operator); and two
licenses in the exploration phase, Rio Hondo
(50%) and Azero (50%, operator of the
exploration phase).
Rio Hondo
LA PAZ
BOLIVIA
SANTA CRUZ
Azero
Aquio
Ipati Sur
San Antonio
(Sabalo)
TOTAL Operator
TOTAL Partner
0 km
200 km
Incahuasi.
UPSTREAM
TOTAL
FACTBOOK 2014
ARGENTINA
VENEZUELA
BOLIVIA
BRAZIL
FRENCH GUIANA
COLOMBIA
BRAZIL
The Group has stakes in fourteen exploration
licenses.
FZA-M-57
FZA-M-86
FZA-M-88
FZA-M-127
FZA-M-125
ATLANTIC OCEAN
BELEM
BAR-M-346
CE-M-661
Fortaleza
BRAZIL
TOTAL Operator
TOTAL Partner
0 km
URUGUAY
ARUBA
200 km
ES-M-669
ES-M-671
ES-M-743
RIO DE JANEIRO
2
BC-2(Xerelete)
BM-C-14(Xerelete)
TOTAL Operator
TOTAL Partner
0 km
Libra
200 km
BM-S-54
99
TOTAL
FACTBOOK 2014
UPSTREAM
FRENCH GUIANA
ARGENTINA
VENEZUELA
BOLIVIA
LAIM
RY C
N DA
BOU
ANA
GUI
NCH
Guyane Maritime
COLOMBIA
TOTAL has not had any production in
Colombia since the 2012 sale of its TEPMA BV
subsidiary, which held a stake in the Cusiana
field. Production was 6 kboe/d in 2012.
URUGUAY
CAYENNE
TOTAL Partner
0 km
URUGUAY
ARUBA
FRENCH GUIANA
TOTAL Operator
BRAZIL
FRENCH GUIANA
COLOMBIA
ATLANTIC OCEAN
FRE
100
100 km
VENEZUELA
ARUBA
TOTAL acquired a 35% stake in the offshore
Aruba license (14,000 km) in July 2014.
A 3D seismic survey covering 3,250 km
was carried out.
COLOMBIA
Mundo Nuevo
Niscota
TOTAL Partner
0 km
120 km
UPSTREAM
TOTAL
FACTBOOK 2014
101
NORTH AMERICA
ACREAGE
IN 2014, TOTALS PRODUCTION
IN NORTH AMERICA WAS
90 KBOE/D
REPRESENTING
4%
OF THE GROUPS
OVERALL PRODUCTION
PRODUCTION
Liquids production (Kb/d)
Gas production (Mcf/d)
Total (Kboe/d)
2014
2013
2012
2011
2010
39
285
28
256
25
246
27
227
30
199
90
73
69
67
65
MAIN START-UPS
Start-up
2015
2016+
Projects
Type
Capacity
(kboe/d)
Share
Surmont Ph.2
Fort Hills
Surmont Ph.3
Heavy oil
Heavy oil
Heavy oil
110
180
135
50.00%
39.20%
50.00%
Op.
Country
Canada
Canada
Canada
Operated
(Group share in %)
Non-operated
(Group share in %)
North America
Canada
1999
Surmont (50.00%)
United States
1957
TOTAL
FACTBOOK 2014
UPSTREAM
CANADA
UNITED STATES
CANADA
The Groups production in 2014 was
12 kboe/d compared to 13 kboe/d in 2013
and 12 kboe/d in 2012. The Groups oil
sands portfolio is focused around two
themes: Steam Assisted Gravity Drainage
(SAGD) on the Surmont (50%) asset, and
mining at Fort Hills (39.2%). In addition, the
Group holds stakes in a number of other oil
sands leases including Joslyn (38.25%,
operator) and Northern Lights (50%, operator).
Northern Lights
Fort Hills
SASKATCHEWAN
McLelland
Joslyn
CANADA
ALBERTA
102
FORT MCMURRAY
Surmont
TOTAL Operator
TOTAL Partner
0 km
50 km
Emerillon
UPSTREAM
TOTAL
FACTBOOK 2014
103
CANADA
UNITED STATES
TEXAS
GULF OF MEXICO
Tahiti
Chinook
TOTAL Operator
TOTAL Partner
0 km
200 km
UNITED STATES
The Groups production in 2014 was
78 kboe/d compared with 60 kboe/d in
2013 and 57 kboe/d in 2012.
TOLEDO
FORT WORTH
Utica Shales
(JV Chesapeake)
DALLAS
Barnett Shales
(JV Chesapeake)
CLEVELAND
COLUMBUS
OHIO
TEXAS
AUSTIN
WEST
VIRGINIA
Field or Discovery:
Field or Discovery:
TOTAL Partner
TOTAL Partner
0 km
400 km
0 km
1
400 km
2
104
TOTAL
FACTBOOK 2014
UPSTREAM
REFINING
& CHEMICALS
2.2
MB/D
OF REFINING CAPACITY
AT YEAR-END 2014
2.5
B$
ADJUSTED NET
OPERATING INCOME
50,534
EMPLOYEES
15.0
10
LARGEST
INTEGRATED PRODUCERS
2 B$
INVESTED IN 2014
7.9 B$
SALES IN SPECIALITY
CHEMICALS WORLDWIDE
ONE OF THE LEADING
TRADERS OF OIL AND
REFINED PRODUCTS
WORLDWIDE
105
38106
2015 OUTLOOK
DELIVERING
THE
REFINING &
CHEMICALS
SEGMENT
INCLUDES
REFINING, PETROCHEMICALS
AND SPECIALTY CHEMICALS OPERATIONS
TOTALs petrochemical operations are integrated with its refining operations.
The specialty chemicals businesses include elastomer processing
(Hutchinson) and electroplating chemistry (Atotech).
650 M$
OF OPERATIONAL EFFICIENCY /
SYNERGIES AS PLANNED
ADAPTING
CARLING PLATFORM IN FRANCE
AND LINDSEY REFINERY IN THE UK
FOCUSING ON
MAJOR
INTEGRATED
PLATFORMS
ANTWERP, DAESAN, NORMANDY,
PORT ARTHUR, QATAR, SATORP
INNOVATIVE
PROCESSES
AND
PRODUCTS
PARTICULARLY IN POLYMER AND
SPECIALITY CHEMICALS ACTIVITIES
TOTAL
FACTBOOK 2014
107
FINANCIAL HIGHLIGHTS
2014
2,739
2,489
629
2,022
192
6,302
2013
2012
2011
2010
1,766
1,857
583
2,708
365
4,260
1,873
1,768
491
2,502
392
2,726
848
1,173
590
2,659
3,492
2,987
1,051
1,341
630
2,816
1,012
1,625
2013
2012
2011
2010
2,042
1,719
2,048
1,786
2,096
1,863
2,459
2,009
2014
2,187
1,775
108
TOTAL
FACTBOOK 2014
Lindsey
Schwedt
Vlissingen
Antwerp,
Belgium
Feluy
Normandy,
France
Grandpuits
Carling
Donges
Feyzin
La Mde Lavra
El Prat
Port Arthur,
Texas
La Porte,
Texas
Bayport,
Texas
Carville,
Louisiana
Refinery +
Petrochemicals Complex
Petrochemicals
Plant
Refinery
Major integrated platforms
Leuna
TOTAL
FACTBOOK 2014
109
2.2 MB/D
OF REFINING CAPACITY
AT YEAR-END 2014
Dalian
Daesan,
South Korea
Ningbo
Ras Laffan, Qatar
Jubail,
Saudi Arabia
Foshan
Messaied, Qatar
110
TOTAL
FACTBOOK 2014
FOCUS
ADAPTING AND
OPTIMIZING THE INDUSTRIAL
SYSTEM IN EUROPE
ABSOLUTE PRIORITY TO SAFETY
ADAPTING TO DECREASING
EUROPEAN DEMAND IN OIL
PRODUCTS AND INCREASING
COMPETITION FROM NORTH
AMERICAN PRODUCTIONS
In early 2015, TOTAL presented a plan
to adapt and secure the future of its
Lindsey refinery. The plan entails a
5 Mt/y distillation capacity reduction and
an increase in conversion capacity, an
adaptation of the logistics and a
simplification of the refinery organization.
RELENTLESSLY ENHANCING
COMPETITIVENESS
TOTAL
FACTBOOK 2014
111
REFINERY CAPACITY
As of December 31, 2014 (kb/d)
France
Normandy, Gonfreville
Provence, La Mde
Donges
Feyzin
Grandpuits
247
153
219
109
101
Total France
207
148
338
230
227
126
247
153
219
109
101
829
100%
55%
100%
17%
100%
13%
207
81
338
38
227
16
1,276
United States
Texas, Port Arthur(3)
169
907
100%
169
169
17
169
50%
17
Africa
Cameroon, Limbe
Cte dIvoire, Abidjan
Gabon, Port Gentil
Senegal, Dakar
South Africa, Sasolburg
45
84
23
25
105
Total Africa
20%
25%
44%
20%
18%
282
219
155
386
Total Asia
Worldwide crude distillation
100%
100%
100%
100%
100%
829
Rest of Europe
United Kingdom, Immingham/Lindsey
Netherlands, Vlissingen
Belgium, Antwerp
Germany, Schwedt
Germany, Leuna
Italy, Trecate (TotalErg)(2)
Total rest of Europe
Group
Group
Interest Capacity
Cat
Reform
HydroCracking
Resid.
HydroTreat
Dist.
HydroTreat
Alky
Isom
Vis
35
51
29
31
34
29
23
11
14
61
-
207
121
126
72
77
4
7
5
4
21
14
26
15
13
146
50
95
55
59
35
294
75
75
-
111
31
26
56
36
25
174
38
38
3
61
70
-
83
-
70
83
9
21
10
5
19
25
8
14
2
3
18
17
12
15
64
22%
10%
38%
Cat
Crack
49
15
145
25
55
31
44
15
31
29
15
29
111
41
-
603
140
64
253
235
238
931
240
240
15
15
27
33
6
5
44
115
119
132
272
19
7
9
9
10
-
15
-
35
15
12
89
20
26
45
25
117
8
8
-
759
209
86
46
140
41
523
12
3,332
2,187
624
415
299
139
2,427
77
23
214
(1) Cat Crack: Catalytic Cracking; Cat Reform: Catalytic Reforming; Resid Hydrotreat: Residual Hydrotreating; Dist Hydrotreat: Distillate Hydrotreating; Alky: Alkylation;
Isom: C5/C6 Isomerization; Vis: Visbreaker.
(2) In October 2010, TOTAL Italy merged with Erg to create the new company TotalErg TOTAL holds 49% of TotalErg.
(3) Does not include the Condensates Splitter held by the joint venture BFLP (40% TOTAL, 60% BASF and TOTAL operator). Capacity = 58 kb/d.
2014
2013
2012
2011
2010
France
Rest of Europe
United States and French West Indies
Asia & Middle East(2)
Africa
829
907
178
209
64
829
907
178
64
64
829
913
178
64
64
829
958
178
64
67(3)
920
1,215
178
63
83
Total
2,187
2,042
2,048
2,096
(1) Capacity at the end of the year. Includes share of CEPSA, through July 31, 2011, and of TotalErg. Results for refineries in Africa, French Antilles and Italy are reported in the
Marketing & Services segment.
(2) Including TOTAL share in Ras Laffan refinery (10%) and in SATORP platform at Jubail in Saudi Arabia (37.5%).
(3) TOTAL share in NATREF adjusted from 36.36% to 18.22%.
2,459
112
TOTAL
FACTBOOK 2014
2014
2013
2012
2011
2010
France
Rest of Europe
United States and French West Indies
Asia & Middle East
Africa
639
794
188
105
49
647
797
178
48
50
657
866
182
33
48
732
885
148
32
66
697
1,060
148
39
65
Total
1,775
1,719
1,786
1,863
2,009
(1) Includes share of CEPSA, through July 31, 2011, and of TotalErg. Results for refineries in Africa, French Antilles and Italy are reported in the Marketing & Services segment.
2014
2013
2012
2011
2010
France
Rest of Europe(3)
Americas
Asia
Africa
77
88
106
50
77
78
87
100
75
78
82
88
99
67
75
91
78
81
67
80
64
87
83
81
76
81
84
Average
86
83
77
(1) Including equity share of refineries in which the Group has a stake.
(2) (Crude + crackers' feedstock) / distillation capacity at the beginning of the year (2014: SATORPS capacity included from January 1).
(3) Including CEPSA until end-July 2011 and TotalErg. For CEPSA in 2011: calculation of the utilization rate based on production and capacity prorated on the first seven months of the year.
NB: Includes Ras Laffan refinery contribution from 2013.
2014
2013
2012
2011
2010
77
80
82
78
73
(1) Including equity share of refineries in which the Group has a stake.
(2) Crude/distillation capacity at the beginning of the year (2014: SATORPS capacity included from January 1).
NB: includes Ras Laffan refinery contribution from 2013.
2014
2013
2012
2011
2010
LPG
Motor gasoline
Avgas, jet fuel and kerosene
Diesel fuel and heating oils
Fuel oils
Lubricants
Solvents
Bitumen
Other products
51
344
148
787
134
20
29
229
52
340
146
739
133
18
33
219
51
351
153
734
160
11
30
246
50
350
158
804
179
15
34
236
55
345
168
775
233
14
34
256
Total
1,742
1,680
(1) For refineries not 100% owned by TOTAL, the production shown is TOTALs equity share of the sites overall production.
1,736
1,826
1,880
TOTAL
FACTBOOK 2014
113
Major applications
Production of polyethylene, vynil chloride monomer, styrene, functional polymers and copolymers, ethylene
oxide, glycols and vynil acetate monomer.
Production of polypropylene, acrylic acid, oxo-alcohols, propylene oxide, glycols, cumene and acrylonitrile.
Production of rubber, polybutadiene, elastomers, latex and ABS.
Production of styrene, cyclohexane, chlorobenzenes, cumene, aniline, alkylbenzenes and maleic anhydride.
Production of polystyrene, expanded polystyrene, ABS, emulsions, resins, latex and rubbers.
Production of chemical intermediates and solvents.
Production of phtalic anhydride, terephtalic acid (PTA) and solvents.
Flexible and rigid packaging, cables, pipes and tubes, molded bottles, fuel tanks artificial grass and caps and closures.
Flexible and rigid packaging, containers, automotive parts, household and sanitary goods, fibers, medical,
pipes and caps and closures.
Food packaging, refrigeration appliances, insulation boards and television sets.
Olefins(3)
Aromatics(4)
Polyethylene
Polypropylene
Polystyrene
Others(5)
Total
(1)
(2)
(3)
(4)
(5)
Europe
North
America
Asia and
Middle
East(2)
2013
2012
2011
World
World
World
World
7,654
5,635
2,289
2,895
1,530
63
8,039
5,795
2,239
2,875
1,595
358
7,097
5,730
2,094
2,835
1,555
358
4,949
2,893
1,120
1,350
597
-
1,345
1,512
445
1,200
700
-
1,498
2,368
773
400
508
63
7,791
6,773
2,338
2,950
1,805
63
10,909
5,202
5,609
21,720
20,065
20,900
19,668
2014
2013
2012
2011
2010
France
Rest of Europe
North America
Rest of world
15%
39%
33%
13%
18%
40%
28%
14%
21%
45%
22%
12%
24%
44%
20%
12%
30%
42%
20%
8%
Total
(1) Excluding inter-segment sales and sales by equity affiliates and including fertilizers sales.
100%
100%
100%
100%
100%
114
TOTAL
FACTBOOK 2014
Major applications
Elastomer processing
Elastomer parts for the automotive, transportation and aerospace industries: transmission systems,
antivibration systems, fluid transfer parts, body sealings, precision sealing (Hutchinson).
Adhesives and sealants for construction, packaging, transportation, hygiene and assembly markets (Bostik) (1).
General metal finishing, electronics materials and semiconductors, green technologies chemistry and
systems (Atotech).
Adhesives
Electroplating
SALES BY ACTIVITY
(in million dollars)
Hutchinson
Bostik(1)
Atotech
2014
4,599
2,043
1,261
2013
2012
2011
2010
4,351
1,999
1,175
4,066
1,990
1,240
4,161
1,989
1,243
3,606
1,835
1,033
2014
2013
2012
2011
2010
France
Rest of Europe
North America
Rest of world
14%
35%
24%
27%
15%
34%
24%
27%
16%
33%
24%
27%
15%
33%
28%
24%
15%
33%
29%
23%
Total
100%
100%
100%
100%
100%
2014
2013
2012
2011
2010
Elastomer processing
Resins(2)
Adhesives
Electroplating
58%
26%
16%
58%
27%
16%
56%
27%
17%
44%
22%
21%
13%
42%
27%
20%
11%
Total
100%
100%
100%
100%
100%
MARKETING
& SERVICES
15,569
1.3
SERVICE-STATIONS
1,769
B$
ADJUSTED NET
OPERATING INCOME
kb/d
28,107
EMPLOYEES
N1
13.3%
MARKETER IN AFRICA
ROACE
(BUSINESS SEGMENT)
AMONG THE
LARGEST
MARKETERS
IN WESTERN EUROPE
1.8 B$
INVESTED
(INCLUDING ACQUISITIONS)
150
COUNTRIES
115
38116
2015 OUTLOOK
THE
MARKETING
& SERVICES
SEGMENT
INCLUDES
MARKETING & SERVICES
TOTAL sells a wide range of products
produced from its refineries and other
facilities. TOTAL is among the key players
in the specialty products market, in
particular for lubricants, LPG, jet fuel,
special fluids, bitumen and marine fuels.
TOTAL also sells numerous services for
consumers and professionals in the
mobility, residential and industrial sectors.
ADAPTING
IN EUROPE
MAINTAINING
HIGH PROFITABILITY
GROWING
IN AFRICA AND THE MIDDLE EAST
DEVELOPING
HIGH RETURN LUBRICANTS WORLDWIDE
NEW ENERGIES
TOTAL focuses on two main development
axes: solar energy, which benefits from
unlimited energetic resources, particularly
in certain geographical zones where the
Group has a significant presence, and the
transformation of biomass through use of
biotechnology, which aims to develop
new bio-sourced product solutions for
transport and chemicals.
In addition, the Group actively monitors
other renewable energies it does not
currently prioritize for development.
INNOVATIVE
PRODUCTS AND SERVICES
NEW
ENERGIES
IMPROVING RESULTS
TOTAL
FACTBOOK 2014
117
FINANCIAL HIGHLIGHTS
2014
1,709
1,254
1,818
163
2,721
2013
2012
2011
2010
2,152
1,554
1,814
186
2,557
1,740
1,069
1,671
196
1,456
1,671
1,147
2,553
2,721
753
1,737
1,301
1,351
110
1,465
2013
2012
2011
2010
OPERATIONAL HIGHLIGHTS
2014
(in kb/d)
Refined product sales excluding trading and bulk sales
Trading sales
Bulk sales(2)
(1)
1,769
1,385
615
3,769
1,749
1,155
617
3,521
1,710
1,161
690
3,561
1,987
1,215
437
3,639
2,116
1,281
379
3,776
118
TOTAL
FACTBOOK 2014
EUROPE
9,297
AMERICAS
452
AFRICA
3,991
Retail network
Main blending plants and
participation in refineries
Retail network, wholesale
and specialty products
Specialty products(1)
(1) Lubricants - LPG - jet fuel - special fluids - bitumen - heavy fuels - marine fuels - additives and special fuels.
TOTAL
FACTBOOK 2014
119
MIDDLE EAST
796
ASIA - PACIFIC
1,033
WORLD
15,569
(including AS24)
120
TOTAL
FACTBOOK 2014
FOCUS
LUBRICANTS WORLDWIDE
EXPANDING HIGHLY
PROFITABLE BUSINESS IN
GROWTH-DRIVER REGIONS
LEADERSHIP IN AFRICA
MARKET SHARE GROWTH
INNOVATIONS IN SERVICE-STATIONS
RENEWAL OF PARTNERSHIPS:
RENAULT AND PEUGEOT
TOTAL and Renault have renewed their
global partnership, in the areas of R&D,
business relations with Renault after-sales
networks and Formula 1. This partnership
allows Total to demonstrate its technical
excellence in the formulation of fuels and
lubricants under extreme conditions and
requirements to reduce fuel consumption.
Peugeot and Total Lubricants have
expanded their partnership to the
2-3 wheels universe (scooters) on an
international scope.
(1) Average including only the markets where Total has a position.
TOTAL
FACTBOOK 2014
121
2014
2013
2012
2011
2010
Europe
France
United Kingdom
Benelux
Germany
Italy(1)
Spain(2)
Portugal(2)
Rest of Europe
547
26
214
195
76
1
41
575
27
211
205
77
1
43
566
26
226
207
89
1
45
574
115
231
214
95
163
9
54
606
126
240
223
88
265
13
51
Total Europe
Africa
Northern Africa
Western Africa
Eastern Africa
Southern Africa
Central Africa
Other(3)
Total Africa
1,100
108
82
72
73
30
15
380
Americas
United States
Caribbean Islands
Latin America
29
42
7
Total Americas
78
Middle East
Jordan, Lebanon, Turkey and others
77
1,139
56
78
69
69
33
21
326
37
41
8
86
54
1,160
56
76
56
66
32
21
307
3
42
8
53
55
77
54
55
Asia
East Asia
Pacific
Indian Ocean islands
107
12
15
118
10
17
108
10
17
Total Asia
Total Worldwide
1,455
56
70
53
69
32
24
304
3
45
8
56
51
51
93
10
18
1,612
55
71
48
69
29
20
292
3
41
9
53
48
48
88
8
15
134
144
135
121
111
1,769
1,749
1,710
1,987
2,116
(1) From October 1, 2010, TOTAL Italy merged with Erg to create TotalErg TOTAL holds 49% of TotalErg.
(2) On July 31, 2011, TOTAL sold its 48.83% share in CEPSA.
(3) Represents supply to African non consolidated group companies and third parties.
By main products(1)
(kb/d)
2014
2013
2012
2011
2010
LPG
Motor gasoline
Avgas and jet fuel
Diesel fuel and heating oils
Fuel oils
Lubricants
Solvents
Bitumen
Other products
86
312
228
995
39
37
15
40
17
88
277
246
980
45
37
15
45
16
91
275
215
956
65
38
15
43
12
103
327
238
1,050
121
40
24
57
27
118
353
229
1,101
156
40
31
59
29
Total
(1) Including TOTALs share in CEPSA until July 31, 2011 and in TotalErg since October 1, 2010.
1,769
1,749
1,710
1,987
2,116
122
TOTAL
FACTBOOK 2014
SERVICE-STATIONS (1)
As of December 31,
2014
Europe
France
United Kingdom
Benelux
Germany
Italy(1)
Spain(2)
Portugal(2)
Poland
AS24 Stations
3,727
922
1,157
2,749
2
740
Total Europe
9,297
Africa
Northern Africa
Western Africa
Eastern Africa
Southern Africa
Central Africa
653
1,502
866
587
383
Total Africa
3,991
Americas
Caribbean Islands
452
Total Americas
452
Middle East
Jordan, Lebanon, Turkey
796
796
Asia
East Asia
Pacific
Indian Ocean islands
734
91
208
Total Asia
2013
2012
2011
2010
3,813
923
1,122
3,017
731
3,911
931
1,108
3,161
700
4,046
929
1,091
3,355
615
4,272
788
958
1,086
3,221
1,465
272
599
9,606
585
1,379
845
578
339
3,726
438
438
770
770
716
90
205
9,811
490
1,336
841
588
346
3,601
415
415
637
637
669
88
204
10,036
470
1,293
836
528
337
3,464
410
410
613
613
618
86
207
12,661
468
1,367
839
562
334
3,570
418
418
594
594
558
82
206
1,033
1,011
961
911
846
14,829
14,820
14,725
14,819
17,490
Total Worldwide
15,569
15,551
15,425
15,434
18,089
(1) Including TotalErg service-stations. From October 1, 2010, TOTAL Italy merged with Erg to create TotalErg.
(2) Including CEPSA service-stations. On July 31, 2011, TOTAL sold its 48.83% share in CEPSA.
TOTAL
FACTBOOK 2014
123
FOCUS
NEW ENERGIES
SOLAR: A COMPETITIVE
COMPLEMENTARY ENERGY
Global photovoltaic demand has more
than doubled since 2010
Continual improvement in solar panel
efficiency and costs
BIOTECHNOLOGIES:
INNOVATION FOR OUR CLIENTS
Aviation: Total and Amyris
biofuel now in use
June 2014: Biofuel developed by Total and
Amyris is authorized for use in commercial
aviation following the revision of jet fuel
standards by ASTM. Airlines can therefore
use this biofuel for their commercial flights,
significantly reducing the greenhouse gas
emissions and enabling a 3% reduction
in particulate matter emissions from the
engines. Several airlines used this biofuel
in 2014, including Air France, Lufthansa
and GOL.
September 2014: Biofuel from Total and
Amyris now powers certain flights travelling
from Toulouse to Paris as part of the
Air France program LabLine for the future.
124
TOTAL
FACTBOOK 2014
CONTACT
TOTAL
INVESTOR RELATIONS CONTACTS
LONDON
NORTH AMERICA
TOTAL S.A.
TOTAL S.A.
10 Upper Bank Street
Canary Wharf
London E14 5BF
United Kingdom
Phone: +44 (0)207 7197 962
Fax: +44 (0)207 7197 959
investor.relations@total.com
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