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Exploration & Production, stable results and a promising outlook
   2013.04.29  

Total’s Exploration & Production branch is active in more than forty countries. Its activities enable us to replace hydrocarbon reserves and produce oil and gas under optimized safety conditions.

The need for oil and natural gas is steadily rising throughout the world. Total is convinced it is still possible to find major hydrocarbon deposits that would satisfy global energy demand. Our Exploration & Production branch relies on the experience and expertise of its teams to achieve this end. With more than 16,000 employees, it operates on all five continents in countries such as Norway, United Kingdom, Qatar, Russia, Angola, Gabon, Nigeria, Australia, Indonesia and Thailand.

Creating Energy: a 360° panorama of E&P at TOTAL

Learn all about the expertise and know-how of Total's Exploration & Production branch, whose teams discover, develop and produce oil and gas for tomorrow from the most extreme domains on Earth.

Investing in exploration to find new production potential

Total’s Exploration & Production branch is constantly seeking to replace hydrocarbon reserves. Our teams are currently prospecting across the globe to identify high-potential deposits. The exploration process takes place in four main steps:

  • Geophysical and seismic surveys allow us to evaluate the site potential.
  • Exploratory drilling is then undertaken to certify the presence of hydrocarbons.
  • The results of the drilling are analysed to identify the physical parameters and characteristics of the deposit.
  • Production tests are used to evaluate the feasibility and profitability of the project prior to considering its development.

In 2011, Total’s exploration budget, which has been climbing steadily in recent years, stood at 2.1 billion dollars, a 10% increased compared with 2010. It enabled the discovery of three huge fields in French Guyana, Azerbaijan and Bolivia. Our rate of reserve replacement reached 185% in 2011.

Stable production and a promising outlook

We aim to grow our production by an average of 2.5% per year by 2016. To do that, in addition to replacing reserves, we are counting on getting the most out of the production of existing fields and bringing our projects on stream quickly and at the lowest possible cost.

In 2011, average production of liquid and natural gas was virtually stable (2,346 thousand barrels of oil equivalent (kboe) per day, compared with 2,378 in 2010). The events of the year included halted Libyan production for 7 months and the coming on stream of the deep offshore Pazflor project.

Total’s forecasts are based on an expectation of strong production growth by 2015 (an estimated annual growth rate of 2.5% for the period 2010-2015). This upward shift is linked to a 25% increase in investments in development, which rose to 10 billion euro in 2011. They will allow us to build new facilities and bring the production of 25 major projects on stream, representing a further 600 kboe per day.