Continued Growth
With 14 years of reserves, totaling 10.76 billion barrels of oil equivalent, production of 2.12 million boe/d in 2000 that is set to grow more than 30% by 2005, and technical costs trimmed to $ 7.2 per barrel, TotalFinaElf's Upstream segment is on track for fast and profitable growth. The Group, has exploration and production operations in more than 30 countries, and an upstream portfolio of exceptional geographic diversity, with a particularly good balance of assets in OECD and emerging countries. The replacement of reserves is secured by the Group's stakes in major projects with low technical costs, as well as highly promising deepwater blocks.
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