|
|
| Costs incurred |
|
|
|
|
|
|
|
 |
 |
 |
 |
 |
 |
 |
 |
| Costs incurred in oil
and gas property acquisition, exploration |
| and development activities |
| The following table shows
the costs incurred in the Company’s oil and gas property acquisition,
exploration and development activities: they include both capitalized
and expensed amounts. |
|
| (in millions of euros) |
|
CONSOLIDATED SUBSIDIARIES |
| |
Europe
|
Africa
|
North
|
Far
|
Rest
|
Total
|
| |
|
|
America
|
East
|
of world
|
Consolidated
|
|
| As of December 31, 1998 |
|
|
|
|
|
|
|
| Proved property acquisition |
19
|
2
|
1
|
-
|
15
|
37
|
| Unproved property acquisition |
1
|
16
|
56
|
1
|
13
|
87
|
| Exploration costs |
187
|
292
|
106
|
67
|
313
|
965
|
| Development costs |
1,524
|
905
|
248
|
375
|
541
|
3,593
|
|
| Total cost incurred |
1,731
|
1,215
|
411
|
443
|
882
|
4,682
|
|
As of December 31, 1999 |
|
|
|
|
|
|
|
| Proved property acquisition |
-
|
3
|
1
|
-
|
2
|
6
|
| Unproved property acquisition |
1
|
202
|
21
|
1
|
1
|
226
|
| Exploration costs |
96
|
193
|
135
|
28
|
181
|
633
|
| Development costs |
1,283
|
934
|
158
|
320
|
1,057
|
3,752
|
|
| Total cost incurred |
1,380
|
1,332
|
315
|
349
|
1,241
|
4,617
|
|
As of December 31, 2000 |
|
|
|
|
|
|
|
| Proved property acquisition |
4
|
-
|
-
|
3
|
-
|
7
|
| Unproved property acquisition |
-
|
5
|
11
|
-
|
-
|
16
|
| Exploration costs |
58
|
246
|
170
|
34
|
213
|
721
|
| Development costs |
1,225
|
920
|
182
|
151
|
1,584
|
4,062
|
|
| Total cost incurred |
1,287
|
1,171
|
363
|
188
|
1,797
|
4,806
|
|
As of December 31, 2001 |
|
|
|
|
|
|
|
| Proved property acquisition |
-
|
13
|
-
|
-
|
12
|
25
|
| Unproved property acquisition |
-
|
10
|
2
|
10
|
131
|
153
|
| Exploration costs |
83
|
214
|
110
|
17
|
346
|
770
|
| Development costs |
1,222
|
1,218
|
364
|
191
|
1,150
|
4,145
|
|
| Total cost incurred |
1,305
|
1,455
|
476
|
218
|
1,639
|
5,093
|
|
Company’s share of equity affiliates’ costs of property acquisition,
exploration and development |
|
| Year ended December 31, 1998 |
|
|
|
|
|
105
|
| Year ended December 31, 1999 |
|
|
|
|
|
82
|
| Year ended December 31, 2000 |
|
|
|
|
|
105
|
|
| Year ended December 31,
2001 |
|
|
|
|
|
132
|
|
Up to year 2000, the development costs related to the upgrader
of the Sincor heavy oil project in Venezuela used to be included
in the capitalized and incurred costs displayed in the FAS 69
amounts. In 2001, TotalFinaElf has taken the position that these
costs do not in fact fall into the FAS 69 perimeter and the
corresponding amounts have been excluded. The amounts displayed
for 1999 and 2000 have not been modified.
The incurred costs related to the upgrader of the Sincor project
in 2000 and 1999 amount respectively to 416 M€ and 339 M€. Excluding
these amounts, the incurred costs would have totalled 1,381
M€ and 902 M€ instead of 1,797 M€ and 1,241 M€ for the "Rest
of the World" zone, and 4,390 M€ and 4,728 M€ instead of
4,806 M€ and 4,617 M€ for the consolidated total. |
|
|
|
