The Upstream business encompasses oil and natural gas exploration, development and production, along with our coal, gas and power operations.
 
Total is the world’s fourth largest publicly-traded integrated oil and gas company¹.  In 2006, the Upstream business has invested €9 billion and employed 14,862 people.

Our average daily production of liquids and natural gas was 2.36 million barrels of oil equivalent in 2006. Total is pursuing a strategy of profitable internal growth that should allow us to increase our production of hydrocarbons by more than 5% per year on average over the period 2006-2010. We will leverage a solid and diversified portfolio of proved reserves of 11.1 billion barrels of oil equivalent² and proved and probable reserves of 20.5 billion barrels of oil equivalent as of end-2006.³

Exploration and Production has activities in 42 countries with production in 30 of these countries. Our main production regions are the North Sea, Africa and the Middle East, followed by Southeast Asia and North and South America.

Total has been active in the downstream segment of the gas chain for 60 years (mainly in production). We are also a leader in the gas market, with strong positions in liquefied natural gas (LNG) and fast-growing operations in gas distribution and power generation from combined cycle gas plants and renewable energies in Europe, the Middle East and Latin America.

1.Based on market capitalization as of December 31, 2006
2. Based on a year-end Brent price of 58.93 $/bbl
3. Limited to proved and probable reserves covered by E&P contracts on fields that have been drilled and for which technical studies have demonstrated economic development in a 40 $/b Brent environment, including the portion of heavy oil in the Joslyn field developed by mining.