Total’s oil and natural gas production, almost 2.4 million barrels of oil equivalent per day, is underpinned by a widely diversified asset portfolio of proved reserves of 11.1 billion barrels of oil equivalent* and of proved and probable reserves of 20.5 billion barrels of oil equivalent**. The Group has exploration and production activities in 42 countries and produces oil and gas in 30 countries. Our E&P employees, who are constantly analyzing sedimentary basins around the world, demonstrate our ethical commitment, expertise and performance in every aspect of the business, from license acquisition to site restoration.
*Based on year-end Brent price of 58.93 $/b ** 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. |