Total’s oil and natural gas production, of 2.39 million barrels of oil equivalent per day in 2007, is underpinned by a widely diversified asset portfolio of proved reserves of 10.4 billion barrels of oil equivalent* and of proved and probable reserves of 20 billion barrels of oil equivalent**. The Group has exploration and production activities in more than 40 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 93.72 $/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 60 $/b Brent environment, including the portion of heavy oil in the Joslyn field developed by mining. |