The global population continues to grow. By 2040, there will be 9 billion people on Earth. How can we encourage the economic, social and human development of this growing population? Our response is to deliver affordable and reliable energy in compliance with the highest safety and environmental standards.
Total is Committed to Providing Affordable Energy
- Making sure all our businesses are as cost-effective as possible so as to enable our customers to benefit from economies of scale.
- Focusing on projects with low production and processing costs.
Al-Shaheen: A Giant, Low-Cost Oilfield
Total has acquired an interest in Qatar’s Al-Shaheen offshore concession for a period of 25 years. Due to the low technical costs associated with this giant field, which produces 300,000 barrels of oil per day, it’s possible to achieve economies of scale and produce oil at affordable prices.