TTA: TOTAL: United Kingdom: Total Resumes Production from the Elgin/Franklin Area in the UK North Sea

  TTA: TOTAL: United Kingdom: Total Resumes Production from the Elgin/Franklin
  Area in the UK North Sea

UK Regulatory Announcement

PARIS

Total (Paris:FP) (LSE:TTA) (NYSE:TOT) announces the restart of production on
the Elgin/Franklin area on 9 March 2013, following the approval of the safety
case by the UK Health and Safety Executive (HSE). Production resumes gradually
and should soon reach close to 70,000 barrels of oil equivalent per day (boed;
approximately 30,000 boed in Total’s share), that is to say 50% of the
production potential from the fields.

In order to recover by 2015 the production level which existed before the
Elgin incident, a redevelopment project envisaging drilling of new infill
wells on Elgin and Franklin is currently under study.

In addition, the West Franklin Phase II development project remains ongoing
with production start-up scheduled for 2014.

Commenting on the restart of the fields, Yves-Louis Darricarrère, President of
Total Upstream, said: “Managing this industrial incident securely for our
personnel and with limited impact on the environment was our priority. The
causes of the incident are now known and all necessary measures have been
taken to enable us to resume production and carry out future exploitation of
the fields from the Elgin/Franklin area in the best safety conditions. Lessons
learnt have been shared with the UK authorities and will also be shared with
the wider industry. We now focus on continuing our development plans to bring
back the full potential from these fields the soonest possible.”

Production from the Elgin/Franklin area, which includes the Elgin, Franklin,
West Franklin and Glenelg fields, totalled over 700 millions of barrels of oil
equivalent (Mboe) by the end of 2012. The remaining reserves are in excess of
500 Mboe and were not impacted by the Elgin incident.

Production was stopped since 25 March 2012 when a gas leak caused by a
combination of several unprecedented events occurred on the G4 well shut-in
several months before. A thorough investigation led by Total revealed that the
leak was caused by a type of stress corrosion which was unique to the G4 well
and was fed from a so far non-producing chalk layer located approximately
1,000 meters above the original reservoir.

The conclusions of this investigation have been taken into account to ensure
that current and future operations are carried out with the utmost safety. A
number of wells will be permanently abandoned and others will be evaluated
additionally.

Total Exploration and Production in the United Kingdom

Total has been present in the United Kingdom since 1962 and is currently one
of the country’s leading oil and gas operators. As such, TEP UK operates
several fields in the Alwyn and the Elgin/Franklin areas as well as the gas
terminal at St Fergus. It also owns interests in several non-operated fields.

Total continues to invest significantly in the UK and develops presently the
Laggan-Tormore project (with an investment of £2.5 billion) and the West
Franklin Phase II project. Additionally, in October 2012 Total obtained nine
new exploration licences during the 27^th licensing round.

In 2012, the Islay gas field started producing in the second quarter of the
year, and TEP UK contributed 5% of the Group’s hydrocarbon production or
106,000 boed in Total’s share.

                                  * * * * *

Total is one of the largest integrated oil and gas companies in the world,
with activities in more than 130countries. The Group is also a first rank
player in chemicals. Its 96,000employees put their expertise to work in every
part of the industry – exploration and production of oil and natural gas,
refining and marketing, new energies, trading, and chemicals. Total is working
to help satisfy the global demand for energy, both today and tomorrow.
www.total.com

TOTAL S.A.
Capital 5914832 865 euros
542 051 180 R.C.S. Nanterre
www.total.com

TOTAL S.A.
Martin DEFFONTAINES
Matthieu GOT
Karine KACZKA
Magali PAILHE
Tel. : (33) 1 47 44 58 53
Fax : (33) 1 47 44 58 24
or
Robert HAMMOND (U.S.)
Robert PERKINS (U.S.)
Tel. : (1) 713-483-5070
Fax: (1) 713-483-5629

Contact:

TOTAL S.A.
 
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