Total : Norway: Ekofisk South Brought on Stream in the North Sea

  Total : Norway: Ekofisk South Brought on Stream in the North Sea

Business Wire

PARIS -- October 28, 2013

Regulatory News :

Total (Paris:FP) (LSE:TTA) (NYSE:TOT) announces the start-up of oil production
from the Ekofisk South project in the Norwegian part of the North Sea on
October, 25 approximately two months ahead of schedule. The project will
increase oil recovery in the Ekofisk field, located in the PL 018 license
where Total holds a 39.9% interest.

The production capacity at the Ekofisk South platform is 70,000 barrels of oil
equivalent (boe) per day. The project includes the drilling of 35 new
production wells and eight injection wells.

The plan for development and operation of the Ekofisk South project was
approved by the Norwegian Parliament in June 2011, together with the plan for
the nearby Eldfisk II project in the same license, where production start-up
is scheduled for early 2015.

“Ekofisk came on stream in 1971 and is still one of the largest oil fields in
Norway. TheEkofisk South project is an important building block to extend the
lifespan of Ekofisk for some 40 further years. This start-up, together with
those of Eldfisk II in 2015 and Martin Linge in late 2016, will significantly
increase Total’s production in Norway by 2017”, said Patrice de Viviès,
Total’s Senior Vice President Exploration & Production, Northern Europe.
“Ekofisk South is also the first in a series of major start-ups that will
contribute to the Group’s objective to grow its production potential to 3
million barrels of oil equivalent per day by 2017”.

Ekofisk was discovered in 1969 and is located approximately 300 kilometers off
the Norwegian coast.

The PL 018 partners are Total (39.9%), ConocoPhillips (35.11%, operator),
Eni(12.39%), Statoil (7.6%) and Petoro (5%).

Total Exploration & Production in Norway

Since the late 1960s, the Total Group has played a major role in development
of a large number of Norwegian fields, notably Frigg and Heimdal. Norway was
one of the largest contributors to the Group’s equity production in 2012 with
275,000 barrels of oil equivalent (boe) per day. Total holds interests in 100
production licenses in offshore Norway, 29 as operator.

In January 2012, Total submitted the plan for development and operation for
the Martin Linge field, a stand-alone field development planned to come on
stream in Q4 2016. The plan was approved by the Storting (Norwegian
Parliament) in June 2012.

In October 2012, the Group started-up its Atla gas condensate field located in
license PL 102C in the Norwegian North Sea. Atla was brought into production
two years after its discovery.

Total made or participated in several discoveries in Norway in the past two

  *in mid-2013, the Smørbukk North discovery on Production License 479, in
    the Haltenbanken area of the Norwegian Sea. The estimated volume is in the
    range of 25 to 45 million barrels of recoverable oil equivalent.
  *in 2012, the King Lear discovery on Production Licenses 146 & 333 in the
    Southern sector of the Norwegian North Sea. The estimated volume is in the
    range of 70 to 200 million barrels of recoverable oil equivalent.
  *in 2012, the Garantiana discovery on Production License 554 in the
    Northern North Sea. The estimated volume is in the range of 25 to 75
    million barrels of recoverable oil. The drilling of additional exploration
    and appraisal wells in the license is currently under study.
  *in 2011, the Alve North discovery on Production License 127 in the
    Norwegian Sea, close to existing infrastructure. Appraisal of the
    discovery and near-by exploration is being planned.
  *in 2011, the Norvarg discovery on Production License 535 in the Barents
    Sea. Initial volumes were estimated after the discovery in the range of 10
    to 50 billion standard cubic meters (Sm3) of recoverable gas. An appraisal
    well was drilled in 2013 and resources are currently being reassessed.

Total also increased recently its acreage position on the Norwegian
continental shelf:

  *in June 2013, Total obtained two new licenses, both as operator, at the
    occasion of the 22nd exploration round. The two licenses are located in
    the Barents Sea.
  *in January 2013, Total obtained eight new licenses of which four as
    operator at the occasion of the 2012 (APA) Licensing Round. All these
    licenses are located in the Norwegian North Sea.
  *in the 2011 (APA) Licensing Round, announced in January 2012, Total was
    granted interests in an additional eight licenses in the Norwegian North
    Sea, including five as operator.

Total announced in October 2012 a swap of interests with ExxonMobil in a range
of producing and undeveloped North Sea assets on the Norwegian Continental
Shelf. Following this assets exchange with ExxonMobil, Total’s interest in the
Oseberg field increased from 10% to 14.7% and in the Gina Krog field from
6.54% to 38%.

                                  * * * * *

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 97,000employees 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.

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