pdf - 504 KB - Total.com

Financial Transparency
Example of Total in the Republic of the Congo
2012

The contractual framework of Total’s activities in the Republic of the Congo
Total is present in Exploration – Production in the Republic of the Congo, as Operator or Partner on
different licences, through Total E&P Congo (TEPC), a Congolese company with its Head Office in
Pointe Noire.
Total E&P Congo (63%) is also Operator of the Djéno oil terminal, which deals with more than 90% of
the country’s oil production.
Total’s acreage in the Republic of the Congo as of 31 st December 2011
All licenses are Subject to Production Sharing Regime (PSC)
HAUTE MER ''C''
LOANGO EST
LOANGO OUEST
License
MER TRES PROFONDE SUD
YANGA-SENDJI
KOMBI-LIKALALA-LIBONDO
Decree n°2003-246 of 26/09/2003
PSC n° 19-2004 of 02/12/2004
Decree n°97-135 of 16/05/1992
PSC of 26/11/1997
Decree n°73/169 of 21/05/1973
PSC of 05/12/1995
Decree n°73/169 of 21/05/1973
PSC of 05/12/1995
Decree n°79/659 of 01/12/1979
PSC of 05/12/1995
Decree n° 95-131 of 21/07/1995
PSC of 22/07/1995
* LIANZI Decree of 26/03/2003
ZIC (Unitisation area betw een Offshore PSC Partner 26.75% & 10.00% Decision n° 2006-001 of 09/01/2006
Angola and Congo) PSC of 23 December 2002
MOHO-BILONDO
NKOSSA
NSOKO
PEGASE
TCHIBOUELA
TCHIBELI-LITANZI-LOUSSIMA
TCHENDO
ZATCHI
Type of Field
Type of
contract
Total’s role
EXPLORATION LICENCES
Offshore PSC Operator 100.00%
Offshore PSC Operator 40.00%
CONCESSIONS
Offshore PSC Partner 50,00%
Offshore PSC Partner 50,00%
Offshore PSC Operator 55.25%
PRODUCTION LICENCES
Offshore PSC Operator
Interest % Entry Date
65.00%
Offshore PSC Operator 53.5%
Offshore PSC Operator 53.5%
Offshore PSC Operator 53.5%
Offshore PSC Operator 40.00%
Offshore PSC Operator 65.00%
Offshore PSC Operator 65.00%
Offshore PSC
* Total E&P Congo 26.75% and Total E&P Angola 10.00%
Operator 65.00%
Offshore PSC Partner 35.00%
Decree n° 2005-278 of 24/06/2005
PSC of 21/04/1994
Decree n° 92-323 of 24/06/1992
PSC of 21/08/1994
Decree n° 2003-127 of 26/07/2003
PSC of 21/04/1994
Decree n° 2007-419 of 28/09/07
PSC of 26/11/97
Decree n°85-883 of 08/07/1985
PSC of 05/12/1995
Decree n°95-130 of 21/07/1995
PSC of 22/07/1995
Decree n°88-569 of 30/07/1988
PSC of 05/12/1995
Decree n°86/745 of 03/06/1986
PSC of 05/12/1995

Map of Total’s installations in the Republic of the Congo in 2011
Total’s production and projects in the Republic of the Congo (1)
Year
Total's SEC* Production
Total production Liquids Gas
kboe/d kb/d Mcf/d
2009 106 101 27
2010 120 115 27
2011 123 117 30
* SEC : Securities and Exchange Commission
In the Republic of the Congo, the Group’s production was 123 kboe/d in 2011, compared to 120 kboe/d
in 2010 and 106 kboe/d in 2009.
(1) The information stated in above paragraph is extracted from 2011 Registration Document submitted to the Financial Market
Authority (AMF) on the 26 th of March 2012.

– On the Moho Bilondo field (53.5%, operator), which started up in April 2008, drilling of
development wells continued until 2010. The field reached plateau production of 90 kboe/d in
June 2010.
Two positive appraisal wells (Bilondo Marine 2&3) drilled at yearend 2010 in the southern
portion of the field confirmed an additional growth potential as an extension of existing facilities.
Studies are underway for the development of these additional reserves.
The development of the resources in the northern portion of the field, the potential of which was
bolstered by appraisal and exploration wells drilled in 2008 and 2009, is also being examined
(Moho North project).
– Production on Libondo (65%, operator), which is part of the Kombi-Likalala-Libondo operating
license, started up in March 2011. Plateau production has reached 12 kb/d. A substantial portion
of the equipment was sourced locally in Pointe-Noire through the redevelopment of a
construction site that had been idle for several years.
Taxes and other payments
Total E&P Congo paid in cash during 2011 to the Republic of the Congo, royalties and various taxes
amounting to 137 million U.S. dollars, compared to 102 million U.S. dollars in 2010.
But most of the payments made by Total E&P Congo are in kind. The Republic of the Congo receives
under the Production Sharing Contracts part of the hydrocarbon production. In 2011, Total E&P Congo
has given to the republic 24.2 million barrels (compared to 21.9 million barrels in 2010). Total E&P
Congo markets on behalf of the Republic a small portion of these volumes (about 1 million barrels). The
other quantities are sold directly by the Republic.
EITI (Extractive Industries Transparency Initiative) in the Republic of the Congo
The Republic of the Congo was accepted as an EITI Candidate Country at the EITI Board meeting in
Accra on 22 February 2008.
On 9 March 2010, the country applied to extend their deadline for completing EITI Validation. The EITI
Board agreed to grant the Republic of the Congo an extension. The final Validation report was
submitted to the Board on 9 September 2010.
On 14 December 2010, the EITI Board concluded that the Republic of the Congo has made meaningful
progress in implementing the EITI. The Board agreed that the Republic of the Congo would retain its
status as an EITI Candidate country, subject to a clearly defined and agreed work plan for achieving
compliant status, including a schedule for the next EITI Validation (deadline fixed on the 9 th of
December 2012).
The Republic of the Congo was declared compliant with the EITI standard at the meeting of the EITI
board in Oslo in February, 2013.
(For further information: http://eiti.org/Congo)