pdf - 504 KB - Total.com
pdf - 504 KB - Total.com
pdf - 504 KB - Total.com
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Financial Transparency<br />
Example of <strong>Total</strong> in the Republic of the Congo<br />
2012
The contractual framework of <strong>Total</strong>’s activities in the Republic of the Congo<br />
<strong>Total</strong> is present in Exploration – Production in the Republic of the Congo, as Operator or Partner on<br />
different licences, through <strong>Total</strong> E&P Congo (TEPC), a Congolese <strong>com</strong>pany with its Head Office in<br />
Pointe Noire.<br />
<strong>Total</strong> E&P Congo (63%) is also Operator of the Djéno oil terminal, which deals with more than 90% of<br />
the country’s oil production.<br />
<strong>Total</strong>’s acreage in the Republic of the Congo as of 31 st December 2011<br />
All licenses are Subject to Production Sharing Regime (PSC)<br />
HAUTE MER ''C''<br />
LOANGO EST<br />
LOANGO OUEST<br />
License<br />
MER TRES PROFONDE SUD<br />
YANGA-SENDJI<br />
KOMBI-LIKALALA-LIBONDO<br />
Decree n°2003-246 of 26/09/2003<br />
PSC n° 19-2004 of 02/12/2004<br />
Decree n°97-135 of 16/05/1992<br />
PSC of 26/11/1997<br />
Decree n°73/169 of 21/05/1973<br />
PSC of 05/12/1995<br />
Decree n°73/169 of 21/05/1973<br />
PSC of 05/12/1995<br />
Decree n°79/659 of 01/12/1979<br />
PSC of 05/12/1995<br />
Decree n° 95-131 of 21/07/1995<br />
PSC of 22/07/1995<br />
* LIANZI Decree of 26/03/2003<br />
ZIC (Unitisation area betw een Offshore PSC Partner 26.75% & 10.00% Decision n° 2006-001 of 09/01/2006<br />
Angola and Congo) PSC of 23 December 2002<br />
MOHO-BILONDO<br />
NKOSSA<br />
NSOKO<br />
PEGASE<br />
TCHIBOUELA<br />
TCHIBELI-LITANZI-LOUSSIMA<br />
TCHENDO<br />
ZATCHI<br />
Type of Field<br />
Type of<br />
contract<br />
<strong>Total</strong>’s role<br />
EXPLORATION LICENCES<br />
Offshore PSC Operator 100.00%<br />
Offshore PSC Operator 40.00%<br />
CONCESSIONS<br />
Offshore PSC Partner 50,00%<br />
Offshore PSC Partner 50,00%<br />
Offshore PSC Operator 55.25%<br />
PRODUCTION LICENCES<br />
Offshore PSC Operator<br />
Interest % Entry Date<br />
65.00%<br />
Offshore PSC Operator 53.5%<br />
Offshore PSC Operator 53.5%<br />
Offshore PSC Operator 53.5%<br />
Offshore PSC Operator 40.00%<br />
Offshore PSC Operator 65.00%<br />
Offshore PSC Operator 65.00%<br />
Offshore PSC<br />
* <strong>Total</strong> E&P Congo 26.75% and <strong>Total</strong> E&P Angola 10.00%<br />
Operator 65.00%<br />
Offshore PSC Partner 35.00%<br />
Decree n° 2005-278 of 24/06/2005<br />
PSC of 21/04/1994<br />
Decree n° 92-323 of 24/06/1992<br />
PSC of 21/08/1994<br />
Decree n° 2003-127 of 26/07/2003<br />
PSC of 21/04/1994<br />
Decree n° 2007-419 of 28/09/07<br />
PSC of 26/11/97<br />
Decree n°85-883 of 08/07/1985<br />
PSC of 05/12/1995<br />
Decree n°95-130 of 21/07/1995<br />
PSC of 22/07/1995<br />
Decree n°88-569 of 30/07/1988<br />
PSC of 05/12/1995<br />
Decree n°86/745 of 03/06/1986<br />
PSC of 05/12/1995
Map of <strong>Total</strong>’s installations in the Republic of the Congo in 2011<br />
<strong>Total</strong>’s production and projects in the Republic of the Congo (1)<br />
Year<br />
<strong>Total</strong>'s SEC* Production<br />
<strong>Total</strong> production Liquids Gas<br />
kboe/d kb/d Mcf/d<br />
2009 106 101 27<br />
2010 120 115 27<br />
2011 123 117 30<br />
* SEC : Securities and Exchange Commission<br />
In the Republic of the Congo, the Group’s production was 123 kboe/d in 2011, <strong>com</strong>pared to 120 kboe/d<br />
in 2010 and 106 kboe/d in 2009.<br />
(1) The information stated in above paragraph is extracted from 2011 Registration Document submitted to the Financial Market<br />
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<br />
development wells continued until 2010. The field reached plateau production of 90 kboe/d in<br />
June 2010.<br />
Two positive appraisal wells (Bilondo Marine 2&3) drilled at yearend 2010 in the southern<br />
portion of the field confirmed an additional growth potential as an extension of existing facilities.<br />
Studies are underway for the development of these additional reserves.<br />
The development of the resources in the northern portion of the field, the potential of which was<br />
bolstered by appraisal and exploration wells drilled in 2008 and 2009, is also being examined<br />
(Moho North project).<br />
– Production on Libondo (65%, operator), which is part of the Kombi-Likalala-Libondo operating<br />
license, started up in March 2011. Plateau production has reached 12 kb/d. A substantial portion<br />
of the equipment was sourced locally in Pointe-Noire through the redevelopment of a<br />
construction site that had been idle for several years.<br />
Taxes and other payments<br />
<strong>Total</strong> E&P Congo paid in cash during 2011 to the Republic of the Congo, royalties and various taxes<br />
amounting to 137 million U.S. dollars, <strong>com</strong>pared to 102 million U.S. dollars in 2010.<br />
But most of the payments made by <strong>Total</strong> E&P Congo are in kind. The Republic of the Congo receives<br />
under the Production Sharing Contracts part of the hydrocarbon production. In 2011, <strong>Total</strong> E&P Congo<br />
has given to the republic 24.2 million barrels (<strong>com</strong>pared to 21.9 million barrels in 2010). <strong>Total</strong> E&P<br />
Congo markets on behalf of the Republic a small portion of these volumes (about 1 million barrels). The<br />
other quantities are sold directly by the Republic.<br />
EITI (Extractive Industries Transparency Initiative) in the Republic of the Congo<br />
The Republic of the Congo was accepted as an EITI Candidate Country at the EITI Board meeting in<br />
Accra on 22 February 2008.<br />
On 9 March 2010, the country applied to extend their deadline for <strong>com</strong>pleting EITI Validation. The EITI<br />
Board agreed to grant the Republic of the Congo an extension. The final Validation report was<br />
submitted to the Board on 9 September 2010.<br />
On 14 December 2010, the EITI Board concluded that the Republic of the Congo has made meaningful<br />
progress in implementing the EITI. The Board agreed that the Republic of the Congo would retain its<br />
status as an EITI Candidate country, subject to a clearly defined and agreed work plan for achieving<br />
<strong>com</strong>pliant status, including a schedule for the next EITI Validation (deadline fixed on the 9 th of<br />
December 2012).<br />
The Republic of the Congo was declared <strong>com</strong>pliant with the EITI standard at the meeting of the EITI<br />
board in Oslo in February, 2013.<br />
(For further information: http://eiti.org/Congo)