Registration document 2007 - Total.com

Costs incurred in oil and gas property acquisition, exploration and development activities
The costs incurred in the Group’s oil and gas property acquisition, exploration and development include both capitalized and expensed
amounts.
(in M€) Consolidated subsidiaries
North Rest of
As of December 31, 2004 Europe Africa America Asia world Total
Proved property acquisition - 2 - - 29 31
Unproved property acquisition - - 5 3 - 8
Exploration costs 99 279 94 29 142 643
Development costs (a) 1,084 1,588 203 379 874 4,128
Total cost incurred 1,183 1,869 302 411 1,045 4,810
As of December 31, 2005
Proved property acquisition - 25 17 - 74 116
Unproved property acquisition - 56 3 - - 59
Exploration costs 108 298 39 15 125 585
Development costs (a) 1,201 1,907 338 491 1,232 5,169
Total cost incurred 1,309 2,286 397 506 1,431 5,929
As of December 31, 2006
Proved property acquisition 58 3 125 - 53 239
Unproved property acquisition - 20 31 240 11 302
Exploration costs 229 538 112 69 204 1,152
Development costs (a) 1,284 2,272 403 544 1,251 5,754
Total cost incurred 1,571 2,833 671 853 1,519 7,447
Equity share in costs of property acquisition, exploration and development
Year ended December 31, 2004 (b) - 56 - - 184 240
Year ended December 31, 2005 (b) - 45 - - 145 190
Year ended December 31, 2006 (b) - 71 - - 716 787
(a) Including asset retirement costs capitalized during the year and any gains or losses recognized upon settlement of asset retirement obligation during the exercise.
(b) Including 56 M€ exploration costs in 2006, 21M€ 2005, and 16 M€ in 2004.
Costs to develop proved undeveloped reserves
The following table sets forth the amounts spent to develop the proved undeveloped reserves in 2004, 2005 and 2006 as well as the
amounts included in the most recent standardized measure of future net cash flow to develop proved undeveloped reserves in each of the
next three years.
Consolidated subsidiaries
(in M€) 2004 2005 2006 2007 (a) 2008 (a) 2009 (a)
Costs to develop proved undeveloped reserves 3,567 4,751 5,128 6,064 5,583 3,796
(a) Estimates.
Appendix 2 – Supplemental oil and gas information (unaudited)
Financial review
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