Registration document 2007 - Total.com

this zone through its subsidiaries in Congo (26.75%) and in
Angola (10%). TOTAL is operator of the Djeno terminal (63%).
The Moho-Bilondo project is under development, with production
expected to begin in the first half 2008. The production plateau is
expected to reach 90 kb/d. Studies are underway for the
development of previously discovered fields on the other existing
permits, either as satellites to existing facilities (Libondo on PEX)
or as stand-alone projects (Boatou on Haute-Mer C).
Aurige Nord Marine 1, Pegasus North Marine 1 and Andromeda
Marine 1, three discoveries made on the MTPS permit in 2006,
2004 and 2000, respectively, may form the basis for a future
development project. Additional drilling operations are planned to
begin in April 2007. On the Moho-Bilondo permit, the Mobi
Marine 2 well identified two new structures. Drilling for the Moho
North 1 well began in December 2006.
Gabon
Total Gabon is one of the Group’s oldest subsidiaries in sub-
Saharan Africa. The Group’s share of production in 2006 was
87 kboe/d, compared to 98 kboe/d in 2005 and 104 kboe/d in
2004, due to the natural decline of mature fields.
Total Gabon is a Gabonese company whose shares are listed
on Eurolist by Euronext Paris. TOTAL holds 58%, the Republic
of Gabon 25% and the public float is 17%.
Total Gabon holds 26 permits, of which 17 are concessions
under a Convention d’Etablissement, and nine are production
sharing contracts. The Olonga exploration permit and the
Roussette operation permit were relinquished in 2006. The main
producing fields are Rabi Kounga (47.5%), Gonelle (100%),
Baudroie Nord (50%, operator), Atora (40%, operator), Avocette
(57.5%, operator), Anguille (100%) and Torpille (100%).
In 2004, Total Gabon signed an exploration and production
sharing contract for the Aloumbé permit, specifically focused on
natural gas exploration. A second exploration phase, with a
drilling program, started in 2006, after completing the
reprocessing of seismic data and the interpretation of
geophysical/geological data.
In 2006, Total Gabon signed an exploration and production
sharing contract for a new deep-offshore permit, Diaba, covering
an area of 9,075 km 2 off the southern coast of Gabon. Under this
agreement, Total Gabon has an 85% interest in the permit while
the Republic of Gabon has the remaining 15%.
In 2006, Total Gabon also conducted a hydraulic fracturation test
in the Anguille concession as part of redevelopment studies for
the field.
Total Gabon and the government of Gabon are currently
negotiating to extend the Convention d’Etablissement which
expires on June 30, 2007.
(1) Participation in the foreign consortium.
Business overview
Exploration & Production - Upstream
Libya
The Group’s share of production in 2006 reached 84 kboe/d,
the same level as in 2005, and up from 62 kboe/d in 2004.
Production comes from the Mabruk field (75%, operator),
offshore Block C 137 (75% (1) , operator), and Block NC 186
(24% (1) ) and NC 115 (30% (1) ).
Work continued on the complementary development project for
the Mabruk field, agreed to in 2004, and the new facilities are
expected to begin operations in 2007. The Libyan authorities
signed an amendment to the Mabruk agreement early in 2005,
leading to preliminary drilling to develop the deeper Dahra and
Garian zones.
Drilling designed to maintain the production plateau at 40 kboe/d
continued on the Al Jurf field of Block C 137. A second
development phase is currently being studied.
On Block NC 186, the Group is continuing to develop several
previously discovered structures. Structures B and H, which are
currently under development, are expected to enter into
production in 2007. The I, J, and K discoveries were made in
2005 and 2006. Approval for the development of the I structure
is expected to be obtained in 2007.
On Block NC 115, the development of the El Sharara field also
continued. The J and O structures began production in 2004,
and at the same time their capacities increased. Two successful
exploration wells were drilled in 2005 (structures P and R).
Structure R, an extension of structure I from Block NC 186, is
expected to be developed at the same time as structure I,
beginning in 2007.
In the Murzuk Basin in 2006, the Group made a discovery on
Block NC 191 (100%, operator). Late in 2005, TOTAL (60%,
operator) obtained a new permit in the Cyrenaic Basin (Block 42
2/4).
Morocco
Since the termination of the survey agreement on the Dakhla
offshore zone late in 2004, the Group has had no further
exploration and production activities in Morocco.
2
Mauritania
The Group has conducted exploration and production activities in
Mauritania since 2003. In January 2005, TOTAL signed two
production sharing contracts with the Mauritanian government for
onshore Blocks Ta7 and Ta8 in the Taoudenni Basin, representing
a combined total of 58,000 km2 . Following an aerial survey to
obtain magnetic and gravimetric data performed in 2005 and
2006, a 3,000 km 2D seismic campaign was launched in July
2006 for an expected duration of fifteen to eighteen months.
Nigeria
TOTAL has been present in Nigeria since 1962. It operates six
production permits (OML) out of the 43 in which it holds an
interest, and five exploration permits (OPL) out of six in which it
TOTAL – Registration Document 2006 23