Registration document 2007 - Total.com
Registration document 2007 - Total.com
Registration document 2007 - Total.com
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TOTAL also has a 50% interest in the Saliki exploration block,<br />
which is adjacent to the Mahakam permit.<br />
Late in 2006, a gas discovery, Tunu Great South-1, was made<br />
between the Tunu and Peciko fields on the Mahakam permit.<br />
After the <strong>com</strong>missioning of onshore <strong>com</strong>pression units in 2005,<br />
and the launch the same year of the fifth phase regarding the<br />
installation of a new platform and the drilling of additional wells,<br />
the development of the Peciko field continued in 2006 with the<br />
decision to invest in new <strong>com</strong>pression capacities.<br />
On the neighboring Tunu field, the tenth phase of development<br />
is underway and four additional platforms became operational<br />
in 2006. The eleventh development phase, to install onshore<br />
<strong>com</strong>pression units, was launched in 2005 and is continuing.<br />
A new phase for drilling additional wells was agreed upon late<br />
in 2006.<br />
The project to extend the Tambora field, launched in 2004,<br />
advanced with the <strong>com</strong>missioning of three new platforms by<br />
mid-2006.<br />
Phase 1 of the new Sisi-Nubi offshore development was launched<br />
in 2005 and is ongoing. Gas from Sisi-Nubi is expected to be<br />
produced early in 2008 through existing processing facilities.<br />
Malaysia<br />
Since 2001, TOTAL has held a 42.5% interest in the deepoffshore<br />
Block SKF permit. After drilling an exploration well in<br />
2004, TOTAL reevaluated the exploration potential of the permit<br />
and requested an extension of the exploration period to carry out<br />
additional work, which was obtained in March <strong>2007</strong>.<br />
Myanmar<br />
TOTAL is the operator of the Yadana field (31.2%). The Group’s<br />
share of production was 15 kboe/d in 2006, <strong>com</strong>pared to<br />
13 kboe/d in 2005 and 14 kboe/d in 2004. This field, located on<br />
offshore Blocks M5 and M6, produces natural gas, which is<br />
principally delivered to PTT (Thailand’s state-owned <strong>com</strong>pany)<br />
and used in Thai power plants.<br />
Pakistan<br />
TOTAL (40%, operator) held two ultra-deep offshore exploration<br />
blocks in the Oman Sea. TOTAL relinquished its interests in these<br />
two blocks in 2005 after the Group drilled a dry exploration well<br />
in 2004.<br />
Thailand<br />
The Group’s primary asset in Thailand is the Bongkot gas and<br />
condensates field (33.3%), where its production reached<br />
41 kboe/d in 2006, <strong>com</strong>pared to 40 kboe/d in 2005 and 2004.<br />
PTT (Thailand’s state-owned <strong>com</strong>pany) purchases all the<br />
condensates and natural gas produced.<br />
Phase 3C of development, <strong>com</strong>pleted late in 2005, modified two<br />
existing platforms and installed a new well platform and a<br />
Business overview<br />
Exploration & Production - Upstream<br />
2<br />
desulphurization platform. Production from phase 3E, launched<br />
early in 2005 to create three well platforms, began mid-February<br />
<strong>2007</strong>. A new development phase, 3F, for three new well<br />
platforms was launched early in 2006 and production from this<br />
development phase is expected to begin mid-2008.<br />
Early in <strong>2007</strong>, three new gas discoveries, Ton Chan-1X, Ton<br />
Chan-2X and Ton Rang-2X on Blocks 15 and 16 of the Bongkot<br />
field confirmed the Group’s interest in this concession. The<br />
development plan for these three new discoveries is being<br />
prepared, with production anticipated for as early as 2009.<br />
TOTAL – <strong>Registration</strong> Document 2006 29