BUSINESS PROSPECTS IN DEEP WATER EXPLORATION IN MYANMAR

ASEAN ENERGY BUSINESS FORUM 2016, 21-23 September Nay Pyi Taw

XAVIER PREEL GM Total E&P Myanmar

2

DEVELOPPING AND SUPPLYING RELIABLE GAS FLOWFOR THE BENEFIT OF MYANMAR AND ITS CUSTOMERS

1992 Production Sharing Contract Signed with MOGE

1995 Yadana Construction Starts

1996 Socio Economic Program Starts

1998 1st Export Gas Delivery to PTT

2000 1st Commercial Production (Export + Domestic Supply)

2005 Complete Well Platform 3 (WP3)

2009 Complete Medium Compression Platform (MCP)

2010 Offshore domestic pipeline start-up

2011 Launch Yadana Subsidence Project

2012 Acquisition of 40% interest in Offshore Block M11

2014 Launch LCP-BADAMYAR Project (gas plateau extension)

2015 Award of YWB block to TEPM– Deep Offshore exploration

2015 Acquisition of 40% interest in Deep Offshore Block A6

Consortium Partners

• TEPM (France) : 31.2% (operator)

• Chevron (US) : 28.3%

• PTT-EP (Thailand) : 25.5%

• MOGE (Myanmar) : 15.0%

M5-M6 Joint Venture

Shwe Yee Htun-1

Thalin-1A

DEEP OFFSHORE GAS IS NOW PROVEN2 DISCOVERIES MADE EARLY 2016

Shwe Yee Htun discovery (4th january 2016) • 2000 m water depth • Woodside 40% / TOTAL 40 % / MPRL 20% • Appraisal planned 1H2017

Thalin discovery (february 2016) • 800 m water depth • Daewoo 60% / Woodside 40 % • Appraisal planned 1H2017

Last year : we had hopes

Now, we know there is gas

Technological expertise needed• To develop these discoveries• To minimize development cost • To make sure gas will be affordable

3

DEEP OFFSHORE: FROM R&D TO GLOBAL LEADERSHIP40 YEARS OF CONSTANT INNOVATION & INTERNATIONAL AWARDS…

2017Kaombo

(1400-1900m)

R&D

1983 2001 2002 20061979

1st SPS in North Sea

North East Frigg Rosa(1400m)

Girassol(1400m)

1st DW FPSO in West Africa

Canyon Express(2200m)

2008 2011

Moho Bilondo(540-740m)

Pazflor(900m)

Subsea separation & pumping modules

Deep Offshore Subsea Developments

2009

Akpo(1350m)

2012

Usan(750-800m)

2016

CLOV(1100-1400m)1st all electrical

systems

2014

Egina(1600m)

Dalia(1400m)

2007

2015 award

Moho North(650-1100m)

BRINGING OUR GLOBAL DEEP WATER LEADERSHIP AND OUR GLOBAL GAS/LNG LEADERSHIP TO MYANMAR

6

ADRESSING THE ISSUES FACED BY MYANMARTOGETHER WITH MOE/MOGE, THE OIL & GAS SECTOR AND THE PEOPLE OF MYANMAR

Enabling the first offshore gas development • PSC terms• Gas Sale Agreements

Developing Human Resources

Developing Local Oil & Gas Industry

Implementing comprehensive Corporate Social Responsibility• Yadana Pipeline Area, National Programs • Extractive Industry Transparency Initiative, VPSHR principles,…

Now, Bringing Deep Offshore and Gas/LNG global leadership to the next phase of Myanmar Oil & Gas developments

COMMITTED TO BETTER ENERGY

7

DISCLAIMER AND COPYRIGHT RESERVATION

The TOTAL GROUP is defined as TOTAL S.A. and its affiliates and shall include the party making the presentation.

Disclaimer

This presentation may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, business, strategy and plans of Total that are subject to risk factors and uncertainties caused by changes in, without limitation, technological development and innovation, supply sources, legal framework, market conditions, political or economic events.

Total does not assume any obligation to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise. Further information on factors which could affect the company’s financial results is provided in documents filed by the Group with the French Autorité des Marchés Financiers and the US Securities and Exchange Commission.

Accordingly, no reliance may be placed on the accuracy or correctness of any such statements.

Copyright

All rights are reserved and all material in this presentation may not be reproduced without the express written permission of the Total Group.

8

National Staff development• Myanmar nationals : ~85% of TEPM staff• 12 Myanmar nationals on international assignment

Training• Approx. 3,000 man-days of training annually• TEPM Technical Training Center for operators & technicians • Continuously invested in training Myanmar nationals since 1995

Social standards in line with TOTAL policy• Medical coverage • Life and disability insurance • Retirement , Personal loan schemes,…

Employee dialogue• Staff representatives (last election held in May 2014)• Regular staff information meetings• Regular employee satisfaction survey (“TOTAL survey”)

HUMAN RESOURCES DEVELOPMENT

MyanmarNationals

88% Expatriates12%

Contracted staff = 625

MyanmarNationals

85% Expatriates15%

TEPM staff = 338

Figures as of 1st Jan 2016

9

CORPORATE SOCIAL RESPONSIBILITY YADANA PIPELINE AREA : 38 000 persons, 33 villages

Program Objectives• Reduce health vulnerability of the local communities• Improve access to education and professional skills• Develop income-generating activities• Access to Energy

A worldwide CSR reference : a Myanmar asset • Community participation in defining projects• Village Communication Committees (420 members)• Local skills development : ensure programs sustainability

NATIONAL PROGRAMS with NGO’s and Authorities• HIV care, Blind Prevention, Vocational Training…

ACTIVE SUPPORT TO GOVERNANCE INITIATIVES• MEITI active participant : Myanmar official candidate (july 14)• VPSHR : 1st ever conference in Myanmar (june 15)

10

STANDING BY MYANMAR PEOPLE IN HARDSHIP TIME

Latest example of our commitment towards Myanmar People

• Staff Donation to Myanmar Red Cross Society

• Total E&P Myanmar Donation to International Federation of Red Cross (IFRC) : 100 000 US$

• Total E&P Myanmar Donation to Myanmar Red Cross Society : 500 much needed Awango Solar Kits