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'JOBODJBM 5SBOTQBSFODZ - total.com · and East Mandu condensate gas fields, other development wells...

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Page 1: 'JOBODJBM 5SBOTQBSFODZ - total.com · and East Mandu condensate gas fields, other development wells are currently being drilled. - On the Sisi-Nubi field, which began production in

2014 Financial TransparencyExample of Total in Indonesia(2013 data)

COMMITED TO BETTER ENERGY

Page 2: 'JOBODJBM 5SBOTQBSFODZ - total.com · and East Mandu condensate gas fields, other development wells are currently being drilled. - On the Sisi-Nubi field, which began production in

Financial Transparency Example of Total in Indonesia

The contractual framework of Total’s activities in Indonesia TOTAL EXPLORATION and PRODUCTION INDONESIE (TEPI) is one of the Group’s largest exploration and production subsidiaries and the largest operator in Indonesia in terms of production. In 2013 TEPI production of 131 kboe/d was the seventh largest contributor to the Group’s Production, representing nearly 6% of the total. This production comes almost entirely from the Mahakam PSC area. Licenses portfolio of TOTAL in Indonesia as of December 31, 2013

License Type of Contract Total's Role Interest (%) Entry Date

Bengkulu-I Mentawai PSC Operator 100.0 09/11/2012

Telen PSC Operator 100.0 09/11/2012

Mahakam PSC Operator 50.0 31/03/1997

South East Mahakam PSC Operator 50.0 21/03/2007

Tengah PSC Operator 22.5 05/10/1988

South West Bird's Head PSC Operator 90.0 01/05/2011

Nilam and Badak Units PSC Partner various various

Arafura Sea PSC Partner 24.5 21/12/2009

Amborip VI PSC Partner 24.5 21/12/2009

Sebuku PSC Partner 15.0 30/04/2010

GMB Kutai Timur PSC Partner 50.0 01/04/2011

GMB Kutai II PSC Partner 18.4 10/12/2012

Sadang PSC Partner 30.0 03/05/2011

Sageri PSC Partner 50.0 03/05/2011

South Sageri PSC Partner 100.0 03/05/2011

South Mandar PSC Partner 49.3 31/08/2011

Page 3: 'JOBODJBM 5SBOTQBSFODZ - total.com · and East Mandu condensate gas fields, other development wells are currently being drilled. - On the Sisi-Nubi field, which began production in

Financial Transparency Example of Total in Indonesia

Total’s production and projects in Indonesia (1)

Total’s SEC* Production

Year Total Liquids Natural gas

kboe/d kb/d Mcf/d

2011 158 18 757

2012 132 16 605

2013 131 17 605

* SEC : Securities and Exchange Commission

In Indonesia, where TOTAL has had operations since 1968, the Group’s production in 2013 was 131 kboe/d compared to 132 kboe/d in 2012 and 158 kboe/d in 2011. TOTAL’s operations in Indonesia are primarily concentrated on the Mahakam permit (50%, operator), which covers in particular the Peciko and Tunu gas fields. TOTAL also has a stake in the Sisi-Nubi gas field (47.9%, operator). The Group delivers most of its natural gas production to the Bontang LNG plant. The overall capacity of the eight liquefaction trains at this plant is 22 Mt/y.

In 2013, TOTAL’s gas production operations amounted to 1,757 Mcf/d. This value is down from the 2012 production level (1,871 Mcf/d) due to the maturity of most of the fields on the Mahakam permit, even though this decline was partially offset in 2013 by an increase in production in the South Mahakam fields. The gas operated and delivered by TOTAL accounted for approximately 80% of

(1)

The information stated in above paragraph is extracted from 2013 Registration Document submitted to the Financial Market Authority (AMF)

on the 27th of March 2014.

Page 4: 'JOBODJBM 5SBOTQBSFODZ - total.com · and East Mandu condensate gas fields, other development wells are currently being drilled. - On the Sisi-Nubi field, which began production in

Financial Transparency Example of Total in Indonesia

Bontang’s LNG supply. This gas production is supplemented by condensate and oil production from the Handil and Bekapai fields, which are operated by the Group.

– With regard to the Mahakam permit: - On the Tunu field, in 2013, additional development wells were drilled in the main reservoir as well as

in the shallow gas reservoirs. - On the Peciko field, Phase 7 drilling, which started in 2009, is continuing. - On South Mahakam, where production started in 2012 and which contains the Stupa, West Stupa

and East Mandu condensate gas fields, other development wells are currently being drilled. - On the Sisi-Nubi field, which began production in 2007, drilling operations are continuing within the

framework of a second phase of development. The gas from Sisi-Nubi is produced through Tunu’s processing facilities.

– On the Sebuku license (15%), production started at the Ruby gas field in October 2013. Production

capacity is estimated at 100 Mcf/d. Ruby’s production is transported by pipeline for processing and separation at the Senipah terminal operated by TOTAL.

– On the Sageri exploration Block (50%), the first exploration well (Lempuk-1X), completed in early 2012, produced negative results. The license is currently being relinquished.

– On the South East Mahakam exploration Block (50%, operator), the Tongkol South-1 exploration well, completed in September 2013, produced negative results.

– In 2013, TOTAL took the necessary steps vis-à-vis the authorities to withdraw from the Sadang (30%),

Arafura Sea (24.5%) and Amborip VI (24.5%) Blocks. In addition, and following the withdrawal of the other partners, the Group’s stake in the South Sageri Block increased from 45% to 100% (operator), while its share in the South Mandar Block increased from 33% to 49.3%.

– In February 2013, TOTAL sold 10% in the South West Bird’s Head exploration Block (90%, operator).

This block is located onshore and offshore in the Salawati basin in the province of West Papua. Results from the Anggrek Hitam 1 exploration well, where drilling was completed in September 2013, were negative.

– In 2012, TOTAL acquired a 100% stake in the exploration Block Bengkulu I – Mentawai in the

offshore Bengkulu basin, southwest of Sumatra. The preparatory work on the Rendang 1 exploration well started at the end of 2013 and drilling start-up is planned in July 2014. The Group also acquired a stake in the exploration Block Telen (100%, operator) in the offshore Kutai basin in East Kalimantan province.

– In 2011, the Group acquired an 18.4% stake in a coal bed methane (CBM) block on Kutai II in East

Kalimantan province as well as a 50% stake in the similar Kutai Timur Block.

Taxes In 2013, TEPI paid to the State, 973 million dollars in Corporate Tax and Dividend Tax compared to 1,082 million dollars in 2012. The State also receives a share of hydrocarbon production under the Mahakam Production Sharing Contract. As such, in 2013, TEPI remitted to the State 7.9 Mb of oil (including 0.9 Mb under the Domestic Market Obligation) and 105.2 Bcf of gas.

EITI (Extractive Industries Transparency Initiative) in Indonesia In 2009 the Government of Indonesia announced its intention to work towards EITI compliance and to make an application to become an EITI candidate. The Presidential Regulation no. 26/2010 was signed into force on April 23, 2010 setting a clear path for

Page 5: 'JOBODJBM 5SBOTQBSFODZ - total.com · and East Mandu condensate gas fields, other development wells are currently being drilled. - On the Sisi-Nubi field, which began production in

Financial Transparency Example of Total in Indonesia

Indonesia’s implementation of EITI. On October 19, 2010, Indonesia was admitted as an EITI candidate country and published a first EITI report on April 23, 2013 covering the financial year 2009. A second report EITI covering financial years 2010-2011 was in June 2014. The multi-stakeholder Group (MSG), which includes government, civil society and industry representatives, has not yet produced a revised workplan for 2014 in accordance with the EITI Standard. Indonesia submitted a final validation report in July 2013. On October 17, 2013, the EITI Board concluded that Indonesia has made meaningful progress in implementing the EITI.


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