-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SsFEZ86ez5nGnjxpRNIxgaZ9oNYpzfEch54NG4pl0AHqcYQtBoiCZFjbtvTCdBoU GYZlu/gj1l3fYOgLkJIMMg== 0000950123-09-040726.txt : 20090903 0000950123-09-040726.hdr.sgml : 20090903 20090903132507 ACCESSION NUMBER: 0000950123-09-040726 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 7 CONFORMED PERIOD OF REPORT: 20090903 FILED AS OF DATE: 20090903 DATE AS OF CHANGE: 20090903 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TOTAL SA CENTRAL INDEX KEY: 0000879764 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10888 FILM NUMBER: 091053099 BUSINESS ADDRESS: STREET 1: 2 PLACE DE LA COUPOLE STREET 2: LA DEFENSE 92078 CITY: PARIS FRANCE STATE: I0 ZIP: 00000 BUSINESS PHONE: 2129693300 MAIL ADDRESS: STREET 1: 2 PLACE DE LA COUPOLE STREET 2: LA DEFENSE 92078 CITY: PARIS FRANCE STATE: I0 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: TOTAL FINA ELF SA DATE OF NAME CHANGE: 20001010 FORMER COMPANY: FORMER CONFORMED NAME: TOTAL FINA SA DATE OF NAME CHANGE: 19990713 FORMER COMPANY: FORMER CONFORMED NAME: TOTAL DATE OF NAME CHANGE: 19960103 6-K 1 x03133e6vk.htm 6-K TOTAL
Table of Contents

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13-a16 OR 15-d16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the months of: August 1 to September 3, 2009
Commission File Number: 1-10888
TOTAL S.A.
(Translation of registrant’s name into English)
2 place Jean Millier
La Défense 6
92400 Courbevoie
France
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F þ       Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o      No þ
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-___.
 
 

 


TABLE OF CONTENTS

SIGNATURES
Exhibit Index
EX-99.1: Bolivia: Total files declaration of commerciality for the Itau field (August 4, 2009)
EX-99.2: Accident at the Total Petrochemicals Plant in Gonfreville, France (August 5, 2009)
EX-99.3: Serious Accident at the Total Petrochemicals Plant in Gonfreville, France (August 5, 2009)
EX-99.4: Total Gabon: First-Half 2009 Financial Results (August 28, 2009)


Table of Contents

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
         
  TOTAL S.A.
 
 
Date: September 3, 2009  By:   /s/ Jérôme Schmittt    
    Name : Jérôme SCHMITT   
    Title :    Treasurer   
 

 


Table of Contents

Exhibit Index
Ø   Exhibit 99.1  Bolivia: Total files declaration of commerciality for the Itau field (August 4, 2009)
 
Ø   Exhibit 99.2: Accident at the Total Petrochemicals Plant in Gonfreville, France (August 5, 2009)
 
Ø   Exhibit 99.3: Serious Accident at the Total Petrochemicals Plant in Gonfreville, France (August 5, 2009)
 
Ø   Exhibit 99.4: Total Gabon: First-Half 2009 Financial Results (August 28, 2009)

 

EX-99.1 2 x03133exw99w1.htm EX-99.1: BOLIVIA: TOTAL FILES DECLARATION OF COMMERCIALITY FOR THE ITAU FIELD (AUGUST 4, 2009) exw99w1
Exhibit 99.1
(TOTAL LOGO)

TOTAL
2, place Jean Millier
La Défense 6
92 400 Courbevoie France
Fax : + 33 (0) 1 47 44 68 21
Isabelle DESMET
Tel.: + 33 (0) 1 47 44 37 76
Paul FLOREN
Tel.: + 33 (0) 1 47 44 45 91
Christine de CHAMPEAUX
Tel.: + 33 (0) 1 47 44 47 49
Michaël CROCHET-VOUREY
Tel.: + 33 (0) 1 47 44 81 33
Sandra DANTE
Tel.: + 33 (0) 1 47 44 46 07
Philippe GATEAU
Tel.: + 33 (0) 1 47 44 47 05
Phénélope SEMAVOINE
Tel.: + 33 (0) 1 47 44 76 29
Lisa WYLER
Tel.: + 33 (0) 1 47 44 38 16
TOTAL S.A.
Capital 5 867 520 185 euros
542 051 180 R.C.S. Nanterre
www.total.com
News Release
Communiqué de Pressee
Bolivia: Total files declaration of commerciality for the Itau field
Paris, August 4, 2009 – Total announces that it has filed a declaration of commerciality with the Bolivian authorities for the Itau gas field.
Itau was discovered in 1999 in Block XX Tarija West and is operated by Total with 75% equity.
The production from this field will be transported using existing infrastructure on the neighbouring San Alberto gas field, operated by Petrobras. Itau is scheduled to start up mid-2010 and its expected production will be 50 million standard cubic feet per day (1.4 million cubic metres per day).
Located in the prolific foothills of the Andean Cordillera, Block XX contains large reserves of gas condensate in fractured sandstones reservoirs of the Devonian period.
Total Exploration and Production in Bolivia
Present in Bolivia since 1996, Total also holds a 15% interest in the San Alberto and San Antonio gas fields, which mainly supply gas to the Brazilian market.
In 2004, the Group discovered the Incahuasi gas field, located on the Ipati license (Total operator with 80% equity). The appraisal of this discovery is currently ongoing following the interpretation of the 3D seismic performed in 2008 and an appraisal well is scheduled to start by the end of the year. With the Incahuasi gas field extending outside the Ipati bloc towards the North, the appraisal well is located on the adjacent block Aquio (Total operator with 80% equity).
In 2008, Total, Gazprom and Yacimentos Petroliferos Fiscales Bolivianos (YPFB) signed a Cooperation Agreement to create a “mixed company” to explore the large Azero block (4,764 square kilometres). Total and Gazprom will be partners with equal stakes in this mixed company.
*******
Total is one of the world’s major oil and gas groups, with activities in more than 130 countries. Its 97,000 employees put their expertise to work in every part of the industry – exploration and production of oil and natural gas, refining and marketing, gas & power and trading. Total is working to keep the world supplied with energy, both today and tomorrow. The Group is also a first rank player in chemicals. www.total.com


 

EX-99.2 3 x03133exw99w2.htm EX-99.2: ACCIDENT AT THE TOTAL PETROCHEMICALS PLANT IN GONFREVILLE, FRANCE (AUGUST 5, 2009) exw99w2
Exhibit 99.2
(TOTAL LOGO)

TOTAL
2, place Jean Millier
La Défense 6
92 400 Courbevoie France
Fax : + 33 (0) 1 47 44 68 21
Isabelle DESMET
Tel.: + 33 (0) 1 47 44 37 76
Paul FLOREN
Tel.: + 33 (0) 1 47 44 45 91
Christine de CHAMPEAUX
Tel.: + 33 (0) 1 47 44 47 49
Michaël CROCHET-VOUREY
Tel.: + 33 (0) 1 47 44 81 33
Sandra DANTE
Tel.: + 33 (0) 1 47 44 46 07
Philippe GATEAU
Tel.: + 33 (0) 1 47 44 47 05
Phénélope SEMAVOINE
Tel.: + 33 (0) 1 47 44 76 29
Lisa WYLER
Tel.: + 33 (0) 1 47 44 38 16
TOTAL S.A.
Capital 5 867 520 185 euros
542 051 180 R.C.S. Nanterre
www.total.com
News Release
Communiqué de Pressee
Accident at the Total Petrochemicals Plant in Gonfreville, France
Paris, August 4, 2009 — Regrettably, three people have been injured, with one requiring hospitalization, following an accident that occurred at 9:14 a.m. this morning at the Total Petrochemicals plant in Gonfreville, France. Eight other people are in a state of shock.
For reasons as yet unexplained, an empty sulfuric acid tank overturned during repairs. There is no risk of contamination.
Updates will be provided as soon as more information becomes available.
*******
Total is one of the world’s major oil and gas groups, with activities in more than 130 countries. Its 97,000 employees put their expertise to work in every part of the industry – exploration and production of oil and natural gas, refining and marketing, gas & power and trading. Total is working to keep the world supplied with energy, both today and tomorrow. The Group is also a first rank player in chemicals. www.total.com


 

EX-99.3 4 x03133exw99w3.htm EX-99.3: SERIOUS ACCIDENT AT THE TOTAL PETROCHEMICALS PLANT IN GONFREVILLE, FRANCE (AUGUST 5, 2009) exw99w3
Exhibit 99.3
(TOTAL LOGO)

TOTAL
2, place Jean Millier
La Défense 6
92 400 Courbevoie France
Fax : + 33 (0) 1 47 44 68 21
Isabelle DESMET
Tel.: + 33 (0) 1 47 44 37 76
Paul FLOREN
Tel.: + 33 (0) 1 47 44 45 91
Christine de CHAMPEAUX
Tel.: + 33 (0) 1 47 44 47 49
Michaël CROCHET-VOUREY
Tel.: + 33 (0) 1 47 44 81 33
Sandra DANTE
Tel.: + 33 (0) 1 47 44 46 07
Philippe GATEAU
Tel.: + 33 (0) 1 47 44 47 05
Phénélope SEMAVOINE
Tel.: + 33 (0) 1 47 44 76 29
Lisa WYLER
Tel.: + 33 (0) 1 47 44 38 16
TOTAL S.A.
Capital 5 867 520 185 euros
542 051 180 R.C.S. Nanterre
www.total.com
News Release
Communiqué de Pressee
Serious Accident at the Total Petrochemicals Plant
in Gonfreville, France
Paris, August 4, 2009 — A serious accident occurred at the Total Petrochemicals plant in Gonfreville, France, at 9:14 a.m. on August 4 when, for reasons as yet unexplained, an empty sulfuric acid tank overturned during repairs. A Total Petrochemicals employee and two contractor employees were injured, two seriously.
Supported by the local fire and emergency services, Total Petrochemicals’ emergency responders provided first aid and transferred the injured to hospitals in Le Havre. One of three was discharged from hospital yesterday afternoon. Eight other people in a state of shock were treated at the site clinic, with the help of the firefighters.
The accident scene was secured by the teams. There is no threat to the environment. As a precaution, work being performed nearby was halted.
We wholeheartedly support the employees and families affected, share their concern and are closely monitoring the condition of the people injured.
*******
Total is one of the world’s major oil and gas groups, with activities in more than 130 countries. Its 97,000 employees put their expertise to work in every part of the industry – exploration and production of oil and natural gas, refining and marketing, gas & power and trading. Total is working to keep the world supplied with energy, both today and tomorrow. The Group is also a first rank player in chemicals. www.total.com


 

EX-99.4 5 x03133exw99w4.htm EX-99.4: TOTAL GABON: FIRST-HALF 2009 FINANCIAL RESULTS (AUGUST 28, 2009) exw99w4
Exhibit 99.4
(TOTAL LOGO)
Société anonyme incorporated in Gabon with a Board of Directors and share capital of $76,500,000
Headquarters: Boulevard Hourq, Port-Gentil, BP 525, Gabonese Republic
www.total-gabon.com
Registered in Port-Gentil: 2000 B 00011
Press Release
First-Half 2009 Results
Port-Gentil — August 28, 2009
Main Financial Indicators
                                                                 
                                    2Q 09                   1H 09
                                        vs.                       vs.
            2Q 09   1Q 09   2Q 08   2Q 08   1H 09   1H 08   1H 08
 
Average Brent price
  $ /b       59.1       44.5       121.2       -51 %     51.7       109.1       -53 %
 
Average Total Gabon crude price
  $ /b       56.1       40.0       111.5       -50 %     48.0       102.4       -53 %
 
Crude oil production from fields operated by Total Gabon
  kb/d     69.5       72.6       78.8       -12 %     71.1       77.2       -8 %
 
Crude oil production from Total Gabon interests1
  kb/d     57.1       59.2       61.8       -8 %     58.1       60.2       -3 %
 
Sales
  $ M       317       225       650       -51 %     541       1,047       -48 %
 
Funds generated from operations
  $ M       140       100       260       -46 %     240       413       -42 %
 
Capital expenditure
  $ M       103       49       129       -20 %     153       239       -36 %
 
Net Income
  $ M       42       20       140       -70 %     62       251       -75 %
 
1   Including the oil tax reverting to the Republic as per the production sharing contracts.
Second-Quarter 2009 Results
Selling Price
In the second quarter, Brent price averaged $59.1 per barrel, down 51% from the prior-year period, but up 33% from the first quarter of 2009.
The selling price of the Mandji and Rabi Light crude oil grades marketed by Total Gabon averaged $56.1 per barrel in the second quarter of 2009, down 50% from $111.5 a year earlier, but up 40% over the first quarter of the year, when it averaged $40.0 per barrel.
Production
Total Gabon’s equity share1 of operated and non-operated oil produced averaged 57.1 thousands barrels per day (kb/d) in the second quarter, down 8% from 61.8 kb/d in the prior-year period and 4% from 59.2 kb/d in first-quarter 2009.
 
1   Including the oil tax reverting to the Republic as per the production sharing contracts.

 


 

Sales
Second-quarter sales amounted to $317 million, down 51% from $650 million in the prior-year period and up 41% from $225 million in first-quarter 2009. The changes can be attributed to fluctuations in average selling prices and in the amount of oil sold in the periods considered.
Net Income
Second-quarter net income declined 70% to $42 million from $140 million in the prior-year period, but more than doubled compared to first-quarter 2009 net income of $20 million. The increase is essentially due to higher sales and lower production costs.
Capital Expenditure
Second-quarter 2009 capital expenditure was mainly directed to a new well stimulation program as part of Anguille’s redevelopment and the drilling of a new development well on Torpille. It totaled $103 million in the second quarter, down from $129 million in the prior-year period and up from $49 million in the first quarter 2009.
Funds Generated from Operations
In light of the above, funds generated from operations amounted to $140 million in the second quarter, a decrease of 46% from the prior-year figure of $280 million and an increase of 40% over the first-quarter 2009 figure of $100 million.
First-Half 2009 Results
Selling Price
Compared to the prior-year period, the average selling price of Brent declined 53%, to $51.7 per barrel, in the first half of 2009.

The selling price of the Mandji and Rabi Light crude oil grades marketed by Total Gabon averaged $48.0 per barrel in the first half of 2009, down 53% from $102.4 a year earlier.
Production
Total Gabon’s equity share2 of operated and non-operated oil produced averaged 58.1 kb/d during the first half 2009. The 3% decrease from the 60.2 kb/d reported in first-half 2008 can be attributed to:
  A 5% decrease resulting from naturally declining output from certain fields, notably Baudroie, Port-Gentil Océan, Coucal and Avocette, which was partially offset by optimizing existing wells and bringing on stream new wells.
  A 2% increase related to shorter-than-anticipated scheduled and unscheduled shutdowns in the first half compared to the prior-year period, for both operated and non-operated production.
Sales
First-half sales amounted to $541 million, down 48% from $1,047 million in the first half of 2008. The decrease was mainly due to lower average selling prices and fluctuations in the amount of oil sold compared to the prior-year period.
Net Income
Net income slid 75% to $62 million from $251 million in the first half of 2008. The decrease was essentially due to the impact of lower selling prices, fluctuations in crude oil inventories and comparable depreciation with the prior-year period.
Capital Expenditure
Capital expenditure stood at $153 million in first-half 2009, down from $239 million in the first half of 2008. The decrease is mainly due to a rephasing of the redevelopment of the Anguille field.
Funds Generated from Operations
In light of the above, funds generated from operations amounted to $240 million on June 30, 2009, meaning the decrease was held to 42% from the figure of $413 million for the prior-year period.
 
2   Including the oil tax reverting to the Republic as per the production sharing contracts.

 


 

Cost Reduction Plan
In an environment affected by a low price of Brent in the early part of the year, Total Gabon implemented an operating expenditure reduction plan, while keeping its commitment to safety and the environment. The plan represents a decrease in operating expenditure of roughly 15% in relation to the initial budget.
The capital expenditure program has also been reviewed and optimized, in particular to capitalize on lower oil service costs. Total Gabon has set a reduction target in excess of $100 million for 2009, amounting to around 25% of the initial budget.
First-Half 2009 Highlights
Shareholder’s Meeting and Dividend
At Total Gabon’s Annual Meeting of Shareholders on May 5, 2009 in Libreville, the payment of a net dividend of $22.50 per share for 2008 was approved, for a total amount of $101 million in 2009.

The dividend was paid out from June 19, 2009 at an equivalent amount of 15.87, based on the European Central Bank’s rate of 0.7054 per $1 on June 5, 2009.
Brent Price and Euro/Dollar Exchange Rate
In the second quarter, Brent price averaged $59.1 per barrel, down 51% from the prior-year period, but up 33% from the first quarter 2009. The euro/dollar exchange rate averaged $1.36 per euro in the second quarter 2009, versus $1.56 in the prior-year period and $1.30 in first-quarter 2009.

Brent averaged $51.7 per barrel in the first half of 2009, down 53% from the prior-year period. The euro-dollar exchange rate averaged $1.33 per euro in the first half of the year, versus $1.53 in first-half 2008.
Operated Activities
Acreage and Exploration
  Acreage: Mbinda Exploration License Relinquished
Appraisal of the residual potential of the 553-square-kilometre Mbinda license revealed that there was nothing to warrant continuing exploration. The acreage was relinquished when the license expired on January 10, 2009. All contractual work commitments had been met. As a result, Total Gabon’s exploration acreage has decreased to 11,185 square kilometres from 11,739 square kilometres.
  Aloumbé License: Aloumbé Profond Exploration Well Temporarily Abandoned
Completed on November 13, 2008, the Aloumbé Deep exploration well (ALP 1) encountered tight sands gas reservoirs, as expected. The main purpose of the well was to assess the productivity of the tight sands, high-pressure reservoirs. Tests and stimulation performed in March 2009 produced very low flow rates and the decision was made to temporarily abandon the well.

All contractual work obligations for the second exploration phase had been met. A request to extend the second exploration phase for a further six months was submitted to the authorities in mid-June 2009 to enable appraisal of the license’s residual potential prior to deciding whether to proceed with the third exploration phase or relinquish the license.
  Diaba License: An Additional 1,215 Kilometres of 2D Seismic
Processing of the seismic shot in first-quarter 2008 in the northeastern area of the license is expected to be completed in September 2009. Interpretation is continuing.

An additional 1,215 kilometres of 2D seismic was shot in April 2009 in the southwestern area of the license.
Anguille Field Redevelopment
Dynamic reservoir modeling continued, incorporating measurements from the wells drilled and stimulated since 2007. These studies aim to improve understanding of the reservoir and enhance its production profile. Development studies also continued with the objective of optimizing the development plan and timetable, as well as sizing the new installations, against a backdrop of economic crisis and lower oil service prices.
After being interrupted in December 2008, fracturing operations for wells drilled in 2008 resumed in April. The work program, which comprises five stimulation operations and one acid well treatment, is expected to be completed in summer 2009. At end-June, four stimulation operations and one acidification operation had been performed.
Work to expand the capacity of existing facilities continued: a 12-inch pipeline was laid between platforms AGM 15

 


 

and AGM PFC to carry production from the new wells. Pipelaying was completed on March 8, 2009.
Other Operated Activities
Drilling of well AGM 65 on the Anguille field began on February 22, 2009 and was completed in early April.
Drilling of well TRM 29 on the Torpille field began in early May 2009 and was completed in early July; its main objective is to appraise the southern area of the field.
Health, Safety and Environment
On March 9, 2009 Total Gabon obtained ISO 14001 environmental certification for all of its exploration and production activities.
Non-Operated Activities
Maurel et Prom-Operated Onal Field
The Maurel et Prom-operated Onal field has been tied into the Total-operated Coucal facility to export production to the Cap Lopez terminal. First oil was in early March, with an initial forecast of 10 kb/d. At June 30, production was averaging 8 kb/d.
Subsequent Events and Outlook
Since the start of the third quarter 2009, oil prices remained above the average of the first six months. The cost reduction plan continues to be implemented.
Production was shut in between July 17, 2009 and 26 due to a strike. Total Gabon lost an estimated 393,000 barrels of equity production, equivalent to less than 2% of annual production.
Press Contact:           Phénélope Sémavoine           + 33 (0) 1 47 44 76 29

 

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