0001193125-13-254197.txt : 20130611 0001193125-13-254197.hdr.sgml : 20130611 20130611090417 ACCESSION NUMBER: 0001193125-13-254197 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 28 CONFORMED PERIOD OF REPORT: 20130610 FILED AS OF DATE: 20130611 DATE AS OF CHANGE: 20130611 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TOTAL S.A. CENTRAL INDEX KEY: 0000879764 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 000000000 STATE OF INCORPORATION: I0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10888 FILM NUMBER: 13905098 BUSINESS ADDRESS: STREET 1: 2 PLACE JEAN MILLIER STREET 2: LA DEFENSE 6 CITY: COURBEVOIE STATE: I0 ZIP: 92400 BUSINESS PHONE: 33147444546 MAIL ADDRESS: STREET 1: 2 PLACE JEAN MILLIER STREET 2: ARCHE NORD COUPOLE/REGNAULT CITY: PARIS LA DEFENSE CEDEX STATE: I0 ZIP: 92078 FORMER COMPANY: FORMER CONFORMED NAME: TOTAL SA DATE OF NAME CHANGE: 20030508 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 6-K 1 d550959d6k.htm FORM 6-K Form 6-K

 

 

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: March 14, 2013 to June 7, 2013

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  x            Form 40-F  ¨

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):         

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):         

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  ¨             No  x

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:    Launch of Shams 1, The World’s Largest Concentrated Solar Power Plant, Abu Dhabi, UAE
EX 99.2:    Total Sells 25% Interest in Italy’s Tempa Rossa Field to Mitsui, Italy
EX 99.3:    Total inaugurates its new Pangea supercomputer, ranking it among the global top ten in terms of computing power, France
EX 99.4:    Total Launches Moho Nord Development, Republic of the Congo
EX 99.5:    Total quarterly ex-dividend dates for dividend 2014, France
EX 99.6:    Total sells its 49% interest in the Voyageur Upgrader project to partner Suncor Energy, Canada
EX 99.7:    2012 Annual Reports, France
EX 99.8:    Veolia Environnement and Total Inaugurate Osilub Recycling Plant in Normandy that Regenerates Used Oil as High-End Engine Oil, France
EX 99.9:    Annual Shareholders’ Meeting (ordinary and extraordinary) on Friday, May 17, 2013, France
EX 99.10    Ivoire-1X exploration well on Block CI-100 encountered a horizon with high-quality oil, Ivory Coast
EX 99.11:    First Quarter 2013 Results, France
EX 99.12:    Total announces its interim dividend for the first quarter 2013, France
EX 99.13:    Techdrill—TOTAL S.A., France
EX 99.14:    Total Recognized by Peers for Its Deep Offshore Expertise, France
EX 99.15:    Total wins 10 exploration licenses during Brazil’s 11th Bid Round, Brazil
EX 99.16:    Ordinary and Extraordinary Shareholders’ meeting of May 17, 2013, France
EX 99.17:    Qatar Petroleum International (QPI) and Total seal a strategic partnership, Congo
EX 99.18:    Total sanctions a major project to modernize the Antwerp refining and petrochemical platform, Belgium
EX 99.19:    The Port Arthur Steam Cracker in Texas is Now Processing Ethane from Shale Gas, United States
EX 99.20:    Total S.A confirms resolution of U.S. investigation, United States
EX 99.21:    Total announces its decision in a competition between ad agencies: Publicis Conseil for Corporate and BETC for Marketing & Services, France


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: June 10, 2013     By:   /s/ Humbert de Wendel
     

Name: Humbert de WENDEL

Title: Treasurer


EXHIBIT INDEX

 

Ø EXHIBIT 99.1: Abu Dhabi, UAE: Launch of Shams 1, The World’s Largest Concentrated Solar Power Plant (March 17, 2013)

 

Ø EXHIBIT 99.2: Italy: Total Sells 25% Interest in Italy’s Tempa Rossa Field to Mitsui (March 18, 2013)

 

Ø EXHIBIT 99.3: France: Total inaugurates its new Pangea supercomputer, ranking it among the global top ten in terms of computing power (March 21, 2013)

 

Ø EXHIBIT 99.4: Republic of the Congo : Total Launches Moho Nord Development (March 22, 2013)

 

Ø EXHIBIT 99.5: France: Total quarterly ex-dividend dates for dividend 2014 (March 27, 2013)

 

Ø EXHIBIT 99.6: Canada: Total sells its 49% interest in the Voyageur Upgrader project to partner Suncor Energy (March 28, 2013)

 

Ø EXHIBIT 99.7: France: 2012 Annual Reports (March 28, 2013)

 

Ø EXHIBIT 99.8: France: Veolia Environnement and Total Inaugurate Osilub Recycling Plant in Normandy that Regenerates Used Oil as High-End Engine Oil (April 11, 2013)

 

Ø EXHIBIT 99.9: France: Annual Shareholders’ Meeting (ordinary and extraordinary) on Friday, May 17, 2013 (April 24, 2013)

 

Ø EXHIBIT 99.10: Ivory Coast: Ivoire-1X exploration well on Block CI-100 encountered a horizon with high-quality oil (April 25, 2013)

 

Ø EXHIBIT 99.11: France: First Quarter 2013 Results (April 26, 2013)

 

Ø EXHIBIT 99.12: France: Total announces its interim dividend for the first quarter 2013 (April 26, 2013)

 

Ø EXHIBIT 99.13: Techdrill—TOTAL S.A. (April 30, 2013)

 

Ø EXHIBIT 99.14: France: Total Recognized by Peers for Its Deep Offshore Expertise (May 6, 2013)

 

Ø EXHIBIT 99.15: Brazil: Total wins 10 exploration licenses during Brazil’s 11th Bid Round (May 16, 2013)

 

Ø EXHIBIT 99.16: France: Ordinary and Extraordinary Shareholders’ meeting of May 17, 2013 (May 17, 2013)

 

Ø EXHIBIT 99.17: Congo: Qatar Petroleum International (QPI) and Total seal a strategic partnership in Congo (May 22, 2013)

 

Ø EXHIBIT 99.18: Belgium: Total sanctions a major project to modernize the Antwerp refining and petrochemical platform (May 22, 2013)

 

Ø EXHIBIT 99.19: United States: The Port Arthur Steam Cracker in Texas is Now Processing Ethane from Shale (May 23, 2013)

 

Ø EXHIBIT 99.20: United States: Total S.A confirms resolution of U.S. investigation (May 29, 2013)

 

Ø EXHIBIT 99.21: France: Total announces its decision in a competition between ad agencies: Publicis Conseil for Corporate and BETC for Marketing & Services (May 31, 2013)
EX-99.1 2 d550959dex991.htm EXHIBIT 99.1 Exhibit 99.1

Exhibit 99.1

 

LOGO

Press Release

Launch of Shams 1,

The World’s Largest Concentrated Solar Power Plant

The inauguration of Shams 1, a 100-megawatt solar thermal plant, is a major milestone

in the development and deployment of renewable energy in the Middle East

Abu Dhabi, UAE: March 17, 2013—Masdar, along with its partners, today launched Shams 1, the largest concentrated solar power plant (CSP) in operation in the world. Masdar, Abu Dhabi’s renewable energy company, partnered with French energy company Total and Spain’s energy infrastructure company Abengoa. The 100-megawatt solar-thermal project will power thousands of homes in the United Arab Emirates and displace approximately 175,000 tons of CO2 per year. The US $600 million project took three years to build.

“The inauguration of Shams 1 is a major breakthrough for renewable energy in the Middle East,” said Dr. Sultan Ahmed Al Jaber, CEO of Masdar. “Just like the rest of the world, the region is faced with meeting its rising demand for energy, while also working to reduce its carbon footprint. Shams 1 is a significant milestone, as large-scale renewable energy is proving it can deliver electricity that is sustainable, affordable and secure.”

Located in the UAE’s Western Region, in the emirate of Abu Dhabi, Shams 1 was designed and developed by Shams Power Company, a joint venture between Masdar (60 percent), Total (20 percent) and Abengoa Solar (20 percent). With the addition of Shams 1, Masdar’s renewable energy portfolio accounts for almost 68 percent of the Gulf’s renewable energy capacity and nearly 10 percent of the world’s installed CSP capacity.

“Abu Dhabi is investing and incubating a new energy industry, domestically and internationally,” said Dr. Al Jaber. “Through Masdar, the UAE is redefining the role it plays in providing the world with energy. From precious hydrocarbon exports to sophisticated renewable energy systems, we are balancing the energy mix and diversifying our economy – moving toward a more sustainable future. Today, the UAE is the only OPEC nation delivering both hydrocarbons and renewable energy to the international market.”

Shams 1 is an example of how collaboration between companies can achieve large-scale, clean-energy solutions that help meet the world’s growing energy demands.

“As a long-lasting partner of Abu Dhabi, we are particularly proud to have been part of the challenging adventure that was Shams 1 construction. This is a major step in the process of transforming the capabilities of solar power in the region,” said Christophe de Margerie, chairman and CEO of Total. “We share Abu Dhabi’s vision that renewables have a promising future alongside fossil energies. Total is today a world leader in solar industry. As such, we are pleased to accompany the Emirate in the diversification of its energy mix.”


Covering an area of 2.5 km², or 285 football fields, Shams 1 generates electricity to power 20,000 homes in the UAE. Also, because solar power is generated during peak demand, the UAE is able to reduce the need for “peak shaving” generators, which are expensive and idle most of the year.

“The Middle East holds nearly half of the world’s renewable energy potential,” said Santiago Seage, CEO of Abengoa Solar. “The abundance of solar energy is an opportunity to integrate sustainable, clean sources of power that address energy security and climate change. The region needs more projects like Shams 1, and we look forward to pushing the boundaries of future energy.”

Incorporating the latest in parabolic trough technology, Shams 1 features more than 258,000 mirrors mounted on 768 tracking parabolic trough collectors. By concentrating heat from direct sunlight onto oil-filled pipes, Shams 1produces steam, which drives a turbine and generates electricity. In addition, the solar project uses a booster to heat steam as it enters the turbine to dramatically increase the cycle’s efficiency. The project also includes a dry-cooling system that significantly reduces water consumption – a critical advantage in the arid desert of western Abu Dhabi.

A source of great pride, the Western Region of Abu Dhabi is the centre of the country’s hydrocarbon industry and represents the roots of its Bedouin heritage. With the addition of Shams 1, the region is evolving. Today, alongside oil fields, renewable energy and civil nuclear power is being developed to support the country’s long-term energy requirements.

###

About Masdar

Masdar is Abu Dhabi’s renewable energy company advancing the development, commercialisation and deployment of clean energy technologies and solutions. The company serves as a link between today’s fossil fuel economy and the energy economy of the future. Backed by the Mubadala Development Company PJSC, the strategic investment company of the government of Abu Dhabi, Masdar is dedicated to the Emirate’s long-term vision for the future of energy.

For more information about Masdar, please visit: www.masdar.ae

Stay connected: facebook.com/masdar.ae and twitter.com/masdar

About Total

Total is a leading international oil and gas company with operations in more than 130 countries. The Group is also a world-class chemical producer. Its 96,000 employees put their expertise to work in every part of the industry - exploration and production of oil and natural gas, refining and marketing, new energies, trading and chemicals. Total is working to keep the world supplied with energy, both today and tomorrow.


Total is striving to diversify its supply to help meet growing energy demand in the long term. The Group, which holds a 66% stake in SunPower, is a world leader in solar energy. Additionally, Total is actively engaged in a number of renewable R&D projects, such as solar and biomass.

About Abengoa

Abengoa (MCE: ABG) is an international company that applies innovative technology solutions for sustainable development in the energy and environment sectors, generating electricity from the sun, producing biofuels, desalinating sea water and recycling industrial waste. (www.abengoa.com)

Media contacts:

Masdar

Omar Zaafrani: +971 2 653 3333

ozaafrani@masdar.ae

Total

Florent Segura: +336 17 05 61 28

florent.segura@total.com

Abengoa

Communications Department contact

Patricia Malo de Molina Meléndez

Tel. +34 954 93 71 11

E-mail: communication@abengoa.com

Investor Relations contact

Bárbara Zubiría Furest

Tel: +34 954 937 111

E-mail: ir@abengoa.com

EX-99.2 3 d550959dex992.htm EXHIBIT 99.2 Exhibit 99.2

Exhibit 99.2

 

LOGO    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

Charles-Etienne LEBATARD

Tel.: + 33 (0) 1 47 44 45 91

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS des FRANCS

Tel.: + 33 (0) 1 47 44 47 05

Sandra DANTE

Tel.: + 33 (0) 1 47 44 46 07

Vincent GRANIER

Tel.: + 33 (0) 1 41 35 90 30

Paul NAVEAU

Tel. : + 33 (0) 1 41 35 22 44

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Anastasia ZHIVULINA

Tel.: + 33 (0) 1 47 44 76 29

TOTAL S.A.

Capital 5 914 832 865 euros

542 051 180 R.C.S. Nanterre

www.total.com

 

Total Sells 25% Interest in Italy’s Tempa Rossa Field to Mitsui

Paris, March 18, 2013— Total today announces that it has finalized an agreement to sell a 25% interest in the Tempa Rossa field, located in the Basilicata region of southern Italy, to Mitsui E&P Italia A S.r.l. The Group is retaining a 50% interest in the Gorgoglione concession and operatorship. Shell holds the remaining 25%.

The transfer of interests will take effect after the Italian authorities have approved the transaction.

We are very pleased with this transaction, which further strengthens the ties between Total and Mitsui,” said Olivier de Langavant, Senior Vice President, Strategy, Business, Development and R&D at Total Exploration & Production. “It is another step toward achieving the asset disposal objectives announced by Total for the period 2012-2014.

The Tempa Rossa field is scheduled to come on stream in early 2016, producing 50,000 barrels of oil per day at plateau, along with 230,000 cubic meters of natural gas and 240 metric tons of LPG per day. Italy’s oil production will increase nearly 40% as a result.

The development represents an investment of €1.6 billion. Total awarded the EPC contracts in 2012.

Total in Italy

Total is present across the oil value chain and in chemicals and photovoltaic solar energy in Italy. Total E&P Italia SpA, the Group’s local exploration and production affiliate, also has interests in five exploration licenses located in the same region as the Tempa Rossa project.

Total’s main presence in the Marketing & Services sector is through TotalErg, Italy’s number three petroleum product operator with a nearly 12% market share.

* * * * *

Total is one of the largest integrated oil and gas companies in the world, with activities in more than 130 countries. The Group is also a first rank player in chemicals. Its 96,000 employees put their expertise to work in every part of the industry – exploration and production of oil and natural gas, refining and marketing, new energies, trading, and chemicals. Total is working to help satisfy the global demand for energy, both today and tomorrow. www.total.com

 
EX-99.3 4 d550959dex993.htm EXHIBIT 99.3 Exhibit 99.3

Exhibit 99.3

 

LOGO    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

Charles-Etienne LEBATARD

Tel.: + 33 (0) 1 47 44 45 91

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS des FRANCS

Tel.: + 33 (0) 1 47 44 47 05

Sandra DANTE

Tel.: + 33 (0) 1 47 44 46 07

Vincent GRANIER

Tel.: + 33 (0) 1 41 35 90 30

Paul NAVEAU

Tel. : + 33 (0) 1 41 35 22 44

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Anastasia ZHIVULINA

Tel.: + 33 (0) 1 47 44 76 29

TOTAL S.A.

Capital 5 914 832 865 euros

542 051 180 R.C.S. Nanterre

www.total.com

 

Total inaugurates its new Pangea supercomputer, ranking it among the

global top ten in terms of computing power

Paris, March 21, 2013—Total is inaugurating tomorrow, Friday 22 March 2013, the new high-performance computer of its Scientific and Technical Centre in Pau which now ranks the Group among the top ten international companies in terms of computing power. The event will take place in the presence of Lionel Beffre, Prefect of the Pyrénées-Atlantiques department, and Yves-Louis Darricarrère, Upstream President.

This investment is intended to gain in time and in precision for modelling the subsurface and simulating the behaviour of reservoirs.

“We are proud of this leap forward in our performance which positions us in the vanguard of high technology at international level. This supercomputer – 15 times more powerful than its predecessor – has been specifically designed to meet the main technical challenges facing our industry. Its intensive computing capacity constitutes a key competitive asset that is an integral part of the Group’s bold exploration strategy,” says Yves-Louis Darricarrère.

The supercomputer, which represents an investment of €60 million over four years, was commissioned on 17 January for the Seismic Imagery and Interpretation department of Total’s Centre for hydrocarbon research. It will be used as a tool to assist decision-making in the exploration of complex geological areas and to increase the efficiency of hydrocarbon production in compliance with the safety standards and with respect for the environment.

Designed by SGI (Silicon Graphics International), the Pangea supercomputer has a computing capacity of 2.3 Pflops1. Its unique computing architecture is based on over 110,000 calculation cores, 7 Pb2 storage capacity and an innovative cooling system whose circuit is integrated with the processors. Requiring 2.8 MW of electric power, the heat generated by this supercomputer is recovered, making it possible to heat the totality of the Scientific and Technical Centre. Link to the virtual visit to Pangea

The Group plans to double the power of its computer by 2015.

* * * * *

Total is one of the largest integrated oil and gas companies in the world, with activities in more than 130 countries. The Group is also a first rank player in chemicals. Its 96,000 employees put their expertise to work in every part of the industry – exploration and production of oil and natural gas, refining and marketing, new energies, trading, and chemicals. Total is working to help satisfy the global demand for energy, both today and tomorrow. www.total.com

 

1 

A petaflop is equal to a million billion operations per second; the computing capacity of Pangea is equivalent to that of 27,000 office computers altogether.

2 

A petabyte is equal to a million billion bytes; the storage capacity of Pangea is the equivalent of

1.75 million DVDs.

 
EX-99.4 5 d550959dex994.htm EXHIBIT 99.4 Exhibit 99.4

Exhibit 99.4

 

LOGO    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

Charles-Etienne LEBATARD

Tel.: + 33 (0) 1 47 44 45 91

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS des FRANCS

Tel.: + 33 (0) 1 47 44 47 05

Sandra DANTE

Tel.: + 33 (0) 1 47 44 46 07

Vincent GRANIER

Tel.: + 33 (0) 1 41 35 90 30

Paul NAVEAU

Tel. : + 33 (0) 1 41 35 22 44

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Anastasia ZHIVULINA

Tel.: + 33 (0) 1 47 44 76 29

TOTAL S.A.

Capital 5 914 832 865 euros

542 051 180 R.C.S. Nanterre

www.total.com

Total Launches Moho Nord Development in the Republic of the Congo

Paris, March 22, 2013—Total, operator of the Moho-Bilondo license, today announces the final investment decision and EPC contract awards for the Moho Nord development, consisting of the Moho-Bilondo Phase 1bis and Moho Nord projects. First oil is expected in 2015, with output reaching 140,000 barrels of oil equivalent per day (boe/d) in 2017. The joint development represents an investment of US$10 billion.

Located approximately 75 kilometers from Pointe-Noire and 25 kilometers west of N’Kossa in water depths ranging from 450 to 1,200 meters, the Moho Nord project will target additional reserves in the southern part of the license (Phase 1bis) and new reserves in the northern part (Moho Nord). The additional reserves are estimated at approximately 485 million barrels of oil equivalent.

The development of Moho Nord marks another milestone in Total’s long established presence in the Republic of the Congo and leverages our demonstrated expertise in successfully managing major projects, especially in the deep offshore. The launch enhances visibility on Total’s production growth objective,” commented Yves-Louis Darricarrère, President of Total Upstream.

The project is the latest step in developing the license, following on from Moho-Bilondo Phase 1E, brought on stream in 2008.

For Phase 1bis, a total of 11 subsea wells in the Miocene will be tied back to the existing FPU on Moho-Bilondo, whose processing capacity will be increased by 40,000 boe/d. For Moho Nord, 17 subsea wells targeting Miocene reservoirs will be drilled and tied back to a new floating production unit (FPU) and 17 more subsea wells targeting Albian reservoirs will be developed from a new build tension leg platform. Before being exported by pipeline to the onshore Djeno Terminal, the new production will be processed on the FPU, which will have a capacity of 100,000 boe/d.

 

 


 

 

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

Charles-Etienne LEBATARD

Tel.: + 33 (0) 1 47 44 45 91

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS des FRANCS

Tel.: + 33 (0) 1 47 44 47 05

Sandra DANTE

Tel.: + 33 (0) 1 47 44 46 07

Vincent GRANIER

Tel.: + 33 (0) 1 41 35 90 30

Paul NAVEAU

Tel. : + 33 (0) 1 41 35 22 44

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Anastasia ZHIVULINA

Tel.: + 33 (0) 1 47 44 76 29

TOTAL S.A.

Capital 5 914 832 865 euros

542 051 180 R.C.S. Nanterre

www.total.com

The installations have been designed to limit environmental impact. Measures include eliminating flaring under normal operating conditions and reinjecting all produced water.

As part of the project, Total will promote local content by encouraging development of the regional industrial base.

Total E&P Congo, the Group’s wholly owned subsidiary, operates the Moho-Bilondo license with a 53.5% interest, alongside state-owned Société Nationale des Pétroles du Congo (15%) and Chevron Overseas Congo (31.5%).

Total Exploration & Production in the Republic of the Congo

Present in the Republic of the Congo since 1968, Total is the country’s leading oil producer. Total E&P Congo operates 10 of the 22 fields developed, accounting for nearly 60% of national output. The Group’s net equity production averaged 113,000 boe/p in 2012.

In the Republic of the Congo, as in all countries where it operates, Total fully recognizes its responsibilities to local communities and in the area of environmental protection. The Group is supporting long-term projects in the country focused on education, public health, local economic development and the environment.

* * * * *

Total is one of the largest integrated oil and gas companies in the world, with activities in more than 130 countries. The Group is also a first rank player in chemicals. Its 96,000 employees put their expertise to work in every part of the industry – exploration and production of oil and natural gas, refining and marketing, new energies, trading, and chemicals. Total is working to help satisfy the global demand for energy, both today and tomorrow. www.total.com

* * * * *

Cautionary Note to U.S. Investors — The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to separately disclose proved, probable and possible reserves that a company has determined in accordance with the SEC rules. We may use certain terms in this press release, such as estimated additional reserves, that the SEC’s guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 1-10888 available from us at TOTAL S.A. — Tour Coupole — 2, place Jean Millier — Arche Nord Coupole/Regnault — 92078 Paris La Défense Cedex — France, or at our website: www.total.com. You can also obtain this form from the SEC by calling 1-800-SEC-0330 or on the SEC’s website: www.sec.gov

 

 

EX-99.5 6 d550959dex995.htm EXHIBIT 99.5 Exhibit 99.5

Exhibit 99.5

 

LOGO    LOGO

 

 

 

2, place Jean Millier

La Défense 6

92 400 Courbevoie France

Tel. : (33) 1 47 44 58 53

Fax : (33) 1 47 44 58 24

Martin DEFFONTAINES

Matthieu GOT

Karine KACZKA

Magali PAILHE

Robert HAMMOND (U.S.)

Robert PERKINS (U.S.)

Tel. : (1) 713-483-5070

Fax : (1) 713-483-5629

TOTAL S.A.

Capital 5 914 832 865 euros    

542 051 180 R.C.S. Nanterre

www.total.com

Total quarterly ex-dividend dates for dividend 2014

Paris, March 27, 2013—Subject to decisions by the Board of Directors and shareholders at the Annual Meeting to approve the financial statements and the final dividend, the ex-dividend dates of the quarterly interim dividends and the final dividend for 2014 will be:

 

   

September 23, 2014,

 

   

December 15, 2014,

 

   

March 23, 2015,

 

   

June 8, 2015.

The above ex-dividend dates relate to Total shares traded on the Euronext Paris.

As a reminder, the ex-dividend dates of the quarterly interim dividends and the final dividend for 2013 relative to Total shares traded on the Euronext Paris will be:

 

   

September 24, 2013,

 

   

December 16, 2013,

 

   

March 24, 2014,

 

   

June 2, 2014.

* * * * *

Total is one of the largest integrated oil and gas companies in the world, with activities in more than 130 countries. The Group is also a first rank player in chemicals. Its 96,000 employees put their expertise to work in every part of the industry – exploration and production of oil and natural gas, refining and marketing, new energies, trading, and chemicals. Total is working to help satisfy the global demand for energy, both today and tomorrow. www.total.com

 

 

EX-99.6 7 d550959dex996.htm EXHIBIT 99.6 Exhibit 99.6

Exhibit 99.6

 

LOGO    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

Charles-Etienne LEBATARD

Tel.: + 33 (0) 1 47 44 45 91

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS des FRANCS

Tel.: + 33 (0) 1 47 44 47 05

Sandra DANTE

Tel.: + 33 (0) 1 47 44 46 07

Vincent GRANIER

Tel.: + 33 (0) 1 41 35 90 30

Paul NAVEAU

Tel. : + 33 (0) 1 41 35 22 44

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Anastasia ZHIVULINA

Tel.: + 33 (0) 1 47 44 76 29

TOTAL S.A.

Capital 5 914 832 865 euros

542 051 180 R.C.S. Nanterre

www.total.com

Canada: Total sells its 49% interest in the Voyageur Upgrader project

to partner Suncor Energy

Paris, March 28, 2013—Following the decision not to proceed with the Voyageur Upgrader project located in Northern Alberta, Total announces that it has reached an agreement to sell its entire 49% interest in the Voyageur Upgrader Limited Partnership to Suncor Energy Inc, which owns the remaining 51%. The transfer of interest for cash is effective immediately.

The oil market environment in the North America has changed significantly. The emergence of an abundance of light oil and condensates produced in the region will increase tremendously the supply of diluents for mining projects and consequently impact upgrader projects in the area. Following a thorough review of its assets shared with Suncor Energy Inc in Canada, Total concluded that the investment in the Voyageur project was no longer justified from a strategic and economic point of view.

Price of the transaction amounts to 0.5 B$ and, as a consequence of this disposal and taking into account all past investments, a net loss of 1.65 B$ will be reflected in Total’s intermediate consolidated financial statements for the first quarter of 2013. With this decision, Total will also save more than 5 B$ of investment in the next 5 years.

“The satisfaction of our strict investment criteria is essential to launch a project and to optimize our portfolio” said Yves-Louis Darricarrère, President Upstream at Total. “The Fort Hills and Joslyn mining projects are not impacted by the decision to withdraw from the Voyageur project, and Total remains totally committed to playing a significant role in Canada’s future oil sands development”.

Total Exploration & Production in Canada

Total E&P Canada is operator of the Joslyn project, with a 38.25% interest, currently in the engineering review phase. Total also owns a 39.2% interest in the Fort Hills oil sands mining project operated by Suncor Energy. The final investment decision for Fort Hills is expected within the late 2013 timeframe.

Total possesses a 50% interest in the Surmont SAGD[1] project operated by ConocoPhillips Canada. Phase 1 production currently averages 26,000 barrels of bitumen per day, with Phase 2 currently under construction to reach an eventual production plateau of approximately 130,000 barrels of bitumen per day from 2015 onwards. Additional development phases are under study.

 

 

[1] 

Steam Assisted Gravity Drainage

 

 


 

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

Charles-Etienne LEBATARD

Tel.: + 33 (0) 1 47 44 45 91

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS des FRANCS

Tel.: + 33 (0) 1 47 44 47 05

Sandra DANTE

Tel.: + 33 (0) 1 47 44 46 07

Vincent GRANIER

Tel.: + 33 (0) 1 41 35 90 30

Paul NAVEAU

Tel. : + 33 (0) 1 41 35 22 44

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Anastasia ZHIVULINA

Tel.: + 33 (0) 1 47 44 76 29

TOTAL S.A.

Capital 5 914 832 865 euros

542 051 180 R.C.S. Nanterre

www.total.com

Total also owns 50% and is operator of the Northern Lights Project with partner Sinopec.

Total E&P Canada’s operations are founded on a total commitment to safety, environmental responsibility and creating shared value in the communities in which it operates. Its offices are located in Calgary and Fort McMurray, both in the province of Alberta.

* * * * *

Total is one of the largest integrated oil and gas companies in the world, with activities in more than 130 countries. The Group is also a first rank player in chemicals. Its 96,000 employees put their expertise to work in every part of the industry – exploration and production of oil and natural gas, refining and marketing, new energies, trading, and chemicals. Total is working to help satisfy the global demand for energy, both today and tomorrow. www.total.com

 

 

EX-99.7 8 d550959dex997.htm EXHIBIT 99.7 Exhibit 99.7

Exhibit 99.7

 

LOGO    LOGO

 

 

 

2, place Jean Millier

Arche Nord Coupole/Regnault

92400 Courbevoie France

Tel. : (33) 1 47 44 58 53

Fax : (33) 1 47 44 58 24

Martin DEFFONTAINES

Matthieu GOT

Karine KACZKA

Magali PAILHE

Robert HAMMOND (U.S.)

Robert PERKINS (U.S.)

Tel. : (1) 713-483-5070

Fax : (1) 713-483-5629

TOTAL S.A.

Capital 5 914 832 865 euros

542 051 180 R.C.S. Nanterre

www.total.com

2012 Annual Reports

Paris, March 28, 2013

 

 

 

The Company’s annual report (Document de référence) for the year ended December 31, 2012, was filed with the French Financial Markets Authority (Autorité des marchés financiers) on Thursday, March 28, 2013. Copies of this document and an English translation (Registration Document) are available free of charge, pursuant to applicable law, and can be downloaded from the Company’s website (www.total.com, under the heading Investor/Publications). Printed copies are also available at the Company’s headquarters at 2, place Jean Millier, Arche Nord Coupole/Regnault, 92400 Courbevoie, France.

The following documents are included in the Document de référence: the 2012 annual financial report, the report by the Chairman of the Board of Directors required under Article L.225-37 of the French Commercial Code (corporate governance, internal control and risk management) and the reports from the independent auditors.

 

 

The Company’s annual report on Form 20-F for the year ended December 31, 2012, was filed with the United States Securities and Exchange Commission (SEC) on Thursday, March 28, 2013. The Form 20-F can be downloaded from the Company’s website (www.total.com, under the heading Investors/Publications), or from the SEC’s website (www.sec.gov). Printed copies of the Form 20-F can be requested free of charge at www.total.com (under the heading Investors/Contact).

* * * * *

Total is one of the largest integrated oil and gas companies in the world, with activities in more than 130 countries. The Group is also a first rank player in chemicals. Its 96,000 employees put their expertise to work in every part of the industry – exploration and production of oil and natural gas, refining and marketing, new energies, trading, and chemicals. Total is working to help satisfy the global demand for energy, both today and tomorrow. www.total.com

 

 

EX-99.8 9 d550959dex998.htm EXHIBIT 99.8 Exhibit 99.8

Exhibit 99.8

 

LOGO    LOGO

Gonfreville l’Orcher, France — April 12, 2013

PRESS RELEASE

Veolia Environnement and Total Inaugurate Osilub Recycling Plant in

Normandy (France) that Regenerates Used Oil as High-End Engine Oil

 

   

€55 million invested, of which 35% for local contractors.

 

   

45 direct jobs created, 120 during construction. 

 

   

Processing capacity of 120,000 metric tons of oil a year, or nearly 50% of the volume of used oil generated in France each year.

 

   

A recycling yield of around 75%, among the best in the world. 

Veolia Environnement and Total today inaugurated the Osilub plant at the Gonfreville l’Orcher site in Normandy, France. Completed after 20 months of construction work, the new plant expands engine oil treatment capacity in France and, more broadly, northwestern Europe, to regenerate used oil as high-end engine oils.

“Developing innovative industrial solutions to convert waste into new resources is a cornerstone of the new Veolia that we are building. Our success in this area will be shared with our customers and partners, who are working with us to safeguard the environment. The virtuous cycle model developed in synergy with Total to regenerate used engine oil at the Osilub plant offers a compelling example of a forward-looking industry initiative that supports both economic growth and sustainable development,” commented Antoine Frérot, Chief Executive Officer of Veolia Environnement. “The intentional choice of Le Havre reflects our deep industrial roots in this region, where we have invested nearly €90 million over the past five years.”

“Total is a major player active across the whole lubricant life cycle. Osilub’s innovative process will optimally regenerate used oil to offer customers superior quality products as part of a virtuous ‘circular economy.’ Energy efficiency is a core priority at Total, because it offers a response to today’s environmental challenges and allows us to conserve valuable fossil fuel resources,” said Philippe Boisseau, President of Marketing & Services and New Energies at Total. “Osilub is also a new chapter for Total in Normandy. We have a number of facilities in the region and are investing substantially there, especially in the integrated Normandy platform, comprising a refinery and a benchmark petrochemical plant.”

Several years of research underpin the wiped-film vacuum distillation process deployed by Osilub, which preserves the oil molecules and ensures high yields when recycling fine chemical products. The base stock produced by Osilub will be treated in dedicated facilities, including the Normandy refinery, and reused in high-end engine oils that meet the latest standards.


This industrial project supports sustainable development, in line with the European Union’s emphasis on recycling. It also consolidates the presence in the Normandy region of Total and Veolia Environnement, two key business and industry players locally.

About Veolia Environnement

Veolia Environnement (Paris Euronext: VIE and NYSE: VE) is the worldwide reference in environmental services. With more than 220,000 employees*, the company provides tailored solutions to meet the needs of municipal and industrial customers in three complementary segments: water management, waste management and energy management. Veolia Environnement recorded revenue of €29.4 billion in 2012*. www.veolia.com

 

* Excluding Veolia Transdev employees and revenues currently under divestment.

About Total

Total is a leading international oil and gas company with operations in more than 130 countries. It is also a world-class chemical producer. 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, new energies, trading and chemicals — to keep the world supplied with energy, both today and tomorrow.

Total has a number of industrial sites in the Normandy region, including the integrated Normandy platform, which since January 2013 has comprised the Normandy refinery and the Gonfreville petrochemical plant. Total is investing €1 billion to upgrade the platform and adapt the facilities to changing demand.

Total also has a research and technology center in Gonfreville, a special fluids plant in Oudalle, two lubricant manufacturing plants, in Rouen and Nourrey-en-Bessin, a lubricants logistics platform in Rouen, and a container production plant in Gonfreville.

Press Contacts

Florent SEGURA – Total

Tel : 06 17 05 61 28

Email : florent.segura@total.com

Clément LEVEAUX – Veolia Propreté

Tel : 06 15 02 34 41

Email : cleveaux@sarpindustries.fr

EX-99.9 10 d550959dex999.htm EXHIBIT 99.9 Exhibit 99.9

Exhibit 99.9

 

LOGO    LOGO

 

 

 

2, place Jean Millier

Arche Nord Coupole/Regnault

92 400 Courbevoie France

Tel. : (33) 1 47 44 58 53

Fax : (33) 1 47 44 58 24

Martin DEFFONTAINES

Matthieu GOT

Karine KACZKA

Magali PAILHE

Robert HAMMOND (U.S.)

Robert PERKINS (U.S.)

Tel. : (1) 713-483-5070

Fax : (1) 713-483-5629

TOTAL S.A.

Capital 5 914 832 865 euros

542 051 180 R.C.S. Nanterre

www.total.com

Annual Shareholders’ Meeting (ordinary and extraordinary)

on Friday, May 17, 2013

Paris, April 24, 2013—The Annual Shareholders’ Meeting (ordinary and extraordinary) of TOTAL S.A. will be held at the Palais des Congrès (2, place de la Porte Maillot, 75017 Paris, France) on Friday, May 17, 2013, at 10:00 a.m.

Notices of the meeting and proposed resolutions have been published in accordance with applicable laws and are available on the Company’s website www.total.com, (under the heading Individual Shareholders/ Shareholders’ Meetings).

Additional documents and information regarding this meeting will be made available to shareholders in accordance with applicable laws.

* * * * *

Total is one of the largest integrated oil and gas companies in the world, with activities in more than 130 countries. The Group is also a first rank player in chemicals. 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, new energies, trading, and chemicals. Total is working to help satisfy the global demand for energy, both today and tomorrow. www.total.com

 

 

EX-99.10 11 d550959dex9910.htm EXHIBIT 99.10 Exhibit 99.10

Exhibit 99.10

 

LOGO    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

Charles-Etienne LEBATARD

Tel.: + 33 (0) 1 47 44 45 91

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS des FRANCS

Tel.: + 33 (0) 1 47 44 47 05

Sandra DANTE

Tel.: + 33 (0) 1 47 44 46 07

Vincent GRANIER

Tel.: + 33 (0) 1 41 35 90 30

Paul NAVEAU

Tel. : + 33 (0) 1 41 35 22 44

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Anastasia ZHIVULINA

Tel.: + 33 (0) 1 47 44 76 29

TOTAL S.A.

Capital 5 914 832 865 euros

542 051 180 R.C.S. Nanterre

www.total.com

Ivory Coast: Ivoire-1X exploration well on Block CI-100

encountered a horizon with high-quality oil

April 25, 2013—Total announces that the Ivoire-1X exploration well, located in the western portion of Block CI-100 in 2,280 meters of water, encountered 28 meters of net oil pay in a series of about 100 meters of Cretaceous reservoirs. The oil in the abrupt margin geological play is light 35 API oil.

Operated by Total E&P Côte d’Ivoire, Ivoire-1X is the first well drilled on the CI-100 block. It was drilled to a total depth of 5,044 meters.

The well confirms the extension into Block CI-100 of the already proved active petroleum system in the prolific Tano basin, home to several fields, including Jubilee in Ghana.

The data acquired during drilling is being analyzed to develop an appraisal program for the reservoirs discovered and explore identified prospects further east in the block, near recent discoveries in Ghana.

Total E&P Côte d’Ivoire operates the block with a 60% interest, alongside Yam’s Petroleum LLC (25%) and Petroci Holding (15%).

Total Exploration & Production in Côte d’Ivoire

Total also has interests in three other ultra-deep offshore exploration licenses (CI-514, CI-515, CI-516) in Ivory Coast.

* * * * *

Total is one of the largest integrated oil and gas companies in the world, with activities in more than 130 countries. The Group is also a first rank player in chemicals. 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, new energies, trading, and chemicals. Total is working to help satisfy the global demand for energy, both today and tomorrow. www.total.com

 

 

EX-99.11 12 d550959dex9911.htm EXHIBIT 99.11 Exhibit 99.11

Exhibit 99.11

 

LOGO    LOGO

 

 

 

 

 

2, place Jean Millier

Arche Nord Coupole/Regnault

92 400 Courbevoie France

Tel. : (33) 1 47 44 58 53

Fax : (33) 1 47 44 58 24

Martin DEFFONTAINES

Matthieu GOT

Karine KACZKA

Magali PAILHE

Robert HAMMOND (U.S.)

Robert PERKINS (U.S.)

Tel. : (1) 713-483-5070

Fax : (1) 713-483-5629

TOTAL S.A.

Capital 5 914 832 865 euros

542 051 180 R.C.S. Nanterre

www.total.com

Paris, April 26, 2013

First quarter 2013 results1

 

     1Q13      1Q12     

Change

vs 1Q12

 

Adjusted net income2

        

- in billion euros (B€)

     2.9         3.1         -7

- in billion dollars (B$)

     3.8         4.0         -6

- in euros per share

     1.26         1.36         -7

- in dollars per share

     1.67         1.78         -7

Net income3 of 1.5 B€ in the first quarter 2013

        

Net-debt-to-equity ratio of 25.9% on March 31, 2013

        

Upstream production of 2,323 kboe/d in the first quarter 2013

        

1Q13 interim dividend of 0.59 €/ share payable in September 20134

        

Commenting on the results, Christophe de Margerie, Chairman and CEO said :

« The Group delivered solid results of 2.9 billion euros in adjusted net income for the first quarter, illustrating the Group’s many strengths.

In the UK North Sea, the Group internalized lessons learned to successfully restart the Elgin-Franklin fields in March. With the launch of the Moho Nord project, the most significant of its kind in the Republic of Congo, the Group will deploy innovative deep-offshore technologies, further demonstrating the Group’s ability to expand its horizons while respecting the social and environmental commitments inherent to its operations.

The Group’s commitment to strict investment discipline was evidenced, in particular, by the sale of its interest in the Voyageur upgrader in Canada following a comprehensive review of strategic options.

Finally, in the downstream, the quality of the results generated in the first quarter highlights the progress made in implementing the optimization programs.

With this ability to adapt to an evolving environment and opportunity set, Total continues to progress with confidence toward achieving its goals. »

 

 

1 

Following the application of revised accounting standard IAS 19 effective January 1, 2013, the information for 2012 and 2011 has been restated; however, the impact on such restated results is not significant (see note 1 of the notes to the consolidated financial statements).

2 

Definition of adjusted results on page 2 – dollar amounts represent euro amounts converted at the average €-$ exchange rate for the period: 1.3206 $/€ in the 1st quarter 2013, 1.3108 $/€ in the 1st quarter 2012, 1.2967 $/€ in the 4th quarter 2012.

3 

Group share.

4 

The ex-dividend date will be September 24, 2013. Pending approval at the May 17, 2013, Annual Shareholders Meeting, the remaining 0.59 €/share dividend for 2012 will be paid June 27, 2013.

 

 

1


 

Key figures5

 

in millions of euros

except earnings per share and number of shares

   1Q13      4Q12      1Q12      1Q13 vs
1Q12
 

Sales

     48,130         49,868         51,168         -6

Adjusted operating income from business segments

     5,779         5,819         6,788         -15

Adjusted net operating income from business segments

     3,114         3,320         3,262         -5

•     Upstream

     2,466         2,686         3,057         -19

•     Refining & Chemicals

     383         367         64         x6   

•     Marketing & Services

     265         267         141         +88

Adjusted net income

     2,863         3,041         3,080         -7

Adjusted fully-diluted earnings per share (euros)

     1.26         1.34         1.36         -7

Fully-diluted weighted-average shares (millions)

     2,269         2,270         2,265         -   

Net income (Group share)

     1,537         2,341         3,668         -58

Investments6

     5,984         6,623         5,940         +1

Divestments

     616         1,566         1,690         -64

Net investments

     5,368         5,057         4,250         +26

Cash flow from operations

     3,718         5,865         5,267         -29

Adjusted cash flow from operations

     5,209         5,691         5,095         +2

In millions of dollars7

except earnings per share and number of shares

   1Q13      4Q12      1Q12      1Q13 vs
1Q12
 

Sales

     63,560         64,664         67,071         -5

Adjusted operating income from business segments

     7,632         7,545         8,898         -14

Adjusted net operating income from business segments

     4,112         4,305         4,276         -4

•     Upstream

     3,257         3,483         4,007         -19

•     Refining & Chemicals

     506         476         84         x6   

•     Marketing & Services

     350         346         185         +89

Adjusted net income

     3,781         3,943         4,037         -6

Adjusted fully-diluted earnings per share (euros)

     1.67         1.74         1.78         -7

Fully-diluted weighted-average shares (millions)

     2,269         2,270         2,265         -   

Net income (Group share)

     2,030         3,036         4,808         -58

Investments6

     7,902         8,588         7,786         +1

Divestments

     813         2,031         2,215         -63

Net investments

     7,089         6,557         5,571         +27

Cash flow from operations

     4,910         7,605         6,904         -29

Adjusted cash flow from operations

     6,879         7,380         6,679         +3

 

 

5 

Adjusted results are defined as income using replacement cost, adjusted for special items, excluding the impact of changes for fair value. Adjusted cash flow from operations is defined as cash flow from operations before changes in working capital at replacement cost; adjustment items are on page 15 and the inventory valuation effect is explained on page 12.

6 

Including acquisitions.

7 

Dollar amounts represent euro amounts converted at the average €-$ exchange rate for the period.

 

2


 

Main events since the start of the first quarter 2013

 

   

Launched the development of Moho Nord in the Republic of Congo

 

   

Restarted production at Elgin-Franklin in the UK North Sea

 

   

Exploration well Ivoire-1X on block CI-100 in the Ivory Coast encountered a horizon with high-quality oil.

 

   

Expanded exploration acreage by obtaining permits in offshore Cyprus

 

   

Finalized an agreement to acquire an additional 6% in the Ichthys LNG project in Australia

 

   

Sold of a 49% stake in the Voyageur project in Canada and finalized the sale of a 9.99% indirect interest in Block 14 offshore Angola

 

   

Announced the sale of a 25% interest in Tempa Rossa in Italy

 

   

Signed agreement with a consortium of buyers for the sale of TIGF, a natural gas transportation and storage affiliate in France

 

   

Received a binding offer and entered into exclusive negotiations for the sale by Total of its fertilizers business subsidiary GPN SA

 

 

First quarter 2013 results

    > Operating income from business segments

In the first quarter 2013, the Brent price averaged 112.6 $/b, a decrease of 5% compared to the first quarter 2012 and an increase of 2% compared to the fourth quarter 2012. The European refining margin indicator (ERMI) averaged 26.9 $/t, an increase of 29% compared to the first quarter 2012, but a decrease of 21% compared to the fourth quarter 2012. The environment for petrochemicals improved in Europe thanks to a decline in feedstock costs, yet demand continued to be weak.

The euro-dollar exchange rate averaged 1.32 $/€ in the first quarter 2013, compared to 1.31 $/€ in the first quarter 2012 and 1.30 $/€ in the fourth quarter 2012.

In this environment, the adjusted operating income8 from business segments was 5,779 M€, a decrease of 15% compared to the first quarter 2012. Expressed in dollars, there was a decrease of 14%. This decrease is essentially due to the decrease in Upstream results compared to the first quarter 2012, which was partially offset by improved results from Refining & Chemicals and Marketing & Services.

The effective tax rate9 for the business segments was 58.1% in the first quarter 2013 compared to 60.1% in the first quarter 2012, essentially due to an increased contribution of downstream activities to the pre-tax results of the Group.

Adjusted net operating income from the business segments was 3,114 M€ for the first quarter 2013 compared to 3,262 M€ in the first quarter 2012, a decrease of 5%.

Expressed in dollars, the adjusted net operating income from the business segments was 4.1 B$, a decrease of 4% compared to the first quarter 2012. This decrease is mainly due to a lower contribution from Upstream in an environment less favorable than that of the first quarter 2012.

 

 

8 

Special items affecting operating income from the business segments had a negative impact of 6 M€ in the 1st quarter 2013 and a negative impact of 65 M€ in the 1st quarter 2012.

9  Defined as: (tax on adjusted net operating income) / (adjusted net operating income – income from equity affiliates, dividends received from investments + tax on adjusted net operating income).

 

3


    > Net income (Group share)

Adjusted net income was 2,863 M€ compared to 3,080 M€ in the first quarter 2012, a decrease of 7%. Expressed in dollars, adjusted net income decreased by 6%.

Adjusted net income excludes the after-tax inventory effect, the effect of changes in fair value, and special items10:

 

 

The after-tax inventory effect had a negative impact on net income of 51 M€ in the first quarter 2013 compared to a positive impact of 590 M€ in the first quarter 2012.

 

 

Changes in fair value had a positive impact on net income of 1 M€ in the first quarter 2013 compared to a negative impact of 20 M€ in the first quarter 2012.

 

 

Special items11 had a negative impact on net income of 1,276 M€ in the first quarter 2013, comprised essentially of a net loss of 1,247 M€ relating to the sale of a 49% interest in the Voyageur upgrader project in Canada. This decision, following a strategic review of this project, is consistent with the Group’s commitment to economically develop its Canadian oil sands projects and provides investment savings of about 6 B$ over the next five years.

 

 

In the first quarter 2012, special items had a positive impact of 18 M€.

Net income (Group share) was 1,537 M€ compared to 3,668 M€ in the first quarter 2012.

The effective tax rate for the Group was 58.8% in the first quarter 2013, compared to 60.6% in the first quarter 2012.

On March 31, 2013, there were 2,269 million fully-diluted shares, compared to 2,264 on March 31, 2012.

Adjusted fully-diluted earnings per share, based on 2,269 million fully-diluted weighted-average shares, was €1.26, compared to €1.36 in the first quarter 2012.

Expressed in dollars, adjusted fully-diluted earnings per share decreased by 7% to $1.67.

    > Investments – Divestments12

Investments, excluding acquisitions and including changes in non-current loans, were 4.85 B€ (6.4 B$) in the first quarter 2013, an increase of 25% compared to 3.9 B€ (5.1 B$) in the first quarter 2012.

Acquisitions were 934 M€ (1,233 M$) in the first quarter 2013, comprised essentially of the acquisition of an additional 6% stake in Ichthys LNG, exploration permits in Mozambique, and the carry agreement in the Utica shale gas and condensates field in the United States.

Asset sales in the first quarter 2013 were 420 M€ (555 M$), including mainly the sale of a 49% interest in the Voyageur upgrader project in Canada. Several asset sales have been announced by the Group, including TIGF, Usan, and Tempa Rossa, which are in-progress and are not reported in the accounts of the first quarter 2013. These transactions represent about 5 B$ in the aggregate.

Net investments13 were 5.4 B€ (7.1 B$) in the first quarter 2013 compared to 4.2 B€ (5.6 B$) in the first quarter 2012.

 

 

10  Adjustment items explained on page 12.
11  Detail shown on page 15.
12  Detail shown on page 16.
13  Net investments = investments including acquisitions and changes in non-current loans – asset sales.

 

4


    > Cash flow

Cash flow from operations was 3,718 M€ in the first quarter 2013, a decrease of 29% compared to the first quarter 2012.

Adjusted cash flow from operations14 was 5,209 M€, an increase of 2% compared to the first quarter 2012. Expressed in dollars, adjusted cash flow from operations was 6.9 B$, an increase of 3% compared to the first quarter 2012.

The Group’s net cash flow15 was negative 1,650 M€, compared to positive 1,017 M€ in the first quarter 2012.

Expressed in dollars, the Group’s net cash flow was negative 2.2 B€ in the first quarter 2013, compared to positive 1.3 B€ in the first quarter 2012. This decrease is mainly due to changes in working capital and net investments between the two periods.

The net-debt-to-equity ratio was 25.9% on March 31, 2013, compared to 21.9% on December 31, 2012, and 22.6% on March 31, 2012.16

 

14  Cash flow from operations at replacement cost before changes in working capital.
15  Net cash flow = cash flow from operations—net investments.
16  Detail shown on page 17.

 

5


 

Analysis of business segment results

Upstream

    > Environment – liquids and price realizations*

 

     1Q13      4Q12      1Q12      1Q13
vs 1Q12
 

Brent ($/b)

     112.6         110.1         118.6         -5

Average liquids price ($/b)

     106.7         106.4         115.2         -7

Average gas price ($/Mbtu)

     7.31         6.94         7.16         +2

Average hydrocarbons price ($/boe)

     77.4         77.0         82.1         -6

 

* consolidated subsidiaries, excluding fixed margins

    > Production

 

Hydrocarbon production    1Q13      4Q12      1Q12      1Q13
vs 1Q12
 

Combined production (kboe/d)

     2,323         2,293         2,372         -2

•    Liquids (kb/d)

     1,193         1,206         1,229         -3

•    Gas (Mcf/d)

     6,137         5,897         6,226         -1

Hydrocarbon production was 2,323 thousand barrels of oil equivalent per day (kboe/d) in the first quarter 2013, a decrease compared to the first quarter 2012, essentially as a result of:

 

 

+4% for start-ups and ramp-ups of new projects,

 

 

-3% for normal decline and maintenance,

 

 

-0.5% for portfolio changes, comprised essentially of the sale of assets in the UK, Nigeria and Columbia, net of the positive effect of an increased interest in Novatek,

 

 

-2.5% for the incident at Elgin in the UK North Sea and security conditions in Nigeria.

 

6


Results

Effective July 1, 2012, the Upstream segment no longer includes the activities of New Energies, which are now reported with Marketing & Services. As a result, certain information has been restated according to the new organization.

 

in millions of euros    1Q13      4Q12      1Q12      1Q13
vs 1Q12
 

Adjusted operating income*

     4,960         5,049         6,508         -24

Adjusted net operating income*

     2,466         2,686         3,057         -19

•    includes adjusted income from equity affiliates

     633         350         495         +28

Investments

     5,255         5,518         5,306         -1

Divestments

     543         1,415         748         -27

Cash flow from operating activities

     4,150         4,429         5,766         -28

Adjusted cash flow from operating activities

     4,186         4,494         4,713         -11

 

* Detail of adjustment items shown in the business segment information annex to financial statements.

Adjusted net operating income from the Upstream segment was 2,466 M€ in the first quarter 2013 compared to 3,057 M€ in the first quarter 2012, a decrease of 19%. Expressed in dollars, adjusted net operating income from the Upstream segment was 4,007 M$ in the first quarter of 2012, compared to 3,257 M$ in the first quarter 2013. The decrease is explained by a less favorable environment and a decrease in production between the two periods, as well as higher technical costs. The increase in technical costs is mainly due to higher amortization.

The effective tax rate for the Upstream segment was 62.7%, compared to 61.0% in the first quarter 2012, mainly due to increased non-deductible exploration charges.

For the twelve months ended March 31, 2013, the return on average capital employed (ROACE17) for the Upstream segment was 17%, compared to 18% for the full-year 2012.

The annualized for the first quarter 2013 ROACE of the Upstream segment was 15%.

 

17  Calculated based on adjusted net operating income and average capital employed, using replacement cost, as shown on page 18.

 

7


Refining & Chemicals

    > Refinery throughput and utilization rates*

 

     1Q13     4Q12     1Q12     1Q13
vs 1Q12
 

Total refinery throughput (kb/d)

     1,763        1,648        1,830        -4

•    France

     627        532        692        -9

•    Rest of Europe

     866        847        879        -1

•    Rest of world

     270        269        259        +4

Utilization rates**

        

•    Based on crude only

     83     76     82  

•    Based on crdue and other feedstock

     86     79     88  

 

* includes share of TotalErg. Results for refineries in South Africa, French Antilles and Italy are reported in the Marketing & Serives segment.
** based on distillation capacity at the beginning of the year

The decrease in refinery throughput compared to the first quarter 2012 is mainly due to the turnaround of the Normandy refinery in the context of a modernization project for the first part of the quarter, maintenance at the Donges refinery, and the closure of the Rome refinery that occurred at the end of the third quarter 2012. Throughput was down at the beginning of the quarter during a challenging environment, yet progressively returned to levels comparable to those of the first quarter 2012.

> Results

 

in millions of euros

(except the ERMI)

   1Q13     4Q12      1Q12     1Q13
vs 1Q12
 

European refining margin indicator—ERMI ($/t)

     26.9        33.9         20.9        +29

Adjusted operating income*

     410        388         (43     n/a   

Adjusted net operating income*

     383        367         64        x6   

•    contribution of Specialty Chemicals**

     90        94         91        -1

Investments

     533        573         429        +24

Divestments

     27        101         141        -81

Cash flow from operations

     (288     502         (36     n/a   

Adjusted cash flow from operations

     563        672         128        x4   

 

* detail of adjustment items shown in the business segment information annex to financial statements
** Hutchinson, Bostik, Atotech

The ERMI averaged 26.9 $/t in the first quarter 2013, an increase of 29% compared to the first quarter 2012.

Adjusted net operating income from the Refining & Chemicals segment was 383 M€ in the first quarter 2013, nearly six times than that of the first quarter 2012.

Expressed in dollars, the increase is identical and is due to the improvement of refining margins and petrochemical margins at the end of the quarter as well as improved operational performance of facilities.

 

8


For the twelve months ended March 31, 2013, the ROACE for the Refining & Chemicals segment was 10%, compared to 9% for the full-year 2012.

The annualized first quarter 2013 ROACE of the Refining & Chemicals segment was 9%.

 

9


Marketing & Services

    > Refined product sales

 

Sales in kb/d*    1Q13      4Q12      1Q12      1Q13
vs 1Q12
 

Europe

     1,108         1,123         1,211         -9

Rest of world

     607         583         529         +15

Total sales volumes

     1,715         1,706         1,740         -1

 

* excludes trading and bulk sales, includes share of TotalErg

In the first quarter 2013, sales volumes decreased by 1% compared to the first quarter 2012. This decrease is due to a decline in European sales, which were particularly impacted by the closure of the Rome refinery, in an environment of decreasing demand for refined products. The decrease in sales of specialty products was partially offset by increased sales outside of Europe.

    > Results

Effective July 1, 2012, Marketing & Services includes the activities of New Energies. As a result, certain information has been restated according to the new organization.

 

in millions of euros    1Q13     4Q12      1Q12     1Q13
vs 1Q12
 

Sales

     20,999        21,669         21,852        -4

Adjusted operating income*

     409        382         323        +27

Adjusted net operating income*

     265        267         141        +88

•   contribution of New Energies

     (13     14         (116     n/a   

Investments

     187        508         198        -6

Divestments

     38        46         45        -16

Cash flow from operating activities

     (93     1 024         (444     n/a   

Adjusted cash flow

     434        353         270        +61

 

* detail of adjustment items shown in the business segment information annex to financial statement.

Marketing & Services sales were 21 B€, a decrease of 4% compared to the first quarter 2012.

Adjusted net operating income from the Marketing & Services segment was 265 M€ in the first quarter 2013, an increase of 88% compared to the first quarter 2012, mainly due to improved margins on certain specialty products and an improved contribution from New Energies.

For the twelve months ended March 31, 2013, the ROACE for the Marketing & Services segment was 13%, compared to 12% for the full-year 2012.

The annualized first quarter 2013 ROACE of the Marketing & Services segment was 15%.

 

10


 

Summary and Outlook

The ROACE for the Group for the twelve months ended March 31, 2013, was 15%, compared to 16% for the full-year 2012. The annualized first quarter 2013 ROACE for the Group was 14%.

The return on equity for the twelve months ended March 31, 2013, was 17%, compared to 18% for the full-year 2012.

Pending approval at the May 17, 2013 Annual Shareholders Meeting, TOTAL S.A. will pay on June 27, 2013, the 0.59 €/share remainder of the 2012 dividend.18 The 2012 cash dividend represents a total of 2.34 €/share, an increase of 3% compared to the previous year.

In addition, the Board of Directors decided on April 25, 2013, to pay a first quarter 2013 interim dividend of 0.59 €/share on September 27, 2013.19

Since the beginning of the year, the Group successfully restarted production at Elgin-Franklin in the UK North Sea following the approval of the safety case by UK authorities. Production has reached nearly 50% of the fields’ potential. The next scheduled start-ups include Angola LNG, Sulige in China, and Kashagan in Kazakhstan. Total continues to pursue the development of its major projects, most recently with the launch of Moho Nord.

The Group’s ambitious exploration program continues with high-potential wells targeting frontier prospects, including in Gabon, Kenya and Indonesia. 80% of Total’s exploration potential this year is yet to be drilled.

In the downstream, refinery throughput in the second quarter will be impacted by a turnaround at Carling and scheduled maintenance at Antwerp. Since the beginning of the second quarter 2013, European refining margins and petrochemicals margins have been trending favorably.

 

¿ ¿ ¿

To listen to a presentation by CFO Patrick de la Chevardière to financial analysts today at 15:00 (Paris time), please log on to www.total.com or call +44 (0)203 367 9459 in Europe or +1 855 402 7763 in the U.S. (listen-only). For a replay, please consult the website or call +44 (0)203 367 9460 in Europe or +1 877 642 3018 in the U.S. (code: 281 147).

 

 

18  The ex-dividend date will be June 24, 2013.
19  The ex-dividend date will be September 24, 2013.

 

11


This press release presents the first quarter 2013 results from the interim consolidated financial statements of TOTAL S.A. as of March 31, 2013. The notes to these consolidated financial statements (unaudited) are available on the TOTAL web site (www.total.com).

This document may contain forward-looking information on the Group (including objectives and trends), as well as forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, notably with respect to the financial condition, results of operations, business, strategy and plans of TOTAL. These data do not represent forecasts within the meaning of European Regulation No. 809/2004.

Such forward-looking information and statements included in this document are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future, and are subject to a number of risk factors that could lead to a significant difference between actual results and those anticipated, including currency fluctuations, the price of petroleum products, the ability to realize cost reductions and operating efficiencies without unduly disrupting business operations, environmental regulatory considerations and general economic and business conditions. Certain financial information is based on estimates particularly in the assessment of the recoverable value of assets and potential impairments of assets relating thereto.

Neither TOTAL nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Further information on factors, risks and uncertainties that could affect the Company’s financial results or the Group’s activities is provided in the most recent Registration Document filed by the Company with the French Autorité des Marchés Financiers and annual report on Form 20-F filed with the United States Securities and Exchange Commission (“SEC”).

Financial information by business segment is reported in accordance with the internal reporting system and shows internal segment information that is used to manage and measure the performance of TOTAL. Performance indicators excluding the adjustment items, such as adjusted operating income, adjusted net operating income, and adjusted net income are meant to facilitate the analysis of the financial performance and the comparison of income between periods. These adjustment items include:

(i) Special items

Due to their unusual nature or particular significance, certain transactions qualified as “special items” are excluded from the business segment figures. In general, special items relate to transactions that are significant, infrequent or unusual. However, in certain instances, transactions such as restructuring costs or asset disposals, which are not considered to be representative of the normal course of business, may be qualified as special items although they may have occurred within prior years or are likely to occur again within the coming years.

(ii) Inventory valuation effect

The adjusted results of the Refining & Chemicals and Marketing & Services segments are presented according to the replacement cost method. This method is used to assess the segments’ performance and facilitate the comparability of the segments’ performance with those of its competitors.

In the replacement cost method, which approximates the LIFO (Last-In, First-Out) method, the variation of inventory values in the statement of income is, depending on the nature of the inventory, determined using either the month-end prices differential between one period and another or the average prices of the period rather than the historical value. The inventory valuation effect is the difference between the results according to the FIFO (First-In, First-Out) and the replacement cost.

(iii) Effect of changes in fair value

The effect of changes in fair value presented as an adjustment item reflects for some transactions differences between internal measures of performance used by TOTAL’s management and the accounting for these transactions under IFRS.

IFRS requires that trading inventories be recorded at their fair value using period-end spot prices. In order to best reflect the management of economic exposure through derivative transactions, internal indicators used to measure performance include valuations of trading inventories based on forward prices.

Furthermore, TOTAL, in its trading activities, enters into storage contracts, which future effects are recorded at fair value in Group’s internal economic performance. IFRS precludes recognition of this fair value effect.

The adjusted results (adjusted operating income, adjusted net operating income, adjusted net income) are defined as replacement cost results, adjusted for special items, excluding the effect of changes in fair value.

Dollar amounts presented herein represent euro amounts converted at the average euro-dollar exchange rate for the applicable period and are not the result of financial statements prepared in dollars.

Cautionary Note to U.S. Investors – The SEC permits oil and gas companies, in their filings with the SEC, to separately disclose proved, probable and possible reserves that a company has determined in accordance with SEC rules. We may use certain terms in this presentation, such as resources, that the SEC’s guidelines strictly prohibit us from including in filings with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 20-F, File N° 1-10888, available from us at 2, Place Jean Millier – Arche Nord Coupole/Regnault—92078 Paris-La Défense Cedex, France, or at our Web site: www.total.com. You can also obtain this form from the SEC by calling 1-800-SEC-0330 or on the SEC’s Web site: www.sec.gov.

 

12


Operating information by segment

for first quarter 2013

 

 

Upstream

 

Combined liquids and gas production

by region (kboe/d)

   1Q13      4Q12      1Q12      1Q13 vs
1Q12
 

Europe

     392         421         499         -21

Africa

     692         701         709         -2

Middle East

     542         482         511         +6

North America

     71         67         68         +4

South America

     172         175         182         -5

Asia-Pacific

     236         227         214         +10

CIS

     218         220         189         +15

Total production

     2,323         2,293         2,372         -2

Includes equity affiliates

     681         624         628         +8
Liquids production by region (kb/d)    1Q13      4Q12      1Q12      1Q13 vs
1Q12
 

Europe

     166         185         226         -27

Africa

     552         568         566         -2

Middle East

     329         312         300         +10

North America

     27         26         24         +13

South America

     57         57         63         -10

Asia-Pacific

     31         28         24         +29

CIS

     31         30         26         +19

Total production

     1,193         1,206         1,229         -3

Includes equity affiliates

     325         307         299         +9

 

13


Gas production by region (Mcf/d)    1Q13      4Q12      1Q12      1Q13 vs
1Q12
 

Europe

     1,215         1,270         1,492         -19

Africa

     707         654         730         -3

Middle East

     1,165         930         1,143         +2

North America

     250         228         247         +1

South America

     637         657         663         -4

Asia-Pacific

     1,151         1,127         1 073         +7

CIS

     1,012         1,031         878         +15

Total production

     6,137         5,897         6,226         -1

Includes equity affiliates

     1,922         1,712         1,773         +8
Liquefied natural gas    1Q13      4Q12      1Q12      1Q13 vs
1Q12
 

LNG sales* (Mt)

     2.90         2.73         3.22         -10

 

* sales, Group share, excluding trading; 2012 data restated to reflect volume estimates for Bontang LNG in Indonesia based on the 2012 SEC coefficient

 

 

Downstream (Refining & Chemicals and Marketing & Services)

 

Refined product sales by region (kb/d)*    1Q13      4Q12      1Q12      1Q13 vs
1Q12
 

Europe

     1,978         1,964         2,066         -4

Africa

     448         413         392         +14

Americas

     481         435         441         +9

Rest of world

     505         531         568         -11

Total consolidated sales

     3,412         3,343         3,467         -2

Includes bulk sales

     521         545         501         +4

Includes trading

     1,176         1,092         1,226         -4

 

* includes share of TotalErg

 

14


Adjustment items

 

 

Adjustments to operating income

 

in millions of euros    1Q13     4Q12     1Q12  

Special items affecting operating income

     (6     (826     (65

•   Restructuring charges

     (2     62        —     

•   Impairments

     (4     (340     —     

•   Other

     —          (548     (65

Pre-tax inventory effect : FIFO vs. replacement cost

     (88     (462     846   

Effect of change in fair value

     2        13        (25

Total adjustments affecting operating income

     (92     (1,275     756   

 

 

Adjustments to net income (Group share)

 

in millions of euros    1Q13     4Q12     1Q12  

Special items affecting operating income (Group share)

     (1,276     (398     18   

•   Gain (loss) on asset sales

     (1,247     226        80   

•   Restructuring charges

     (26     (4     —     

•   Impairments

     (3     (337     (20

•   Other

     —          (283     (42

After-tax inventory effect : FIFO vs. replacement cost

     (51     (312     590   

Effect of change in fair value

     1        10        (20

Total adjustments affecting net income

     (1,326     (700     588   

Effective tax rates

 

Effective tax rate*    1Q13     4Q12     1Q12  

Upstream

     62.7     54.8     61.0

Group

     58.8     52.5     60.6

 

* tax on adjusted net operating income / (adjusted net operating income—income from equity affiliates, dividends received from investments + tax on adjusted net operating income)

 

15


Investments—Divestments

 

in millions of euros    1Q13      4Q12     1Q12      1Q13 vs
1Q12
 

Investments excluding acquisitions*

     4,854         5,360        3,873         +25

•   Capitalized exploration

     362         380        350         +3

•   Changes in non-current loans**

     277         (181     159         +74

Acquisitions

     934         578        1,832         -49

Investments including acquisitions*

     5,788         5,938        5,705         +1

Asset sales

     420         881        1,455         -71

Net investments**

     5,368         5,057        4,250         +26
expressed in millions of dollars***    1Q13      4Q12     1Q12      1Q13 vs
1Q12
 

Investments excluding acquisitions*

     6,410         6,950        5,077         +26

•   Capitalized exploration

     478         493        459         +4

•   Changes in non-current loans**

     366         (235     208         +76

Acquisitions

     1,233         749        2,401         -49

Investments including acquisitions*

     7,644         7,700        7,478         +2

Asset sales

     555         1,142        1,907         -71

Net investments**

     7,089         6,557        5,571         +27

 

* includes changes in non-current loans
** includes net investments in equity affiliates and non-consolidated companies + net financing for employee-related stock purchase plans
*** dollar amounts represent euro amounts converted at the average €-$ exchange rate for the period

 

16


Net-debt-to-equity ratio

 

in millions of euros    03/31/2013     12/31/2012     03/31/2012  

Current borrowings

     10,739        11,016        9,574   

Net current financial assets

     (535     (1,386     (1,322

Net financial assets classified as held for sale

     682        756        —     

Non-current financial debt

     22,875        22,274        22,428   

Hedging instruments of non-current debt

     (1,472     (1,626     (1,882

Cash and cash equivalents

     (13,415     (15,469     (13,330

Net debt

     18,874        15,565        15,468   

Shareholders’ equity

     73,846        71,185        69,862   

Estimated dividend payable

     (2,666     (1,299     (2,573

Minority interests

     1,785        1,280        1,274   

Equity

     72,965        71,166        68,563   

Net-debt-to-equity ratio

     25.9     21.9     22.6

2013 sensitivities*

 

     Scenario   Change   Impact on adjusted
operating income
  Impact on adjusted
net operating income

Dollar

   1.30 $/€   +0.1 $ par €   -2,2 B€   -0,95 B€

Brent

   100 $/b   +1 $/b   +0.24 B€ / 0.31 B$   +0.11 B€ / 0.14 B$

European refining margins (ERMI)

   30 $/t   +1 $/t   +0.08 B€ / 0.1 B$   +0.05 B€ / 0.06 B$

 

* Sensitivities are revised once per year upon publication of the previous year’s fourth quarter results. Sensitivities are estimates based on assumptions of the Group’s portfolio in 2013. Actual results could vary significantly from estimates based on the application of these sensitivities.

The impact of the €-$ sensitivity on adjusted operating income and adjusted net operating income attributable to the Upstream segment are approximately 80% and 70% respectively. The remaining impact is essentially on the Refining & Chemicals segment.

 

17


Return on average capital employed

 

 

Twelve months ended March 31, 2013

 

in millions of euros    Upstream     Refining &
Chemicals
   

Marketing

& Services

    Group  

Adjusted net operating income

     10,554        1,695        954        12,764   

Capital employed at 03/31/2012*

     57,382        15,790        7,484        82,009   

Capital employed at 03/31/2013*

     67,187        17,096        7,503        90,694   

ROACE

     16.9     10.3     12.7     14.8

 

 

Full-year 2012

 

in millions of euros    Upstream     Refining &
Chemicals
    Marketing
& Services
    Group  

Adjusted net operating income

     11,145        1,376        830        12,927   

Capital employed at 12/31/2011*

     56,910        15,454        6,852        79,976   

Capital employed at 12/31/2012*

     63,862        15,726        6,986        84,152   

ROACE

     18.5     8.8     12.0     15.8

 

* at replacement cost(excluding after-tax inventory effect)

 

18

EX-99.12 13 d550959dex9912.htm EXHIBIT 99.12 Exhibit 99.12

Exhibit 99.12

 

LOGO    LOGO

 

 

2, place Jean Millier

Arche Nord Coupole/Regnault

92 400 Courbevoie France

Tel. : (33) 1 47 44 58 53

Fax : (33) 1 47 44 58 24

Martin DEFFONTAINES

Matthieu GOT

Karine KACZKA

Magali PAILHE

Robert HAMMOND (U.S.)

Robert PERKINS (U.S.)

Tel. : (1) 713-483-5070

Fax : (1) 713-483-5629

TOTAL S.A.

Capital 5 914 832 865 euros 542 051 180 R.C.S. Nanterre

www.total.com

Total announces its interim dividend for the first quarter 2013

Paris, April 26, 2013—The Board of Directors of Total approved a first quarter 2013 interim dividend of 0.59 euros per share, unchanged versus the previous quarter, and payable in euros according to the following timetable:

 

  Ex-dividend date   September 24, 2013  
  Record date   September 26, 2013  
  Payment date   September 27, 2013  

American Depositary Receipts (“ADRs”) will receive the first quarter 2013 interim dividend in dollars based on the then-prevailing exchange rate according to the following timetable:

 

  Ex-dividend date   September 19, 2013  
  Record date   September 23, 2013  
  Payment date   October 15, 2013  

Registered ADR holders may also contact The Bank of New York Mellon for additional information. Non-registered ADR holders should contact their broker, financial intermediary, bank, or financial institution for additional information.

* * * * *

Total is one of the largest integrated oil and gas companies in the world, with activities in more than 130 countries. The Group is also a first rank player in chemicals. 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, new energies, trading, and chemicals. Total is working to help satisfy the global demand for energy, both today and tomorrow. www.total.com

 

 

EX-99.13 14 d550959dex9913.htm EXHIBIT 99.13 Exhibit 99.13

Exhibit 99.13

 

LOGO

  LOGO

Paris, 2013 April 30—“Techdrill International Ltd and TOTAL S.A. have signed an agreement putting an end to the litigation which has opposed them since the beginning of 2006. Therefore, TOTAL S.A. and Techdrill International Ltd will be able to resume normal business relationship in the future”.

EX-99.14 15 d550959dex9914.htm EXHIBIT 99.14 Exhibit 99.14

Exhibit 99.14

 

LOGO    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

Charles-Etienne LEBATARD

Tel.: + 33 (0) 1 47 44 45 91

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS des FRANCS

Tel.: + 33 (0) 1 47 44 47 05

Sandra DANTE

Tel.: + 33 (0) 1 47 44 46 07

Vincent GRANIER

Tel.: + 33 (0) 1 41 35 90 30

Paul NAVEAU

Tel. : + 33 (0) 1 41 35 22 44

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Anastasia ZHIVULINA

Tel.: + 33 (0) 1 47 44 76 29

TOTAL S.A.

Capital 5 941 838 402,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

Total Recognized by Peers for Its Deep Offshore Expertise

The Pazflor deep offshore development in Angola, with the world’s largest FPSO, received a Distinguished Achievement Award at the Offshore Technology Conference.

Paris, May 6, 2013—At the Offshore Technology Conference in Houston, held from May 5 to 9, Total was honored with the Distinguished Achievement Award for Companies for its Pazflor deep offshore development. The prestigious award is presented annually to the company that has advanced deepwater oil expertise and technology as part of a major project.

Total is delighted with this award for Pazflor, which cements our position as an industry leader both in the deep offshore and in managing large-scale international projects,” said Yves-Louis Darricarrère, Upstream President at Total. “Above all, it is well-deserved recognition for the teams that took part in the project, meeting stringent safety, environmental, scheduling, budget and quality specifications. They are all to be sincerely congratulated.”

Begun in December 2007 and covering an area of 600 square kilometers offshore Angola, in water depths ranging from 600 to 1,200 meters, Pazflor represents an important milestone in the development of Total-operated Block 17. Production currently averages 220,000 barrels per day, and more than 45 million barrels have been produced since first oil in August 2011.

The Pazflor project integrates major technological breakthroughs in bringing challenging deepwater fields on stream. The technological feat— a world first— consisted of installing subsea separation units and pumps to boost the liquids from the three Late Miocene reservoirs, near the production wells.

This technological achievement is also a people-led success. A significant part of the Pazflor development was carried out in Angola, as part of Total’s commitment to increasing local content in its projects. As many as 4,500 people on four different continents were involved in the project at the same time, for a total of 32 million hours worked, including 3.8 million in Angola. With total capital expenditure of $9 billion, the Pazflor project benefited the entire Angolan economy through the participation of the country’s leading oil industry contractors.

*****

 

 

 


 

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

Charles-Etienne LEBATARD

Tel.: + 33 (0) 1 47 44 45 91

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS des FRANCS

Tel.: + 33 (0) 1 47 44 47 05

Sandra DANTE

Tel.: + 33 (0) 1 47 44 46 07

Vincent GRANIER

Tel.: + 33 (0) 1 41 35 90 30

Paul NAVEAU

Tel. : + 33 (0) 1 41 35 22 44

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Anastasia ZHIVULINA

Tel.: + 33 (0) 1 47 44 76 29

TOTAL S.A.

Capital 5 941 838 402,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

Total Exploration & Production in Angola

Total has been present in Angola since 1953. In 2012, the Group became the country’s number one operator, with operated production averaging 604,000 barrels of oil equivalent per day (boe/d). Its SEC* equity production amounted to 180,000 boe/d, mainly from Blocks 17, 0 and 14.

Total’s main asset in Angola is deepwater Block 17, which it operates with a 40% interest. The block contains four major hubs. The first three, Girassol, Dalia and Pazflor, are currently in production and the fourth, CLOV (Cravo, Lirio, Orquidea and Violeta) is under development, with first oil scheduled for 2014.

The Group also operates the ultra-deepwater Block 32, in which it holds a 30% stake. Twelve discoveries have confirmed the block’s potential for oil production, and conceptual development studies are underway on a first production area in the central southeastern sector of the block (Kaombo project).

In addition, the Angola LNG project to build a liquefaction plant near Soyo to bring the country’s natural gas reserves to market is under construction. Total has a 13.6% interest in the project. Scheduled for commissioning in 2013, the plant will initially be supplied with associated gas from fields on Blocks 0, 14, 15, 17 and 18.

 

* U.S. Securities and Exchange Commission.

Get more information on Offshore Technology Conference: www.otcnet.org/2013

* * * * *

Total is one of the largest integrated oil and gas companies in the world, with activities in more than 130 countries. The Group is also a first rank player in chemicals. 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, new energies, trading, and chemicals. Total is working to help satisfy the global demand for energy, both today and tomorrow. www.total.com

 

 

EX-99.15 16 d550959dex9915.htm EXHIBIT 99.15 Exhibit 99.15

Exhibit 99.15

 

LOGO

   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

Charles-Etienne LEBATARD

Tel.: + 33 (0) 1 47 44 45 91

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS des FRANCS

Tel.: + 33 (0) 1 47 44 47 05

Sandra DANTE

Tel.: + 33 (0) 1 47 44 46 07

Vincent GRANIER

Tel.: + 33 (0) 1 41 35 90 30

Paul NAVEAU

Tel. : + 33 (0) 1 41 35 22 44

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Anastasia ZHIVULINA

Tel.: + 33 (0) 1 47 44 76 29

TOTAL S.A.

Capital 5 941 838 402,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

 

Total wins 10 exploration licenses during Brazil’s 11th Bid Round

Paris, May 16, 2013—Total announces that it has been awarded 10 new exploration licenses during Brazil’s 11th bid round.

Total will be the operator with 40% interest in five blocks situated in the Foz do Amazonas basin (FZA-M-57, FZA-M-86, FZA-M-88, FZA-M-125 and FZA-M-127) and with 45% interest in one block (CE-M-661) in the Ceara basin. In addition, Total has acquired a 25% working interest in three blocks (ES-M-669, ES-M-671 and ES-M-743) in the Espirito Santo basin as well as a 50% interest in one block (BAR-M-346) in Barreirinhas basin.

Thanks to our winning bids for a large number of very promising deep offshore blocks in Brazil in one of the most important licensing rounds in the world, Total has expanded its prospecting and operating acreage in the country, which was one of our main objectives in 2013. We will be able to play a key role in Brazil’s dynamic exploration sector,” commented Marc Blaizot, Senior Vice President, Exploration at Total. “These acquisitions will be major drivers of Total’s strategy of profitable growth in the deep offshore. They also bolster our solid portfolio of prime assets on both sides of the Atlantic, in Africa and the Americas. And we are delighted to be able to put our deep offshore expertise to work for Brazil, alongside Petrobras and our other partners,” he added.

Total will be in partnership with Petrobras, BP, Statoil, OGX and Queiroz Galvão.

Total in Brazil

Total is currently operator of the Xerelete field, located around 250 kilometers off the coast of Rio de Janeiro in the Campos basin, in which further drilling activities are planned to acquire more reservoir data and prove more resources. Total also holds a 20% interest in Block BM-S-54, where the Gato do Mato discovery is being appraised.

Aside from E&P activities, Total is also present in several other industrial segments through its affiliates Total Gás e Electricidade do Brasil, Total Lubrificantes, Hutchinson, CCP Composites, Bostik and Atotech and employs around 3,000 people in the country. Total owns 9.7 % of the Bolivia-Brasil (TBG) and 25 % of the TSB (Transportadora Sulbrasileira de Gás S.A.) gas pipelines.

* * * * *

Total is one of the largest integrated oil and gas companies in the world, with activities in more than 130 countries. The Group is also a first rank player in chemicals. 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, new energies, trading, and chemicals. Total is working to help satisfy the global demand for energy, both today and tomorrow. www.total.com

 
EX-99.16 17 d550959dex9916.htm EXHIBIT 99.16 Exhibit 99.16

Exhibit 99.16

 

LOGO

  Paris, May 17, 2013    LOGO

2, place Jean Millier

Arche Nord Coupole/Regnault

92 400 Courbevoie France

Tel. : (33) 1 47 44 58 53

Fax : (33) 1 47 44 58 24

Martin DEFFONTAINES

Matthieu GOT

Karine KACZKA

Magali PAILHE

Robert HAMMOND (U.S.)

Robert PERKINS (U.S.)

Tel. : (1) 713-483-5070

Fax : (1) 713-483-5629

TOTAL S.A.

Capital 5 941 838 402,50 euros 542 051 180 R.C.S. Nanterre

www.total.com

Ordinary and Extraordinary Shareholders’ meeting of May 17, 2013

 

 

Approval of all resolutions proposed by the Board of Directors

Dividend of €2.34/share

The Annual Shareholders’ Meeting of Total was held on May 17, 2013, under the chairmanship of Christophe de Margerie. Shareholders adopted all resolutions recommended by the Board of Directors, including:

 

   

Approval of the 2012 financial statements and payment of a cash dividend for 2012 of €2.34 per share, an increase of nearly 3% from the previous year. Taking into account the quarterly interim dividend payments for 20121, the final dividend of €0.59 per share will be paid in cash on June 27, 20132.

 

   

Re-election of Mr. Thierry Desmarest, Mr. Gunnar Brock, and Mr. Gérard Lamarche to new three-year term as directors.

 

   

Election of Mr. Charles Keller for a three-year term as the employee shareholders representative on the Board of Directors.

 

   

Various delegations of authority and financial authorizations granted to the Board of Directors.

The full results of the votes will be available on Total’s corporate website www.total.com in the coming days.

The Shareholders’ Meeting was also an opportunity for Christophe de Margerie, Chairman and CEO, and Patrick de La Chevardière, Chief Financial Officer, to reiterate that it is with determination, discipline and confidence that Total fulfills its mission: to facilitate access to energy, in a responsible manner, by always offering more innovative and better performing solutions.

Christophe de Margerie highlighted the quality of Total’s corporate governance, illustrated in particular by the Board’s diversity and the regular external evaluation of the Board’s functioning. He also emphasized the absolute priority placed on safety in the Group and that he and his teams are totally committed to Corporate Social Responsibility.

 

1  Ex-dividend dates for the three 2012 interim dividends were September 24, 2012, for first quarter 2012 (€0.57/share), December 17, 2012, for second quarter 2012 (€0.59/share), and March 18, 2013, for third quarter 2012 (€0.59/share).
2  The ex-dividend date for the remainder of the 2012 dividend will be June 24, 2013.
 

 


Patrick de La Chevardière discussed the Group’s solid results in 2012, increased by 20% compared to 2010 and nearly 10% compared to 2011.

Finally, Christophe de Margerie presented the Group’s outlook. In Upstream, Total is confident in its ability to achieve its production growth targets. The 19 major projects in development, together with producing fields, already represent around 95% of the Group’s potential to produce 3 million barrels per day in 2017. In exploration, the Group’s ambition is illustrated by high-potential wells and recently acquired permits, which should provide for future growth. In the downstream, Christophe de Margerie detailed the progress made in the program to increase profitability from 6% to 13% from 2010 to 2015 thanks to major projects, portfolio optimization, and productivity gains.

Christophe de Margerie concluded by thanking the nearly 3,700 shareholders present for their loyalty and confidence, and he reiterated the Group’s commitment to continue the dynamic launched in all its businesses. In reaffirming the priority given to safety in and the acceptability of the Group’s operations, he confirmed Total’s intent to pursue sustainable growth that would create value for all stakeholders.

*******

Total is one of the largest integrated oil and gas companies in the world, with activities in more than 130 countries. The Group is also a first rank player in chemicals. 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, new energies, trading, and chemicals. Total is working to help satisfy the global demand for energy, both today and tomorrow. www.total.com

 

 

EX-99.17 18 d550959dex9917.htm EXHIBIT 99.17 Exhibit 99.17

Exhibit 99.17

 

LOGO   LOGO

Qatar Petroleum International (QPI) and Total seal a strategic partnership in Congo

Paris, May 22, 2013—Qatar Petroleum International (QPI) and Total are pleased to announce the signing of a framework of Agreement whereby QPI will participate in Total E&P Congo through its subscription to a 15% share capital increase of this company. This participation reinforces Qatar’s commitment to invest in Africa and illustrates Congo’s willingness to welcome Qatar as a new partner. Furthermore, thanks to its subscription to the capital of Total E&P Congo, QPI will contribute to the company’s significant investment programme in Congo, specifically the Moho North project.

His Excellency Dr. Mohammed Bin Saleh Al Sada, Minister of Energy and Industry and Chairman of QPI, stated that this agreement is a further milestone in the implementation of QPI’s strategy to develop actively its presence abroad and especially in Africa. He also welcomed the opportunity to reinforce relationships between Qatar and Congo and support Total E&P Congo in its development programme.

Christophe de Margerie, Chairman and CEO of Total, expressed his satisfaction with this agreement which is a new step in the implementation of the MOU for a strategic cooperation in Africa entered between QPI and Total on 25 March 2010. It will further build-on the well-established partnership with QPI and will strengthen Total’s commitment to proceed with the development of the Congolese Petroleum Industry.

H.E. Jean-Jacques Bouya, Minister to the Presidency in charge of development and infrastructures of the Republic of Congo, attending the Doha 13th Forum and mandated by H.E. Denis Sassou-Nguesso, President of the Republic of Congo, expressed his satisfaction with QPI’s partnering with Total in the Republic of Congo which will bring added value to the development of Congo’s petroleum resources. This new partnership is a clear milestone that will open a new era of cooperation between the Republic of Congo and the state of Qatar.

* * * * *

About Qatar Petroleum International

QPI was established in 2006 as a wholly-owned subsidiary of Qatar Petroleum (“QP”), the state-owned national oil company of the State of Qatar. QPI was established to promote and advance the interest of the State of Qatar in the global energy arena of upstream, downstream, and gas and power.

QPI, as part of Qatar’s global diversification, expansion, and investment, and through its strategic partnership and ventures with major energy players worldwide, is carving a pivotal role as an international energy investor.

QPI has built a reputation in upstream, downstream petrochemicals and gas & power by exploring, discovering and capitalizing on investment opportunities and acquisitions. QPI’s multibillion portfolio of investments are global in scope, including partnerships and joint venture initiatives in Africa, North America (The United States and Canada), Singapore, the United Kingdom, Italy and Vietnam.

For more information on QPI, please visit www.qpi.com


About Total

Total is one of the largest integrated oil and gas companies in the world, with activities in more than 130 countries. The Group is also a first rank player in chemicals. 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, new energies, trading, and chemicals. Total is working to help satisfy the global demand for energy, both today and tomorrow. www.total.com

Press contacts :

 

TOTAL :   

Vincent GRANIER : +33 (0)1 41.35.90.30

Charles-Etienne LEBATARD : +33 (0)1 47.44.45.91

QPI :    Yousef Fakhroo: +974 44 520 110
EX-99.18 19 d550959dex9918.htm EXHIBIT 99.18 Exhibit 99.18

Exhibit 99.18

 

LOGO    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

Charles-Etienne LEBATARD

Tel.: + 33 (0) 1 47 44 45 91

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS des FRANCS

Tel.: + 33 (0) 1 47 44 47 05

Sandra DANTE

Tel.: + 33 (0) 1 47 44 46 07

Vincent GRANIER

Tel.: + 33 (0) 1 41 35 90 30

Paul NAVEAU

Tel. : + 33 (0) 1 41 35 22 44

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Anastasia ZHIVULINA

Tel.: + 33 (0) 1 47 44 76 29

TOTAL S.A.

Capital 5 941 838 402,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

Total sanctions a major project to modernize the Antwerp refining

and petrochemical platform

Paris, May 22, 2013—Total has approved a €1 billion modernization project for its Antwerp production facilities, Total’s largest European refining and petrochemical platform, in line with the Group’s strategy of focusing its investment on its large integrated platforms to position them among the most competitive of the industry.

The approval of this upgrade plan is a milestone for the further development of the Antwerp facilities into one of the most profitable platform of the refining and chemicals business of Total” commented Patrick Pouyanné, President of Total Refining & Chemicals. “With this investment, Total is demonstrating not only its commitment to maintaining its position as a competitive industry leader in Europe and but also its ability to adapt to market trends by reducing its production capacities and emphasizing higher value-added products that meet the most stringent environmental standards.”

Two major projects will be implemented in the near future:

 

   

A new refinery upgrading complex, consisting of a solvent de-asphalting unit and a mild hydrocracking unit. Intended primarily to convert heavy fuel oil into desulphurized diesel and ultra low sulfur heating oil, the planned complex responds to the shift in demand toward products with a lower environmental impact. The facility is scheduled to start up in early 2016.

 

   

A new plant to convert low value refinery fuel gases into low cost petrochemical feedstock, replacing expensive oil-based naphtha. By further enhancing the integration between the platform’s refining and petrochemical units, this project will increase the competitiveness of the latter. The facility is scheduled to start up in early 2017.

 

 


 

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

Charles-Etienne LEBATARD

Tel.: + 33 (0) 1 47 44 45 91

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS des FRANCS

Tel.: + 33 (0) 1 47 44 47 05

Sandra DANTE

Tel.: + 33 (0) 1 47 44 46 07

Vincent GRANIER

Tel.: + 33 (0) 1 41 35 90 30

Paul NAVEAU

Tel. : + 33 (0) 1 41 35 22 44

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Anastasia ZHIVULINA

Tel.: + 33 (0) 1 47 44 76 29

TOTAL S.A.

Capital 5 941 838 402,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

In the framework of this modernization plan, two existing production facilities will be shut down, as they are no longer competitive in the world economic environment:

 

   

The smallest and oldest steam cracker, currently idled for lack of markets, will be permanently stopped and dismantled.

 

   

The smallest and oldest polyethylene production line will be closed at end-2014, once an investment in other polyethylene lines to produce a new range of innovative polymers has been completed.

The Antwerp platform’s workforce will remain unchanged at around 1,700 people. Employees working in the facilities scheduled for shutdown will all have the opportunity to further develop their careers at the platform’s newly created production facilities.

About Total’s Antwerp Platform

Total has three production facilities in the port area of Antwerp that form an integrated refining and petrochemical platform. The platform produces various petroleum products, such as fuel oil, gasoline, LPG, diesel and jet fuel, as well as base chemicals including olefins, C4 fractions and aromatics, some of which are used to manufacture polymers like high density polyethylene. The Antwerp platform has around 1,700 employees. Its products are used in many household and industrial applications, including in the packaging and automotive industries.

About Total

Total is one of the largest integrated oil and gas companies in the world, with activities in more than 130 countries. The Group is also a first rank player in chemicals. 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, new energies, trading, and chemicals. Total is working to help satisfy the global demand for energy, both today and tomorrow. www.total.com

 

 

EX-99.19 20 d550959dex9919.htm EXHIBIT 99.19 Exhibit 99.19

Exhibit 99.19

 

LOGO    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

Charles-Etienne LEBATARD

Tel.: + 33 (0) 1 47 44 45 91

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS des FRANCS

Tel.: + 33 (0) 1 47 44 47 05

Sandra DANTE

Tel.: + 33 (0) 1 47 44 46 07

Vincent GRANIER

Tel.: + 33 (0) 1 41 35 90 30

Paul NAVEAU

Tel. : + 33 (0) 1 41 35 22 44

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Anastasia ZHIVULINA

Tel.: + 33 (0) 1 47 44 76 29

TOTAL S.A.

Capital 5 941 838 402,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

The Port Arthur Steam Cracker in Texas is Now Processing Ethane

from Shale Gas

Paris, May 23, 2013—To capitalize on the shale gas revolution in the United States, the BASF TOTAL Petrochemicals LLC (BTP) joint venture (40% Total, 60% BASF) revamped the Port Arthur steam cracker in Texas to process ethane, found in abundance in U.S. shale gas.

Our strategy in the United States consists of consolidating our production base by taking advantage of market trends,” commented Patrick Pouyanné, President of Total Refining & Chemicals. “The Port Arthur steam cracker is one of the biggest in the world, with a capacity of 1 million tons of ethylene per year. It was commissioned in 2001 to process naphtha, distilled from petroleum. In response to petroleum product price hike and the emergence of abundant gas resources, we adapted the steam cracker to give it flexibility and maintain its competitiveness. It can now use as a feedstock ethane, which costs around $30 per barrel of oil equivalent (boe)—versus around $100/boe for naphtha — and liquefied petroleum gases such as butane and propane, which are also cheaper.

The Port Arthur steam cracker can now be supplied with ethane produced at the Mont Belvieu, Texas site, through which most U.S. natural gas liquids transit. Since early April, the BTP steam cracker has the capability to produce up to 40% of its ethylene from ethane and another 40% from butane and propane. In addition to this project, BTP has also begun building a tenth ethane cracking furnace, scheduled to come on stream in the second quarter of 2014. The new furnace will improve the steam cracker’s availability and increase its cracking capacity by nearly 15%, making it even more efficient.

In light of the impact of the shale gas revolution on the global petrochemical industry, Total is also examining a project to build a new ethane steam cracker that would be tied to the original Port Arthur steam cracker to capture maximum synergies while leveraging this cost-advantaged feedstock,” added Mr. Pouyanné.

As part of its integrated strategy, Total is earmarking its share of ethylene produced by BTP for its Bayport polyethylene plant and its share of propylene for its La Porte polypropylene plant, the world’s biggest. Both facilities are located in Texas.

 

 


 

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

Charles-Etienne LEBATARD

Tel.: + 33 (0) 1 47 44 45 91

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS des FRANCS

Tel.: + 33 (0) 1 47 44 47 05

Sandra DANTE

Tel.: + 33 (0) 1 47 44 46 07

Vincent GRANIER

Tel.: + 33 (0) 1 41 35 90 30

Paul NAVEAU

Tel. : + 33 (0) 1 41 35 22 44

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Anastasia ZHIVULINA

Tel.: + 33 (0) 1 47 44 76 29

TOTAL S.A.

Capital 5 941 838 402,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

About Total Petrochemicals & Refining USA, Inc. (TPRI)

Total Petrochemicals & Refining USA, Inc. (TPRI) is part of the of Refining & Chemicals division of Total S.A. TPRI is headquartered in Houston and is a major producer of petroleum-based products, olefins, styrene and polymers as polypropylene, polystyrene, and polyethylene in the United States. The company employs more than 1,600 who work in manufacturing and research/development activities in Texas and Louisiana.

www.totalpetrochemicalsrefiningusa.com.

About Total

Total is one of the largest integrated oil and gas companies in the world, with activities in more than 130 countries. The Group is also a first rank player in chemicals. 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, new energies, trading, and chemicals. Total is working to help satisfy the global demand for energy, both today and tomorrow.

www.total.com

 

 

EX-99.20 21 d550959dex9920.htm EXHIBIT 99.20 Exhibit 99.20

Exhibit 99.20

 

LOGO    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

Charles-Etienne LEBATARD

Tel.: + 33 (0) 1 47 44 45 91

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS des FRANCS

Tel.: + 33 (0) 1 47 44 47 05

Vincent GRANIER

Tel.: + 33 (0) 1 41 35 90 30

Paul NAVEAU

Tel. : + 33 (0) 1 41 35 22 44

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Anastasia ZHIVULINA

Tel.: + 33 (0) 1 47 44 76 29

TOTAL S.A.

Capital 5 941 838 402,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

Total S.A confirms resolution of U.S. investigation

Paris, May 29, 2013—In line with Total S.A’s announcement in July 2012 of an exceptional reserve, the company announced today that it has reached final agreements with the United States Department of Justice (DOJ) and United States Securities and Exchange Commission (SEC) putting an end to an investigation initiated in 2003 concerning petroleum contracts awarded in Iran in the 1990s. Following negotiations, Total S.A agreed to pay a total amount of $398.2 million to the U.S. government. The DOJ considered and acknowledged Total’s cooperation and disclosure over the course of several years. The DOJ also noted the age of the allegations.

The settlement with the SEC requires Total S.A to pay $153 million and to agree to take steps to avoid any violation. The DOJ has agreed not to prosecute Total S.A in return for Total S.A’s agreement to pay $245.2 million and to maintain and reinforce its ongoing compliance program. Total S.A will also appoint an independent French compliance monitor to review Total’s compliance program and to recommend possible improvements. These agreements end the U.S. investigation, which was initiated in 2003.

These settlements, the outcome of which are customary in the United States, allow us to put an end to this investigation,” said Total’s CFO, Patrick de la Chevardière, “We look forward to continuing our work and in demonstrating our strong commitment to ensuring ethical and legal compliance with the laws around the world.

The French investigation that started in 2006 has reached the stage of resolution. Total reaffirms that it has not committed any offense under applicable French law.

* * * * *

Total is one of the largest integrated oil and gas companies in the world, with activities in more than 130 countries. The Group is also a first rank player in chemicals. 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, new energies, trading, and chemicals. Total is working to help satisfy the global demand for energy, both today and tomorrow. www.total.com

 

 

EX-99.21 22 d550959dex9921.htm EXHIBIT 99.21 Exhibit 99.21

Exhibit 99.21

 

LOGO    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

Charles-Etienne LEBATARD

Tel.: + 33 (0) 1 47 44 45 91

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS des FRANCS

Tel.: + 33 (0) 1 47 44 47 05

Vincent GRANIER

Tel.: + 33 (0) 1 41 35 90 30

Paul NAVEAU

Tel. : + 33 (0) 1 41 35 22 44

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Anastasia ZHIVULINA

Tel.: + 33 (0) 1 47 44 76 29

TOTAL S.A.

Capital 5 941 838 402,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

Total announces its decision in a competition between ad agencies:

Publicis Conseil for Corporate and BETC for Marketing & Services

Paris, May 31, 2013—To support its international development goals and boost its communication strategy, Total Group launched a competition between advertising agencies beginning last January.

Interested agencies were invited to submit a comprehensive branding proposal as well as a selection of advertisements and tools to raise the company’s profile and image. The objective also involved identifying strategic drivers for developing the power of its commercial brands.

At the end of the process, Publicis Conseil was chosen to handle the Corporate division while BETC was chosen to handle the Marketing & Services Division.

Total sincerely thanks Havas WW Paris, McCann and Leo Burnett for their interest in this project.

* * * * *

Total is one of the largest integrated oil and gas companies in the world, with activities in more than 130 countries. The Group is also a first rank player in chemicals. 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, new energies, trading, and chemicals. Total is working to help satisfy the global demand for energy, both today and tomorrow. www.total.com

 

 

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