UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
September 29, 2017
Commission File Number 001-10888
TOTAL S.A.
(Translation of registrants 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 ☒ 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 registrants home country), or under the rules of the home country exchange on which the registrants 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 registrants 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 by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ☐ No ☒
(If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .)
TOTAL S.A. is providing on this Form 6-K a description of certain recent developments relating to its business.
EX-99.1: | Press Release, August 30, 2017, UK: Total starts-up production of the Edradour & Glenlivet fields in the West of Shetland | |
EX-99.2: | Press Release, September 4, 2017, Total divests its remaining 15% interest in Gina Krog field in Norway to KUFPEC | |
EX-99.3: | Press Release, September 19, 2017, Total partners with EREN Renewable Energy to expand its renewable business | |
EX-99.4: | Press Release, September 19, 2017, Total expands its energy efficiency business with the acquisition of GreenFlex | |
EX-99.5: | Press Release, September 21, 2017, Total declares its first interim dividend | |
EX-99.6: | Press Release, September 22, 2017, Total signs agreement with Chevron on exploration in deepwater Gulf of Mexico |
EX-99.1: |
Press Release, August 30, 2017, UK: Total starts-up production of the Edradour & Glenlivet fields in the West of Shetland | |
EX-99.2: |
Press Release, September 4, 2017, Total divests its remaining 15% interest in Gina Krog field in Norway to KUFPEC | |
EX-99.3: |
Press Release, September 19, 2017, Total partners with EREN Renewable Energy to expand its renewable business | |
EX-99.4: |
Press Release, September 19, 2017, Total expands its energy efficiency business with the acquisition of GreenFlex | |
EX-99.5: |
Press Release, September 21, 2017, Total declares its first interim dividend | |
EX-99.6: |
Press Release, September 22, 2017, Total signs agreement with Chevron on exploration in deepwater Gulf of Mexico |
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
TOTAL S.A. | ||||||
Date: September 29, 2017 | By: | /s/ ANTOINE LARENAUDIE | ||||
Name: | Antoine LARENAUDIE | |||||
Title: | Treasurer |
Exhibit 1
UK: Total starts-up production of the Edradour & Glenlivet fields in the West of Shetland
TOTAL 2, place Jean Millier La Défense 6 92 400 Courbevoie France Tel.: + 33 (0) 1 47 44 46 99 Fax: + 33 (0) 1 47 44 68 21
Isabelle DESMET Tel.: + 33 (0) 1 47 44 37 76
Agathe BRUANDET Tel.: +33 (0) 1 47 44 76 55
Laetitia MACCIONI Tel.: + 33 (0) 1 47 44 71 49
Evgeniya MAZALOVA Tel.: + 33 (0) 1 47 44 57 00
Paul NAVEAU Tel.: + 33 (0) 1 41 35 22 44
Caroline PAPAZIAN Tel.: + 33 (0) 1 41 35 31 46
Quentin VIVANT Tel.: + 33 (0) 1 41 35 37 44
Anastasia ZHIVULINA Tel.: + 44 207 719 79 21
TOTAL S.A. Share Capital 6 251 766 872.50 Registered in Nanterre RCS 542 051 180
total.com
@TotalPress |
Paris, August 30, 2017 Total has started-up production from the Edradour & Glenlivet gas and condensate fields, located in about 300 to 435 metres of water in the West of Shetland area, close to the Laggan-Tormore fields which came on stream in February 2016. The Edradour and Glenlivet development will bring additional production capacity of up to 56,000 barrels of oil equivalent a day (boe/d).
The start-up of the Edradour & Glenlivet fields demonstrates Totals ability to deliver projects, taking advantage of favourable market conditions and simplifying designs to optimise execution. We have completed this project ahead of schedule and 30% under the initial budget, said Arnaud Breuillac, President Exploration & Production. This development will contribute to our production growth in the North Sea.
The Edradour and Glenlivet development consists of a 35 kilometre tie-back of three subsea wells to the existing Laggan-Tormore production system, which include the 143 kilometre pipeline and the onshore Shetland Gas Plant. Following treatment at the gas plant, the gas is exported to the UK mainland via the Shetland Island Regional Gas Export System (SIRGE) and FUKA pipeline, and will serve the UK domestic market. The condensates are exported via the Sullom Voe Terminal.
Total E&P UK operates Edradour & Glenlivet with a 60% interest alongside partners DONG E&P (UK) Limited (20%) and SSE E&P UK Limited (20%).
Total Exploration & Production in the United Kingdom
Total has been present in the United Kingdom for more than 50 years and is one of the countrys leading oil and gas operators, with equity production of 158,000 boe/d in 2016. Totals production in the United Kingdom comes from several operated fields located offshore in three major zones: the Alwyn/Dunbar area in the Northern North Sea, the Elgin/Franklin area in the Central North Sea and the new Laggan-Tormore hub in the West of Shetland area. |
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TOTAL 2, place Jean Millier La Défense 6 92 400 Courbevoie France Tel.: + 33 (0) 1 47 44 46 99 Fax: + 33 (0) 1 47 44 68 21
Isabelle DESMET Tel.: + 33 (0) 1 47 44 37 76
Agathe BRUANDET Tel.: +33 (0) 1 47 44 76 55
Laetitia MACCIONI Tel.: + 33 (0) 1 47 44 71 49
Evgeniya MAZALOVA Tel.: + 33 (0) 1 47 44 57 00
Paul NAVEAU Tel.: + 33 (0) 1 41 35 22 44
Caroline PAPAZIAN Tel.: + 33 (0) 1 41 35 22 44
Quentin VIVANT Tel.: + 33 (0) 1 41 35 31 46
Anastasia ZHIVULINA Tel.: + 44 207 719 79 21
TOTAL S.A. Share Capital 6 251 766 872.50 Registered in Nanterre RCS 542 051 180
total.com
@TotalPress |
About Total
Total is a global integrated energy producer and provider, a leading international oil and gas company, and a major player in solar energy with SunPower and Total Solar. Our 98,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits. total.com
About DONG Energy
DONG Energy is one of the leading energy groups in Northern Europe, headquartered in Denmark. Around 6,700 ambitious employees are engaged in producing energy from offshore wind farms, bioenergy and thermal heat and power plants, oil and gas fields as well as providing energy solutions to residential and business customers. dongenergy.com
About SSE
SSE is an LSE listed company with total market capitalization of around £15 billion which is involved in producing, distributing and supplying electricity and gas and providing other energy-related services across the UK and Ireland. SSE has an active strategy of operating and investing in a balanced range of energy businesses across the UK and Ireland, and already owns gas production assets in that region. sse.com
Cautionary note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms Total and Total Group are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words we, us and our may also be used to refer to subsidiaries in general or to those who work for them.
This document may contain forward-looking information and statements that 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. Neither TOTAL S.A. 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. |
Exhibit 2
Total Divests its Remaining 15% Interest in Gina Krog Field in Norway to KUFPEC
TOTAL 2, place Jean Millier La Défense 6 92 400 Courbevoie France Tel.: + 33 (0) 1 47 44 46 99 Fax: + 33 (0) 1 47 44 68 21
Isabelle DESMET Tel.: + 33 (0) 1 47 44 37 76
Agathe BRUANDET Tel.: +33 (0) 1 47 44 76 55
Laetitia MACCIONI Tel.: + 33 (0) 1 47 44 71 49
Evgeniya MAZALOVA Tel.: + 33 (0) 1 47 44 57 00
Paul NAVEAU Tel.: + 33 (0) 1 41 35 22 44
Caroline PAPAZIAN Tel.: + 33 (0) 1 41 35 22 44
Quentin VIVANT Tel.: + 33 (0) 1 41 35 31 46
Anastasia ZHIVULINA Tel.: + 44 207 719 79 21
TOTAL S.A. Share Capital 6 251 766 872.50 Registered in Nanterre RCS 542 051 180
total.com
@TotalPress |
Paris, September 4, 2017 Total has signed an agreement to divest its remaining 15% interest in the Gina Krog field in Norway to Kuwait Foreign Petroleum Exploration Company (KUFPEC). This agreement builds on the 2016 transaction between Total and KUFPEC concerning Norwegian North Sea assets, which included a 15% interest in Gina Krog. The overall consideration for both deals exceeds $600 million.
In the framework of our portfolio management and optimization of the allocation of capital, we have decided to fully divest our interest in the Gina Krog project and focus on other opportunities in Norway, which remains a key country for Total, commented Arnaud Breuillac, President, Exploration & Production, With the recent acquisition of Maersk Oil & Gas, announced on August 21, the Groups position in the North Sea will be significantly strengthened, in particular in Norway, with the participation in the development of the giant Johann Sverdrup field.
Upon completion of the sale, Total will no longer have an interest in the Gina Krog field, while KUFPEC will have a 30% stake alongside Statoil (58.7%, operator), PGNiG Upstream International (8%) and Aker BP (3.3%). The Gina Krog oil and gas field started production in June 2017.
Total Exploration & Production in Norway
Total has been present in Norway for over fifty years and has played a major role in the development of a number of large fields on the Norwegian Continental Shelf. Total holds interests in 85 production licenses (including Gina Krog), 32 of which it operates. The affiliate Total E&P Norge AS, located in Stavanger, is one of the largest contributors to the Groups equity production with 235,000 barrels of oil equivalent per day in 2016. |
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TOTAL 2, place Jean Millier La Défense 6 92 400 Courbevoie France Tel.: + 33 (0) 1 47 44 46 99 Fax: + 33 (0) 1 47 44 68 21
Isabelle DESMET Tel.: + 33 (0) 1 47 44 37 76
Agathe BRUANDET Tel.: +33 (0) 1 47 44 76 55
Laetitia MACCIONI Tel.: + 33 (0) 1 47 44 71 49
Evgeniya MAZALOVA Tel.: + 33 (0) 1 47 44 57 00
Paul NAVEAU Tel.: + 33 (0) 1 41 35 22 44
Caroline PAPAZIAN Tel.: + 33 (0) 1 41 35 22 44
Quentin VIVANT Tel.: + 33 (0) 1 41 35 31 46
Anastasia ZHIVULINA Tel.: + 44 207 719 79 21
TOTAL S.A. Share Capital 6 251 766 872.50 Registered in Nanterre RCS 542 051 180
total.com
@TotalPress |
About KUFPEC
KUFPEC was established by its parent company Kuwait Petroleum Corporation in 1981 to engage in exploration, development and production of crude oil and natural gas outside the State of Kuwait. It is currently active in 14 countries with 54 assets in the international upstream sector. KUFPEC is headquartered in Kuwait City, Kuwait and has additional offices in Australia, Canada, China, Egypt, Indonesia, Malaysia, The Netherlands, Norway and Pakistan.
About Total
Total is a global integrated energy producer and provider, a leading international oil and gas company, and a major player in solar energy with SunPower and Total Solar. Our 98,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits. total.com
Cautionary note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms Total and Total Group are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words we, us and our may also be used to refer to subsidiaries in general or to those who work for them.
This document may contain forward-looking information and statements that 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. Neither TOTAL S.A. 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. |
Exhibit 3
Press Release
Total Partners With EREN Renewable Energy to Expand Its Renewable Business
Paris, 19 September 2017 Total has signed an agreement with EREN RE to accelerate its growth in the production of power from renewable sources. Total will acquire an indirect interest of 23% in EREN RE by subscribing to a capital increase for an amount of 237.5 million. The agreement also gives Total the possibility to take over control of EREN RE after a period of 5 years.
Founded in 2012, EREN RE has developed a diversified asset base (notably wind, solar and hydro) representing a global installed gross capacity of 650 MW in operation or under construction. Its ambition is to achieve a global installed capacity of more than 3 GW within 5 years. The capital increase subscribed by Total will enable EREN RE to cover its financing needs to accelerate its development in the coming years.
Total integrates climate challenge into its strategy and is pursuing steady growth in low-carbon businesses, in particular in renewable energy. By partnering with EREN RE, we are leveraging a team that has a proven track record in renewable power production, and we are investing in an additional asset to accelerate our profitable growth in this segment, in line with our ambition to become the responsible energy major. So we welcome to Total Eren into the Total Group! said Patrick Pouyanné, Chairman and CEO of Total.
EREN REs momentum will allow us to accelerate our growth in solar energy and move us into the wind power market. The agreement with EREN RE is a major step towards our objective of achieving 5GW of installed capacity in 5 years, commented Philippe Sauquet, President Gas, Renewables and Power. In line with the Groups integrated strategy along the oil and gas value chains, we are rebalancing our portfolio in renewables between the upstream manufacturing with SunPower and the downstream power production with EREN RE. Today we want to provide this high-potential company with the means to reach a new level and support its ambitions for international development.
Pâris Mouratoglou, Chairman of EREN RE, said: This strategic agreement allows us to join forces with a major energy player, with whom we share a strong desire for development in the renewable energy sector and an ambitious long-term vision. Our positioning is global and the Total Groups strength in international markets represents a tremendous accelerator.
David Corchia, CEO of EREN RE, added: We would like to thank Bpifrance, Next World, Tikehau and FFP who have accompanied us since 2015 and will continue to follow us alongside a global energy major. As part of this agreement, EREN RE will retain its
managerial autonomy that has made its success since the foundation, in particular its agility, flexibility and speed of strategic decisions and their implementation. Thanks to our shareholders, the company, which was already one of the best capitalized players on the renewables market, will benefit from increased financial capacities to match its ambitions. This alliance is fully in line with our long-term vision: to transform an entrepreneurial project into a leading industrial group at international level.
The completion of this transaction remains subject to the approval of the relevant competition authorities.
Totals stake in EREN RE complements the Groups portfolio of renewable energy businesses. In particular, EREN RE, which will be renamed Total Eren upon completion of the transaction, will allow the Total to enter the wind power generation segment. Development of EREN REs solar farm business will be mainly focused on emerging countries where the demand for electricity is growing.
Total has been active in solar energy since 2011 as the majority shareholder in SunPower. In 2017, the Group also set up its own affiliate, Total Solar, in order to develop solar power plants in developed countries and distributed solar systems for industrial and commercial customers (B2B). SunPower, which manufactures and markets the worlds most efficient photovoltaic solar panels, worldwide, will focus its development activities on distributed generation in the B2C and B2B markets in the United States.
About EREN RE
Founded in 2012, EREN RE has built up a substantial and diversified portfolio of wind, solar and hydraulic assets representing an installed gross capacity of 650 MW in operation or under construction worldwide. The company is currently developing numerous projects in Asia-Pacific, Africa and Latin America. Its objective is to achieve a net installed capacity of at least 3 GW by 2023.
About Total
Total is a global integrated energy producer and provider, a leading international oil and gas company, and a major player in low-carbon energies. Our 98,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits.
* * * * *
Partner contacts
Media Relations: +33 1 53 96 83 84 | eren@brunswickgroup.com
Investor Relations: +33 1 58 97 26 39 | margot.leguen@eren-re.com
Total contacts
Media Relations: +33 1 47 44 46 99 | presse@total.com | @TotalPress
Investors Relations: +44 (0)207 719 7962 | holding.communication-financiere@total.com
Cautionary note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms Total and Total Group are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words we, us and our may also be used to refer to subsidiaries in general or to those who work for them.
This document may contain forward-looking information and statements that 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. Neither TOTAL S.A. 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.
Exhibit 4
Press Release
Total Expands Its Energy Efficiency Business With the Acquisition of GreenFlex
Paris, September 19, 2017 - Total is to acquire GreenFlex, a French company specialized in energy efficiency.
Founded in 2009, GreenFlex is one of the European leaders in its sector, with more than 600 clients. The company is forecasting revenues of more than 350 million in 2017 and employs 230 people. GreenFlex combines data intelligence and equipment management and financing to help clients manage their energy consumption efficiently.
The acquisition will accelerate the expansion of Totals energy efficiency offering, over and above the growth of its affiliates BHC Energy in France and Tenag in Germany. Total intends to offer its customers integrated solutions, from optimization of energy needs and sources and finding financing solutions to energy management and emissions measurement and reduction.
Climate challenges are integrated into Totals strategy, and our aim is to be the responsible energy major. This acquisition in energy efficiency services is fully aligned with this strategy, said Philippe Sauquet, President of Gas, Renewables & Power at Total. We are pleased to welcome GreenFlex and its employees to the Group. Total aims to make GreenFlex the linchpin of its growth in the energy efficiency industry in Europe.
The transaction is expected to close in the fourth quarter of 2017, once it has been approved by the relevant regulatory authorities.
About Total
Total is a global integrated energy producer and provider, a leading international oil and gas company, a major player in low-carbon energies. Our 98,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits.
About GreenFlex
An independent company, GreenFlex has been convinced since 2009 that businesses should make a positive contribution to the major transitions under way. The group helps accelerate the transition and reduce environmental and societal costs with a view to tackling the major challenges facing businesses, offering support from developing strategy to taking action for a future of optimal performance, a Good Future.
GreenFlexs teams offer an array of operational, sustainable solutions focusing on energy strategy and performance, financing the transition and asset management, integrating a sustainable vision and strategy, stakeholder relationship management, and responsible products and consumption. These solutions combine support, data intelligence and financing for tangible, measurable results.
GreenFlex boasts close to 230 employees working out of 14 offices throughout Europe, for revenues of over 230 million in 2016. Over the last seven years, the company has lent its support to over 600 clients.
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Total contacts:
Media Relations:
| General: +33 1 47 44 46 99 | presse@total.com | @TotalPress |
| Laetitia Maccioni: + 33 6 24 60 57 65 | laetitia.maccioni@total.com |
Investors Relations: +44 (0)207 719 7962 | holding.communication-financiere@total.com
Cautionary note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms Total and Total Group are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words we, us and our may also be used to refer to subsidiaries in general or to those who work for them.
This document may contain forward-looking information and statements that 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. Neither TOTAL S.A. 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.
Exhibit 5
Press Release
Total declares its first interim dividend
Paris, September 20, 2017 The Board of Directors of Total met on September 20, 2017 and declared a 2017 first interim dividend of 0.62 per share, in accordance with the Boards decision of April 26, 2017, unchanged compared to the proposed 2016 final dividend and representing an increase of 1.6% compared to the 2016 first interim dividend. The Board of Directors also decided to offered, under the conditions set by the fourth resolution at the Combined Shareholders Meeting of May 26, 2017, the option for shareholders, including holders of its American Depositary Shares, to receive the 2017 first interim dividend in cash or in new shares of the Company.
The share price for the new shares to be issued as payment of the 2017 first interim dividend is set by the Board of Directors at 41.12. This price is equal to the average opening price on Euronext Paris for the twenty trading days preceding the Board of Directors on September 20, 2017, reduced by the amount of the interim dividend, with a 5% discount, rounded up to the nearest cent. Shares issued as payment of the 2017 first interim dividend will carry immediate dividend rights. An application will be made to admit the new shares for trading on the Euronext Paris market.
The ex-dividend date for the 2017 first interim dividend is set for September 25, 2017. Shareholders may select to receive the 2017 first interim dividend payment in new shares during the period from September 25, 2017, to October 4, 2017, both dates inclusive, by instructing their financial brokers.
For Totals American Depositary Shares (ADS), the ex-dividend date for the 2017 first interim dividend is set for September 21, 2017. ADS holders may select to receive the 2017 first interim dividend payment in new shares during the period from September 25, 2017, to September 29, 2017, both dates inclusive, by instructing their financial brokers.
Shareholders who do not select to receive the 2017 first interim dividend payment in new shares within the specified timeframe will receive the 2017 first interim dividend due to them in cash. The date for the payment in cash is planned for October 12, 2017.
For shareholders who elect to receive the 2017 first interim dividend in shares, the date for the delivery of the shares is planned for October 12, 2017. For holders of Totals American Depositary Receipts, the delivery of the ADSs is planned for October 19, 2017.
If the amount of the 2017 first interim dividend for which the option is exercised does not correspond to a whole number of shares, the shareholders may opt to receive either the number of shares immediately above, having paid a cash adjustment on the day they exercise their option, or the number of shares immediately below, plus a balancing cash adjustment.
About Total
Total is a global integrated energy producer and provider, a leading international oil and gas company, and a major player in low-carbon energies. Our 98,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits. total.com
* * * * *
Total contacts
Media Relations: +33 1 47 44 76 55 | presse@total.com | @TotalPress
Investors Relations: +44 (0)207 719 7962 | holding.communication-financiere@total.com
Cautionary note
This news release is provided for information purposes only and does not constitute an offer to purchase securities. This news release and any other document relating to payment of dividends in shares may only be published outside of France in conformity with applicable local laws and regulations and shall not constitute an offer for securities in jurisdictions where such an offer would violate applicable local law. The option to receive the 2017 first interim dividend in shares is not open to shareholders residing in any jurisdiction where such option would give rise to a registration requirement or require the granting of any authorization from local securities regulators; shareholders residing outside of France are required to inform themselves of any restrictions which may apply under their local law and comply with such restrictions. Shareholders must inform themselves of the conditions and consequences of the exercise of such option, which may be applicable under local law. In making their decision to receive the dividend in shares, shareholders must consider the risks associated with an investment in shares.
Exhibit 6
Press Release
Total signs agreement with Chevron on exploration in deepwater Gulf of Mexico
Paris, September 22, 2017 - Total announces that its subsidiary, TOTAL E&P USA, INC. (Total), has entered into an agreement to capture 7 prospects operated by CHEVRON U.S.A. INC. (Chevron) in the deepwater Gulf of Mexico. The agreement covers 16 blocks.
The associated prospects are located in two promising plays and areas of the GoM: Wilcox in Central GoM next to the Anchor discovery, and Norphlet in Eastern GoM nearby to the Appomattox discovery. Totals participation in these wells will be between 25% and 40%. The first of these wells was spudded late July on the Ballymore prospect in Mississippi Canyon.
This agreement, together with the recently announced participation in the Jack field as part of the Maersk Oil acquisition, increases Totals footprint in the USA GoM where it can apply its exploration expertise and deepwater technologies. Total values Chevrons performance as a GoM deepwater company and this agreement expands a successful co-ownership already in place on the Tahiti field, stated Arnaud Breuillac, President Exploration & Production. As a continued effort to highgrade its portfolio, Total won six offshore exploration licenses in the August Lease Sale.
Total Exploration & Production in the United States
Total has been active in Exploration & Production in the United States since 1957.
In the Gulf of Mexico, Total focuses on the deepwater with a participation in two producing fields, Tahiti with 17%, operated by Chevron, and Chinook with 33.33%, operated by Petrobras, as well as in the world-class discovery of North Platte with 40%, operated by Cobalt International. As part of the acquisition of Maersk Oil company, Total will also become a 25% partner in the Chevron operated Jack field. Total also has a participation in over 160 exploration leases.
Onshore, Total owns and operates 100% of the former Chesapeake properties in the Barnett and is a 25% participant in the Utica field.
About Total
Total is a global integrated energy producer and provider, a leading international oil and gas company, a major player in low-carbon energies. Our 98,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits.
* * * * *
Total contacts
Media Relations: +33 1 47 44 46 99 | presse@total.com | @TotalPress
Investors Relations: +44 (0)207 719 7962 | holding.communication-financiere@total.com
Cautionary note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms Total and Total Group are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words we, us and our may also be used to refer to subsidiaries in general or to those who work for them.
This document may contain forward-looking information and statements that 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. Neither TOTAL S.A. 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.
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