ENTERING A NEW PHASE AS OPERATOR Martin Borthne Director, Operations & Projects Total E&P Norge AS Norwegian Operators Conference 2015

18 November 2015

TOTAL IN NORWAY

TOTAL REVENUES

MILLION NOK

NET AVERAGE DAILY PRODUCTION THOUSAND BOE

42 624

242

OPERATING PROFIT MILLION NOK

RESERVES OF OIL AND GAS

22 323 Norwegian Operators Conference 2015

Approx. 11% of the global Total Group production

MILLION BOE

958 2

OUR RESPONSE IN FOUR WORDS

Safety

Norwegian Operators Conference 2015

Delivery

Cost

Cash

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THE MARTIN LINGE FIELD DEVELOPMENT

Production platform with 21 well slots. LQ with 95 beds (normal POB ~ 20). Total weight ~ 22,000 tons. 8-leg jacket, ~ 16,000 tons in 115 water depth

FSO (converted tanker) Storage capacity ~ 600 kbbl Onshore power substation (Kollsnes)

Drilling rig

162 km AC power / fiber optic cable

Flowlines + power P/F  FSO

Oil reservoir (Frigg) ~ 1,700 m / 22 °API

70 km 24” Pipe line to FUKA network with subsea tie in. 10 wells: 3 oil / 1 water injection Plateau @ ~ 100 kboe/d Total, op. Petoro Statoil

/ 6 gas

Gas reservoir (Brent) ~ 3600 m – 3850 m 136°C / 749 bars

51% 30% 19% Onshore operations center

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General

General

OOC /CCR

Kollsnes Power Supply

ComEx 11-2011

PDO approval 06-2012

Construction start 02-2013

Construction start 08-2013

-

2012

Jacket

First steel cutting 08-2012

SURF

Start fabrication of GEP 03-2013

Norwegian Operators Conference 2015

2013

FSO

FSO model test 08-2013

Jacket

1st rollup 12-2013

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SURF

Delivery of FUKA Wye structure 02-2014

Topside

Steel cutting Korea 04-2014

OOC

OOC building complete 06-2014

Kollsnes

Critical items at site 10-2014

2014

Jacket

Jacket

Ready for loadout 05-2014

Installation /Launch 06-2014

Norwegian Operators Conference 2015

Jack-up rig

SURF

FUKA tie-in 06-2014 GEP pipelay complete 08-2014

Maersk Intrepid on location 08-2014

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MAIN MARTIN LINGE PROJECT LOCATIONS

• •

Most of the activities in Europe And some in Asia as well

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Topside

Start LQ erection 01-2015

Topside

Topside

Topside

FAT Gas-compressors 03-2015

Erection start (U&P) 08-2015

LQ move (levels 1-5) 08-2015

2015

Kollsnes Power Supply

Facilities completion 05-2015

SURF

SURF

FSO

PFS cable installed 04&05-2015

Flowlines installed 06-2015

FSO arrival Remontowa 09-2015

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DEVELOPMENT OF THE OIL RESERVOIR COMPLETED

Completed: • 3 oil wells • 1 water injection well • Very good productivity from the ”Frigg level” oil reservoir Continued drilling: • Gas wells

Recoverable reserves: • New est.: 199 mboe PDO: 189 mboe

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MARTIN LINGE SUBSURFACE 29/6-1

29/9-1 30/7-8R

Martin Linge Frigg Oil H

30/7-2

30/4-2

Pilot & Drain

- Depth upper Frigg: 1705 – 1758m 30/7-6R

- Frigg Fm. Unconsolidated Sand 5 Darcy - Oil quality: 4.9 cP / 22 ºAPI / TAN: 3.5 -3 oil producers + 1 PWRI

Martin Linge West and Central - 2 gas wells

HildOil Oil (Frigg Fm) ML

Hild West ML West

Herja Herja

MLEast East Hild HildCentral Central ML

Gunn N Gunn N

Gunn W Gunn W

Martin Linge East Brent - Depth top Brent: 3600 – 3850m - Pressure: 749 bar @ 3815m TVDSS - Temp: 136o C - 4 gas wells

Gunn GunnSS

N

UPSIDES B

Svava Svava

Hild South ML South

•Several prospects at both Brent and Eocene level. •Potentital future tie-ins

A

The Martin Linge platform: 21 slots Core development initially for 11 wells (now 9 + Herja) 10 slots for prospects and contingencies Norwegian Operators Conference 2015

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Topside

SURF

Topside

Block erection utility & process complete 02-2016

Risers structures complete 04-2016

LQ completion 05-2016

Topside

Start commissioning (U&P) 08-2016

2016

Mooring

Delivery mooring system 01-2016 Norwegian Operators Conference 2015

Mooring

SURF

FSO

Mooring & buoy installation

Riser system installation

FSO leaving Remontowa 10-2016

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Topside

Sailaway Korea 03-2017

Topside

Heavy lift 05-2017

Topside

Topside

Start hook-up & comm. 06-2017

Gas Export 01-2018

2017

Norwegian Operators Conference 2015

2018

SURF

FSO

Cable pull-in and hook up

FSO installation 10-2017

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A NEW AND INNOVATIVE OPERATING PHILOSOPHY

• • •

Integrated operations concept

•

Real-time monitoring through advanced solutions

Collaboration room Situation rooms

Onshore Operation Centre Low manning offshore during routine operations

• •

Modular, standardized design

•

Integrated supply chain

Drilling center Central control room Logistics center

Platform

FSO

Logistic Base

KPS

Condition-based and predictive maintenance on campaign basis

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Group + vendors Support

MAINTENANCE PHILOSOPHY

• • •

Maintenance offshore

•

Critical areas for operational efficiency:

Repair onshore No job delay due to logistics

• • •

Stock and logistics management Platform maintenance and inspection High accountability of assets required (equipment locations, tools, spares etc.)

• • •

Supply Chain and Operations Tracking (SCOT)

Asset Lifecycle Information Visualization (Viztool) Digitally Enhanced Mobile Operations Network (DEMON)

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MAINTENANCE AND MODIFICATIONS CONTRACTS

Operations and projects

Modifications and projects

Field operations IKM General maintenance

Specific maintenance

Small modifications

IKM, vendors, others

Fabric maintenance

Modifications contract(s)

Projects

IKM, others

IKM or others Norwegian Operators Conference, 19 November 2014

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EXPLORATION WELLS • Uptonia • Solaris

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DISCLAIMER AND COPYRIGHT RESERVATION

•

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

•

Disclaimer • This presentation may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, business, strategy and plans of TOTAL GROUP that are subject to risk factors and uncertainties caused by changes in, without limitation, technological development and innovation, supply sources, legal framework, market conditions, political or economic events • TOTAL GROUP does not assume any obligation to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise. Further information on factors which could affect the company’s financial results is provided in documents filed by TOTAL GROUP with the French Autorité des Marchés Financiers and the US Securities and Exchange Commission • Accordingly, no reliance may be placed on the accuracy or correctness of any such statements

•

Copyright • All rights are reserved and any material in this presentation may not be reproduced without the express written permission of the TOTAL GROUP

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