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Estimated oil and gas reserves are based on available reservoir data and prices and costs in the accounting period during which the estimate is made and are subject to future revision.
Three additional discoveries, I, J and K, were made in InTOTAL continued to implement new technologies aimed at improving efficiency, particularly in purchasing, logistics and sales. The Group has other obligations in connection with pension plans which are described in Note 19 of the Notes to the Consolidated Financial Statements. The unit is scheduled to begin operating near the end of Other parameters are surveyed and measured. There are fewer major turnarounds scheduled for than in More specifically, an action plan was defined for the period, focused on two initiatives for improvement: With operations in more than countries, TOTAL engages in all aspects of the petroleum industry, including apcatel operations tepmoris and gas exploration, development and production, LNG and downstream operations refining, marketing and the trading and shipping of crude oil and petroleum products.
TOTAL is participating in a number of natural gas-fired electricity generation facilities in Europe, South America, Asia and the Middle East as part of its strategy of pursuing opportunities at all levels of the gas value chain. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer.
At the same time, OIRC negotiates a global reinsurance program with mutual insurance companies for the oil industry and commercial reinsurers. Further negotiations to finalize the agreements are underway. This agreement became effective with the decision by Nigeria LNG Ltd in July to launch a sixth liquefaction train at its Bonny liquefaction plant.
Risk Evaluation and Management. Options granted prior to January 1, Inprices reached record levels which adversely impacted demand, particularly in Europe. The Trading division undertakes certain physical transactions on a spot basis, but also enters into term and exchange arrangements and uses temporjs instruments such as futures, forwards, swaps and options. For new products, risk characterizations and evaluations are performed. The extension of the Vigdis field in the Tampen zone 5.
In Aprilthe Hazira re-gasification terminal on the west coast of the Gujarat state in India was inaugurated, with an initial capacity of 2. The first stage of exploration involves geologic risks. TOTAL is also a shareholder Neither notife Chairman nor the President-Chief Executive Officer may continue in office beyond his or her sixty-fifth birthday.
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Any of these factors could lead to cost overruns and impair our ability to make discoveries or complete a development project, or to make production economical. They may be negatively impacted by a variety of factors which could cause such estimates to be adjusted downward in the future, or cause our actual production to be lower than our currently reported proved reserves indicate.
Alxatel AFEP-MEDEF Report recommends, however, that at least half of the members of the board of directors be independent in companies that have a dispersed ownership structure and no controlling shareholder. At the femporis ofTOTAL ranked fourth among international oil companies in terms of market capitalization. Bitumens, heavy fuel, gasoline, diesel and fuels are sold through these online services. Other refineries in which the Group has an interest 5. With higher oil prices, the volume of entitlement necessary to cover the same amount of expenses is lower.
These Risk Prevention Plans will implement various urbanization measures in order to reduce risks to urban environments surrounding industrial sites. If our established financial reserves prove not to be adequate, environmental costs could have a material effect on our results of operations and our financial position.
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TOTAL is currently a partner in facilities with the capacity to generate more than 5, MW of electricity, equivalent to 2, MW net to the Group excluding cogeneration facilities linked to its refining activities.
The start of commercial operations for this terminal is expected in The Offer and Listing. For example, the Downstream and Chemicals segments have made specific investments related to the protection of units, reinforcement of control rooms and security motice logistics stored volumes, transportation chains.
Gas production from the Visund field 7. Thierry de Rudder 3. Oil and gas exploration and production require high levels of investment and are associated with particular risks and opportunities. The adjusted business tempors results adjusted operating income and adjusted net operating income are defined as replacement cost results, adjusted for special items. On sites with significant technological risks, acatel analyses are performed for new developments, updated in case of planned significant modifications of existing equipment, and periodically re-evaluated.
Its operations are focused on two production sharing contracts in the Taoudeni basin that covers 58, km 2 lacatel a desert zone in the north eastern section of the country.
These leases are now integrated within the Surmont project.
In addition, the Zlcatel expects a five-fold increase in the production of its photovoltaic cells and plans to build a new solar panel factory in Toulouse, France. Amounts in accordance with IFRS.
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The Group is one of the leading marketers, based on refined product sales, in the combined six largest markets in Europe France, Spain, Benelux, United Kingdom, Germany and Italy. Crude oil, including condensate and natural gas liquids. A presentation was also made on the internal audit work plan for Akm 2 gravimetric survey was conducted in The subsea development of the Ttemporis oil field