Our activities. in the USA

Transcription

1 Our activities in the USA

2 ONE COUNTRY MORE THAN 23 STATES 40 SITES 7,000 PEOPLE EMPLOYED CANADA MORE THAN $6.5B INVESTED AND FORECAST BETWEEN UNITED STATES MEXICO CUBA 500 km Total's headquarters Houston Washington D.C. Offshore Assets Chinook, Tahiti, North Platte, Jack, Anchor, Ballymore Onshore Assets Barnett, Utica Port Arthur Refinery Four petrochemicals plants and 19 chemical sites Lubricants blending facility SunPower's headquarters Saft - Five sales and production sites Acquisition of the Port Arthur Refinery 1973 Entry of Hutchinson in the United States Creation of American Petrofina 1984 Development of Polymer activities (PE-PP-PS) 2004 Established foothold in US LNG market 2011 Acquisition of Sunpower 2012 Agreements signed to export LNG North Platte discovery Total s Ballymore first HDA discovery in plant Gulf of Mexico outside of France Acquisition of Saft Total becomes operator of its Barnett asset 2

3 OUR ACTIVITIES IN THE USA TOTAL & THE UNITED STATES OF AMERICA MORE THAN SIXTY YEARS OF HISTORY Our story in the United States began in 1956 with the creation of American Petrofina in Texas. In the years since then, Total in the USA has grown from a refining and marketing presence to a fully-integrated oil and gas company with activities across the entire energy value chain. It s taken our pioneering spirit and a bit of American can-do attitude to identify opportunities to expand our footprint through acquisitions, partnerships, and investments. With safety as our guiding core value, we are committed to ensuring that every person in each of our locations goes home safely every day. Total leverages synergies from all areas of the business to continue to push for innovation and operational excellence that help us deliver energy and products more efficiently for all our stakeholders. Total s ambition in the USA continues today with the opening of a representative office in Washington D.C. and the development of significant projects including investments in LNG with Tellurian and Engie* that will make us a top exporter of U.S. liquefied natural gas. The application of our deepwater expertise in the Gulf of Mexico, the 100% operatorship of our Barnett shale gas asset, and agreements to expand our refining and petrochemicals business are among our commitments to further our presence here. "The United States is a key country for Total. A major discovery was made recently in Ballymore in the Gulf of Mexico, one of our latest investments. Total is moving ahead on our commitments to expand in petrochemicals, which recently included the completion of a new fluids plant in Bayport. In line with our renewables strategy, we also purchased Saft Batteries, which is a wonderful complement to the solar business with SunPower. It's an exciting time for Total in the USA." CHRISTOPHE GERONDEAU, Country Chair for Total in the USA To find out more: * Subject to closing of the Engie LNG acquisition 3

4 OUR ACTIVITIES IN THE USA EXPLORE AND PRODUCE EXPANDING OUR FOOTPRINT IN OFFSHORE AND ONSHORE OIL AND GAS FIELDS Active in Exploration and Production (E&P) in the United States since 1957, Total has a diverse portfolio of operated and non-operated oil and gas assets, from deep-offshore projects to onshore shale gas developments. In the Gulf of Mexico, our focus is on the deepwater domain, with working interests in two producing fields: Tahiti (17%), operated by Chevron, and Chinook (33.33%), operated by Petrobras. Following the closing of the acquisition of Maersk Oil*, Total will become a partner (25%) in the Chevron operated Jack field. We also hold a working interest in the North Platte discovery, operated by Cobalt International Energy, and in the Anchor discovery (12.5%), operated by Chevron. In January 2018, we announced a major oil discovery in the deep offshore Ballymore prospect. Our acquisition of a working interest in Ballymore (40%) was part of an exploration agreement with Chevron, signed in September 2017, covering seven prospects. To further strengthen our current exploration position across the region and to identify future growth opportunities, Total established an Americas Exploration hub in Houston, Texas in This hub supports the exploration activity of our E&P affiliates throughout North, Central and South America. Applying the same model, our drilling services for the U.S., Mexico and French Guiana will be centralized to our Houston office in At Total, we believe strongly in the power of innovation and invest considerably in R&D. Our researchers, based in Houston, Texas, and Palo Alto, California, develop cutting-edge technical tools and innovative quantitative techniques. Projects range from improving our seismic data acquisition and interpretation, using high-performance computing, to developing composite materials for lighter underwater pipelines. A number of our programs are conducted in partnership with universities, including Stanford, MIT, Rice University, and Princeton, and with national laboratories. 122 KBOE/D oil and gas production in 2017 * Subject to the closing of the Maersk Oil acquisition Onshore, Total operates approximately 100,000 barrels of oil equivalent per day (shale gas production) in the Barnett play and is a 25% participant in a joint venture operated by Chesapeake in the Utica shale play. 2,800 wells in the Barnett 4

5 OUR ACTIVITIES IN THE USA EXPLORE AND PRODUCE By investing in liquefied natural gas (LNG), solar power and electricity storage solutions, we step up to our commitment to produce cleaner energy. Natural Gas and Natural Gas Liquids Trading and Marketing Total in the USA was able to capitalize on the Group's worldwide experience in LNG to develop a portfolio of U.S. LNG export contracts. The recent agreement to acquire Engie's LNG assets* - including interests in the Cameron LNG liquefaction project in Louisiana - will help us ramp up our activity to account for more than 10% of the global U.S. LNG exports by By then, Total will be exporting LNG out of three liquefaction plants on the Gulf of Mexico. With a strong track record of trading on the U.S. energy markets (natural gas, natural gas liquids, power, dry products), Total markets its own shale gas production and offers services such as production marketing, midstream optimization, financial trading and risk management. A world leader in batteries With Saft, acquired in 2017, Total develops solutions for energy storage, a critical issue for the expansion of renewable energies. Saft - which has a manufacturing facility in Jacksonville, Florida - has supplied the space industry for over 50 years. With over 400 batteries in orbit, Saft has the largest fleet of batteries in space, equating to more than 35,000 cells with 620 million hours in operation. A fast-growing LNG activity Total Energy Ventures, our venture capital arm, is invested in 20 handpicked start-ups whose expertise can benefit Total and help create responsible energy options. In 2017, Total Energy Ventures was recognized as Corporate Investor of the Year in the Global Cleantech 100, an annual list of promising startups in the responsible technologies sector. Bringing tomorrow s solar solutions "We continue to make the world's best solar panels with technology developed and tested right here in Silicon Valley. These efforts result in domestic job creation, capital investments from our equipment manufacturers and dealers, and more affordable solar energy options for homes and businesses across the U.S. and around the world" - Tom Werner, SunPower President and CEO 7.6 MT/yr of LNG exports out of 3 liquefaction facilities by 2020 About 1 bcf/d of shale gas production marketed on domestic gas markets 25% World-record efficiency of SunPower solar cells * Subject to closing of the Engie LNG acquisition 5

6 OUR ACTIVITIES IN THE USA TRANSFORM AND DEVELOP STRENGTHENING OUR PRESENCE IN REFINING AND CHEMICALS From crude oils to gasoline and high-end plastic components, Total adds value along the whole U.S. petrochemical chain of production, investing to meet the country s growing demand for petrochemicals products. In the Port Arthur industrial complex in Texas, we refine up to 200,000 barrels per day. The plant can process heavy crude oil as well as lighter domestic crudes. It also has a dedicated unit to produce low-sulfur fuels, which reduce greenhouse gas emissions. We also own a steam cracker in a jointventure with BASF that can transform a wide range of feedstocks such as ethane, propane, butane and naphtha into ethylene, propylene, butadiene and other chemical raw materials. In March 2017, we unveiled a $1.7-billion investment project with Borealis and Nova to build a cracker that will start production in Petrochemicals are the linchpin of our U.S. business. Total operates one of the world s largest polypropylene plants in La Porte, Texas, which produces thermoplastic polymers used in applications ranging from packaging and textiles to lab equipment and automotive parts. We also own the world s largest styrene and polystyrene facility in Carville, Louisiana, and a polyethylene plant in Bayport, Texas, that makes plastic for containers including bottles. Our Cray Valley affiliate develops and produces additives for tires, automobile belts, sealants, paints and golf balls. Smart solutions for demanding markets Hutchinson, a Total affiliate, manufactures customized solutions for the automotive and aerospace industries such as thermal and acoustics insulation systems for planes and trains. More than 5,000+ employees working in 26 Refining & Chemicals sites across 14 states Over $2B in new investments, including an ethane cracker in Port Arthur that will create 1,500 jobs during peak construction activity 6

7 OUR ACTIVITIES IN THE USA SHIP AND MARKET DELIVERING HIGH-PERFORMANCE LUBRICANTS FOR ALL MARKET APPLICATIONS With operations in Special Fluids, Aviation Fuels and Lubricants, Total continues to establish its market presence by providing solutions tailored to serving customers' needs. Total's specialty fluids and solvents Total s high purity special fluids, manufactured at the Bayport facility, are used by industries across the USA ranging from oil & gas and paints & coatings to the aerospace and agricultural markets. As a major player in the US jet fuel market, Total services airports and airlines by pipeline and road across the country. Innovative lubricants sets us apart from competitors. In the United States, we manufacture, market and distribute high-performance lubricants for the automotive, heavy duty, food, metalworking, energy and manufacturing industries. We operate an ISO-Certified blending plant in Linden, New Jersey. A global trading arm A long legacy of motorsport partnerships Total is a leading sponsor of the Red Bull Global Rallycross, RLL Indycar and Paul Miller Racing as the Official Lubricant Partner. Through the TOTAL Quartz brand, Total partners with motorsports to grow our footprint in North America and deliver optimum performance and protection for engines on the track. In Houston, Texas, a dedicated team actively trades crude oil grades and refined petroleum products. Expansive network of Lubricant Distributors across all 50 states In 2016, Total invested over $100 million in a new special fluids facility in Bayport, Texas, that can produce over 250,000 tons per year Total sells over one million tons of jet fuel per year for 65,000 planes at over 12 airport locations As a leader in the development of energy price risk managment, our trading group provides a complete service to refining companies and crude oil producers aimed at optimizing their economics and helping them cope with market risks. 7

8 1 OUR ACTIVITIES IN THE USA

9 3 OUR ACTIVITIES IN THE USA PORTFOLIO 1 Solar panels donated and installed by SunPower and Total on the roof of the Houston Museum of Natural Science, Texas Engineers at the Bayport Petrochemicals plant, Texas. 3 An employee on the trading floor of Total s headquarters in Houston, Texas. 4 Onshore drilling in the Barnett, Texas. 5 Operator in the special fluids plant of Bayport, Texas. 6 Process engineers at the Port Arthur Refinery, Texas. 7 Total employees volunteering to clean up the Buffalo Bayou Park in Houston after Hurricane Harvey. 8 Port Arthur Refinery, Texas. 9 Laboratory specialist, reloads a machine in the laboratory of the Bayport Petrochemicals plant, Texas

10 OUR ACTIVITIES IN THE AMERICAS EXPANDING IN THE AMERICAS A PIONEERING SPIRIT TO ADDRESS COMPLEX CHALLENGES Established in the Americas for more than 60 years, we are continually growing our presence in the region. Our primary activities range from oil and gas exploration and production to customer services, as well as renewables. We employ about 19,300 people in 20 countries in the region, which provides 11% of the Group's total oil and gas production. We are present throughout the entire value chain, from exploration and production, refining and chemicals to distribution of petroleum products and services, and also renewable energy with solar power and batteries. Through all these activities, we are committed to providing energy that is affordable, reliable and clean, in compliance with the highest safety and environmental standards. LEVERAGING OUR E&P KNOW HOW Total is active in exploration and production in 10 countries presenting a range of technological challenges. In 2017, our main producing countries were the United States, Argentina and Canada. Recent achievements include the start-up of Vega Pleyade in Argentina and Incahuasi in Bolivia. We are expanding our portfolio in the U.S. (deep offshore Gulf of Mexico and Barnett shale gas) after growing our presence in deep offshore Brazil through a strategic alliance agreed with Petrobras in We also own interests in exploration in Aruba, French Guiana, Colombia and, since 2016, in Mexico. Our assertive global strategy in natural gas and LNG unfolds in the Americas through an increasing integration from regional production to gas liquefaction, trading and marketing, and regasification. SCALING UP IN REFINING & CHEMICALS Our American refining and chemicals activities are centered on the U.S. Gulf Coast, where we own the 200,000 barrel/day Port Arthur Refinery. The refinery is integrated with a 40% owned 1 MT/yr ethylene steam cracker. plant in Bayport (both in Texas). In Carville, Louisiana, we run the world s largest polystyrene plant, part of the world s biggest styrene facility. Other U.S. chemical activities include Cray Valley (hydrocarbon resins) and Novogy (bio-based products). Hutchinson (specialty chemicals) is present in Brazil, Mexico, Canada and the United States. BRINGING FUELS AND SPECIALTIES TO MORE AND MORE USERS In marketing, we are present in more than 20 countries with a range of products and services including retail networks, lubricants, aviation fuel, LPG and special fluids. In retail, we operate in several Caribbean islands and in Mexico with more than 600 service stations. The Group has built a special fluids production plant in Bayport, Texas, which has been operational since early LEADING IN RENEWABLES With the objective of facilitating the widest ranging access to energy, we also develop complementary energy sources such as solar. The Group is active along the entire solar photovoltaic value chain in the region, with SunPower and Total Solar, from the production of photovoltaic modules to the development of solar farms across the Americas. The Group develops utility-scale projects and solutions for industrial and commercial use, in which SunPower is a market leader in the U.S. With the presence of Saft Batteries in the U.S. and Brazil, Total furthers its expansion into renewables. MEETING A STRATEGIC REGIONAL CHALLENGE Today, with its new prospects, the Americas represent a strategic opportunity for Total. The launch of these exciting developments is dramatically changing the scope and scale of our operations in the region. In petrochemicals, Total operates one of the world s largest propylene plants in La Porte, and a polyethylene 10

11 OUR ACTIVITIES IN IN THE AMERICAS USA 200 KB/D REFINERY IN THE UNITED STATES* ABOUT 19% OF THE GROUP'S EMPLOYEES TOTAL OPERATES IN 20 NEARLY 600* SERVICE STATIONS COUNTRIES WORLD-CLASS REFINING AND PETROCHEMICALS FACILITIES Interests in 4 PETROCHEMICAL SITES 11% OF THE GROUP S HYDROCARBON PRODUCTION (279 kboe/d) 56.7% STAKE IN SUNPOWER* Interests in 19 CHEMICAL SITES *As of December 31, 2017

12 OUR WORLDWIDE ACTIVITIES AN INTEGRATED COMPANY Energy has a key role to play in addressing the complex challenges facing the world today. As a major integrated energy operator, we must contribute to meet them. EXPLORE AND PRODUCE To meet the energy needs of a burgeoning global population while preparing for the future, we continually innovate to produce sustainable and responsible solutions in oil and gas, solar energy, and bioenergies. TRANSFORM AND DEVELOP You may already know us through our network of service stations. But we do so much more to improve your daily life. Our industrial expertise in transforming oil and gas helps produce a wide range of everyday items such as cars, packaging and household appliances. SHIP AND MARKET We all require energy for heat, transportation, light in our homes and so much more. Total serves your needs worldwide each and every day. We bring energy from producing regions all the way to consumer hubs, working across a long, complex logistics chain. 1 OIL AND GAS 4 SPECIALTY CHEMICALS 7 2 SOLAR 5 POLYMERS 8 3 BIOENERGIES 6 REFINING-PETROCHEMICALS TRADING-SHIPPING PRODUCTS AND SERVICES Visit our website to know more about our activities: 12

13 OUR WORLDWIDE ACTIVITIES TOTAL S ACTIVITIES

14 OUR WORLDWIDE ACTIVITIES WE ARE COMMITTED TO BETTER ENERGY Total is a global integrated energy producer and provider, a leading international oil and gas company, and a major player in low-carbon energy. We explore for, produce, transform, market and distribute energy in a variety of forms, to serve the end customer. Our strength? Our 98,000 employees who are fully committed to better energy. Our ambition? Becoming the responsible energy major. To do that, we must address the main challenges that lie ahead of us in the next 20 years: To meet the needs of a growing world population, we are working to supply affordable energy that meets the highest safety and environmental standards; To tackle climate change, we are developing an energy mix consistent with the 2 C scenario and whose carbon intensity declines steadily; To anticipate customer needs and be recognized for our convenient, quality local service, we are introducing innovative solutions to promote responsible energy use. That is what it means to be committed to better energy. 14

15 OUR WORLDWIDE ACTIVITIES 6MAJOR INTEGRATED PLATFORMS IN REFINING & REFINERY THROUGHPUT 2.0 PETROCHEMICALS MILLION B/D 98,000 EMPLOYEES $171.5 * BILLION REVENUE NO. 4 INTERNATIONAL OIL AND GAS COMPANY BASED ON MARKET CAPITALIZATION IN U.S. DOLLARS AT DECEMBER 31, ,400+ SERVICE STATIONS (including AS24 networks) $17.5 BILLION $10.6 * KBOE/D ORGANIC BILLION ADJUSTED NET INCOME 2,566 * OIL AND GAS PRODUCTION INVESTMENTS Abbreviations --b: barrel --cf: cubic feet --/d: per day --/y: per year -- : euro --$ and/or dollar: U.S. dollar --t: metric ton --boe: barrel of oil equivalent --kboe/d: thousand boe/d --kb/d: thousand barrel/d --M: million --B: billion --MW: megawatt --FPSO: Floating Production Storage and Offloading --FPU: Floating Production Unit --FSU: Floating Storage Unit --LNG: Liquefied Natural Gas --LPG: Liquefied Petroleum Gas Conversion table --1 boe = 1 barrel of crude oil = approx. 5,390 cf of gas* in b/d = approx. 50 t/y --1 t = approx. 7.5 b (for a gravity of 37 API) --1 Bm 3 /y = approx. 0.1 Bcf/d --1 m 3 = approx cf --1 t of LNG = approx. 48 kcf of gas --1 Mt/y of LNG = approx. 131 Mcf/d * As of December 31, 2017.

16 Visit Total is a major energy player committed to supplying affordable energy to a growing population, addressing climate change and meeting new customer expectations. These commitments guide what we do. With operations in more than 130 countries, we are a global integrated energy producer and provider, a leading international oil and gas company and a major player in low-carbon energy. We explore for, produce, transform, market and distribute energy in a variety of forms, to serve the end customer. 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 worldwide consistently deliver economic, social and environmental benefits. Our ambition is to become the responsible energy major. Total U.S. headquarters 1201 Louisiana Street, Suite 1800 Houston, TX USA February 2018.