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2018 Offshore Technology Yearbook

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2018 OFFSHORE TECHNOLOGY YEARBOOK | KEY PLAYERS 22 | December 2017 | hartenergy.com is expected to start up in 2022. Phase 2 will add another processing platform to the field center, bringing total processing capacity to 660 Mboe/d, and development of Avaldsnes, Kvitsøy and Geitun- gen satellite areas. Statoil plans to begin a drilling campaign on the Aasta Hansteen gas field in the Norwegian Sea in late 2017 or early 2018. The estimated recoverable reserves are 1,660 Bscf (47 Bscm) of gas. statoil.com Total • Ranked No. 30 on Fortune's Global 500 list • Acquired Maersk Oil & Gas Total is the fourth largest oil and gas company in the world, operating in more than 130 countries with 98,000 employees. It produces 2.45 MMboe/d and plans to add more than 700 Mboe/d by 2020. The company's adjusted net income in the first half of 2017 was $5 billion, up 32% from the same period in 2016. Adjusted net operating income from E&P was $2.74 billion, up from $1.43 billion in first-half 2016. In August, Total announced its 100% acqui- sition of E&P company Maersk Oil & Gas, a wholly owned subsidiary of A.P. Møller–Maersk, expected to close in first-quarter 2018 with an effective date of July 1, 2017. Through the acqui- sition, Total has gained about 1 Bboe of 2P/2C reserves (85% of which are in OECD countries); 160 Mboe/d of additional production in 2018, which is estimated to grow to more than 200 Mboe/d by the early 2020s; and operational, com- mercial and financial synergies that total more than $400 million annually. Offshore Republic of the Congo, Total started production this year from the Moho Nord project on the Moho Bilondo license. Operator of the proj- ect, Total is using both a floating production unit and a tension-leg platform to produce the field, totaling about 100 Mbbl/d in production. Total's ultradeepwater project Kaombo offshore Angola is expected to produce first oil in 2018 with an esti- mated combined oil production capacity of 230 Mbbl/d. The project will develop six fields in Block 32. Offshore Nigeria, the development of Total's Egina Field, launched in 2013, is underway; first oil is expected in 2018 with output reaching 200 Mbbl/d at plateau. Total also holds a 30% interest in the INPEX-op- erated Ichthys LNG project offshore Australia, expected to start up in first-half 2018. In deepwater Gulf of Mexico, Total has entered into an agreement to participate in seven pros- pects across 16 blocks in the Wil- cox and Norphlet plays. Total's participation in these Chevron- operated prospects will be between 25% and 40%. The company has started production in the Edradour and Glenlivet gas and conden- sate fields offshore U.K. The fields will add up to 56 Mboe/d of production capacity. Addi- tionally, Total has signed a 20-year contract to develop and produce from Phase 11 of the South Pars gas field, the world's largest gas field, in partnership with China's CNPC and NIOC subsidiary Petropars. total.com n A tension-leg platform in Moho Nord offshore Demo- cratic Republic of the Congo is shown at dusk. (Photo by Mal- fere Damien, courtesy of Total)

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