Stmt re Joslyn SAGD project
Total S.A.
07 November 2006
Joslyn SAGD Project Enters Commercial Production in Canada
Paris, November 7, 2006 - Total announces the startup of the commercial phase of
its Joslyn project in the Athabasca region. The Joslyn lease is located about
60 kilometres northwest of Fort McMurray, Alberta, Canada.
Deer Creek Energy Limited, a wholly owned subsidiary of Total, is the operator
of Joslyn with an 84% interest. The Joslyn lease will be produced using both
SAGD and oil sands surface mining technologies.
This first development using steam assisted gravity drainage (SAGD) will bring
production to 10,000 barrels of bitumen per day at plateau, which will be
shipped after dilution to a terminal on the Athabasca Pipeline.
The startup of this phase of the Joslyn SAGD project represents the first
commercial production from the Joslyn lease. It is a further key step in Total's
strategy to developing its heavy oil resources in Canada. Total estimates
cumulative production from the Joslyn lease at around 2 billion barrels of
bitumen.
Mining developments are planned for the first part of the next decade. An
application for the first 100,000 barrels of bitumen per day surface mining
project was submitted to the regulatory agencies in February 2006 and is
currently being reviewed.
Total also has a 50% working interest in the Surmont SAGD project, which is
expected to begin production from its first commercial phase in early 2007 and
reach plateau production of 27,000 barrels per day. The potential production
from Surmont is more than 200,000 barrels per day.
Total's share of the aggregate production from Surmont and Joslyn should reach
near to 300,000 barrels per day in the next decade. In addition, the Group has
taken significant positions in other neighboring blocks and is actively studying
downstream solutions to upgrade the bitumen.
******
Total is one of the world's major oil and gas groups, with activities in more
than 130 countries. Its 95,000 employees put their expertise to work in every
part of the industry - exploration and production of oil and natural gas,
refining and marketing, gas trading and electricity. Total is working to keep
the world supplied with energy, both today and tomorrow. The Group is also a
first rank player in chemicals. www.total.com
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