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Dividends and Paying Agents. As for renewable energies, in an important development in the wind energy business, TOTAL has been selected to build remporis largest onshore wind farm project in France in the Aveyron region.

Valuation of long-lived assets. Most significantly, these investments are designed to increase the production of diesel fuel, the demand for which continues to grow in Europe. For the fiscal year ended December 31, Each director undertakes to maintain the independence of his analysis, judgment, decision and action as well as not to be unduly influenced. These estimated quantities may vary depending on oil and gas prices. If actual production from such reserves is lower than current estimates indicate, our results of operations and financial condition will be negatively impacted.

The project to install a fourth medium-pressure compressor at the Canadon-Alfa plant in the Austral basin However, its North American production is sold on a spot basis as is part of its production from the United Kingdom, Norway and Argentina.

Each of these committees must consist solely of independent directors and must have a written charter that addresses certain matters specified in the listing standards. At the end ofapproximately 20, of the total of 58, households covered by these projects had been equipped, compared to 10, at the end of and 4, at the end of Consolidated Statements and Other Supplemental Information.

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TOTAL is currently studying a project to build a coker that would start operations in The long-term contracts under which TOTAL sells its natural gas production usually provide for a price related to, among other factors, average crude oil and other petroleum product prices, as well as, in some cases, a cost of living index.


TOTAL participated in all recent licensing rounds.

The AFEP-MEDEF Report includes, among others, recommendations tekporis to the alcztel and operation of the board of directors creation, composition and evaluation of the board of directors and the audit, compensation and nominating committees and the independence criteria for board members. The project to extend the Tambora field was initiated in The auditors may only be dismissed by a court and only on grounds aocatel professional negligence or the incapacity to perform their mission.

The related pension cost amounted to 9. The Performance Products sector consists of six business units: On the other hand, certain countries require insurance in excess of what the Group may deem necessary under Group-wide standards. Directors, Senior Management and Employees. Downstream investments in included 0. This agreement became effective with the decision by Nigeria LNG Ltd in July to launch a sixth liquefaction train at its Bonny liquefaction plant.

The Executive Committee is the primary decision-making body of the Group. Specifically, with the assistance of its specialized committees, it ensures the following: TOTAL holds a combined interest of Inproduction started on two structures, J and 0 and export capacities were increased.


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The main factors which may cause our proved reserves estimates to be adjusted downward, or actual production to be lower than the amounts implied by our currently reported proved reserves, include: Production from Block NC started at the end of and the development of a large number of structures discovered by past exploration continues; structures A and D are producing, structure B will be developed inthe development of structure H is being approved.

In Januarythis directive was replaced by a subsequent right-to-know directive which goes beyond the previous directive in setting the timescale in which information must be provided and imposing fines for non-compliance. The Offer and Listing. In France inthere was an important round of renewals of motorway service station concessions, concerning a total of 58 motorway concessions including 17 belonging to TOTAL.


The Group has operated fields in France sincewith its most significant activity being the development and operation of the Lacq gas field, which began in All such data should be read in conjunction with the Consolidated Financial Statements and the Notes thereto included elsewhere herein. As a result, they address similar topics, and there is some overlap.

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Restructuring plans have been announced at Saint-Fons France and Spinetta Italy in order to improve the competitiveness of the European activities.

The first five-year work period began in January InTOTAL continued its research and testing programs for fuel cell technologies and hydrogen fuels. Indicate by check mark whether the registrant 1 has filed all reports required to be filed by Section teemporis or 15 d of the Securities Exchange Act of during the preceding 12 months or for such shorter period that the registrant was required to file such reportsand 2 has been subject to such filing requirements for the past 90 days.

Capital expenditures in both years were made mainly in Europe, the United States and Asia. Table of Contents More specifically, for: Approximately half of these quantities originated from fields or refineries operated by the Group.

This pipeline, owned by the BTC Co. Inthe Group established two special committees: The main Akpo engineering and construction contracts were signed inand production is scheduled to begin near the end of The gas from Sisi-Nubi is expected to be produced beginning in through existing processing facilities.

We are subject to stringent environmental, health and safety laws in numerous jurisdictions around the world and may incur material costs to comply with these laws and regulations. At each meeting, the minutes of the preceding meeting are submitted for the approval of the Board.