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Project(s): View 10 related projects in PECWeb
Plant(s): View 9 related plants in PECWeb
Released April 12, 2018 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Total S.A. (NYSE:TOT) (Paris, France) is enjoying an uptick in oil prices and strong sales for its downstream products, and is ready to take advantage of accelerating oil and gas demand. Industrial Info is tracking more than $41 billion in active projects from Total and its subsidiaries, more than 60% of which is attributed to the 10 highest-valued projects. About 90% of the total can be found in just three industries: Oil & Gas Production, Power Generation and Chemical Processing.
Click on the image at right to see a graph detailing Total's global projects, by industry.
Nearly a quarter of the total investment value is attributed to Total's $2.5 billion liquefied natural gas (LNG) production facility in Port Moresby, Papua New Guinea. The facility would produce 6.8 million tons per year of LNG from the Elk-Antelope natural gas fields, which hold an estimated 17 trillion cubic feet. The Papua LNG Project Joint Venture (PNG LNG) partners include subsidiary Total Oil Asia Pacific Pte Limited, which holds 40.1% and is the operator; Exxon Mobil Corporation's (NYSE:XMO) (Irving, Texas) PNG subsidiary, which holds 36.5%; Oil Search Limited (Port Moresby, Papua New Guinea), which holds 22.8%; and others holding 0.5%.
It would be located next to ExxonMobil's PNG LNG Production Plant, which has a nameplate capacity of 6.9 million tonnes per year and is Papua New Guinea's biggest export earner. Last month, operations at the PNG LNG facility were suspended after a 7.5-magnitude earthquake hit the area on February 26. Total and the PNG LNG owners hope to make a final investment decision next year on the proposed production plant, to enable new volumes to begin flowing by 2023-24, according to LNG World Shipping. For more information, see Industrial Info's project report.
Africa holds the second-highest investment value for Total's projects after Papua New Guinea, led by the $3.3 billion crude-oil floating, production, storage and offloading (FPSO) facility in Nigeria's Gulf of Guinea, which is in its final stages of construction. The 34,000-tonne facility recently was installed in 33.5-meter-deep waters in the Egina Field and can store up to 2.3 million barrels per day of crude oil. Partners in the project include China National Offshore Oil Corporation (CNOOC), Petrobras (NYSE:PBR) (Rio de Janeiro), Nigerian National Petroleum Corporation (NNPC) (Abuja, Nigeria) and South Atlantic Petroleum (Lagos, Nigeria). For more information, see Industrial Info's project report.
Two FPSO projects are in the works in Angola, where subsidiary TotalFinaElf is converting a pair of very large crude carriers (VLCC) to FPSOs as part of a broader deepwater development. The $2 billion Kaombo 1 vessel conversion and the $2 billion Kaombo 2 vessel conversion in the Gulf of Guinea each are expected to have an oil-treating capacity of 115,000 BBL/d, water-injection capacity of 200,000 BBL/d, gas-compression capacity of 100 million standard cubic feet per day and storage capacity of 1.7 million barrels of oil. Both are located in Block 32 of the Kaombo Field, about 260 kilometers offshore the capital city of Luanda. For more information, see Industrial Info's project reports on Kaombo 1 and Kaombo 2.
The Kaombo 1 development features a $700 million natural gas wellhead platform and riser platform that will include 20 manifolds to connect 59 wells to the Kaombo 1 FPSO, as well as 20 subsea manifolds and 65 vertical subsea well sets. For more information, see Industrial Info's project report.
Other top-valued offshore projects from Total include:
Total's Italian subsidiary is seeking permits for a $1.98 billion crude oil-processing plant in Gorgoglione, Italy. The facility, still in its early phases, would process, separate and condition roughly 50,000 barrels per day to be sent to refineries. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
Click on the image at right to see a graph detailing Total's global projects, by industry.Nearly a quarter of the total investment value is attributed to Total's $2.5 billion liquefied natural gas (LNG) production facility in Port Moresby, Papua New Guinea. The facility would produce 6.8 million tons per year of LNG from the Elk-Antelope natural gas fields, which hold an estimated 17 trillion cubic feet. The Papua LNG Project Joint Venture (PNG LNG) partners include subsidiary Total Oil Asia Pacific Pte Limited, which holds 40.1% and is the operator; Exxon Mobil Corporation's (NYSE:XMO) (Irving, Texas) PNG subsidiary, which holds 36.5%; Oil Search Limited (Port Moresby, Papua New Guinea), which holds 22.8%; and others holding 0.5%.
It would be located next to ExxonMobil's PNG LNG Production Plant, which has a nameplate capacity of 6.9 million tonnes per year and is Papua New Guinea's biggest export earner. Last month, operations at the PNG LNG facility were suspended after a 7.5-magnitude earthquake hit the area on February 26. Total and the PNG LNG owners hope to make a final investment decision next year on the proposed production plant, to enable new volumes to begin flowing by 2023-24, according to LNG World Shipping. For more information, see Industrial Info's project report.
Africa holds the second-highest investment value for Total's projects after Papua New Guinea, led by the $3.3 billion crude-oil floating, production, storage and offloading (FPSO) facility in Nigeria's Gulf of Guinea, which is in its final stages of construction. The 34,000-tonne facility recently was installed in 33.5-meter-deep waters in the Egina Field and can store up to 2.3 million barrels per day of crude oil. Partners in the project include China National Offshore Oil Corporation (CNOOC), Petrobras (NYSE:PBR) (Rio de Janeiro), Nigerian National Petroleum Corporation (NNPC) (Abuja, Nigeria) and South Atlantic Petroleum (Lagos, Nigeria). For more information, see Industrial Info's project report.
Two FPSO projects are in the works in Angola, where subsidiary TotalFinaElf is converting a pair of very large crude carriers (VLCC) to FPSOs as part of a broader deepwater development. The $2 billion Kaombo 1 vessel conversion and the $2 billion Kaombo 2 vessel conversion in the Gulf of Guinea each are expected to have an oil-treating capacity of 115,000 BBL/d, water-injection capacity of 200,000 BBL/d, gas-compression capacity of 100 million standard cubic feet per day and storage capacity of 1.7 million barrels of oil. Both are located in Block 32 of the Kaombo Field, about 260 kilometers offshore the capital city of Luanda. For more information, see Industrial Info's project reports on Kaombo 1 and Kaombo 2.
The Kaombo 1 development features a $700 million natural gas wellhead platform and riser platform that will include 20 manifolds to connect 59 wells to the Kaombo 1 FPSO, as well as 20 subsea manifolds and 65 vertical subsea well sets. For more information, see Industrial Info's project report.
Other top-valued offshore projects from Total include:
- a proposed, $3 billion addition to an gas and condensate production platform, offshore Azerbaijan in the Caspian Sea; see project report
- a $700.5 million LNG floating storage and regasification unit (FSRU), offshore Myeik, Myanmar; see project report
Total's Italian subsidiary is seeking permits for a $1.98 billion crude oil-processing plant in Gorgoglione, Italy. The facility, still in its early phases, would process, separate and condition roughly 50,000 barrels per day to be sent to refineries. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
