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Expanding our energies

Active in Exploration and Production in the United States since 1957, Total E&P USA, Inc.(“TEPUSA”) currently has a diverse portfolio of non-operated assets, ranging from deep offshore oil production and exploration in the Gulf of Mexico to onshore unconventional shale gas development (wet and dry gas).  From this portfolio, TEPUSA aims to double its production in 5 years (2012 – 2017).  TEP USA is supported by 100 staff from a variety of countries and regions.

Total E&P USA, INC strives to meet diverse industry challenges that include both conventional and unconventional oil and gas onshore and offshore operations by:

Collaborating with operators; bringing to the table their innovative, state-of-the-art technologies and experience to maximize production, revenues and profitability

Managing with the corporate values of the Total Group as defined in the Group Code of Conduct, including a commitment to health, safety and the environment

Continuously developing knowledge and skills to sustain a competitive advantage



Current Portfolio

JOINT VENTURE - SHALE GAS

In January 2010, Total E&P USA, Inc entered into uncoventional shale development through a joint venture transaction with Chesapeake Exploration, L.L.C.,a subsidiary of Chesapeake Energy Corporation (“Chesapeake”), acquiring a 25% interest in Chesapeake’s Barnett Shale assets.  In November 2011, TEPUSA completed a second joint venture agreement with Chespeake (and affiliates of its partner EnerVest Ltd)in which TEPUSA acquired a 25% share in Chesapeake and EnerVest’s liquids-rich area of the Utica shale.

Through these ventures, TEPUSA has developed expertise in unconventional hydrocarbons in order to aid the Total Group in extending its unconventional business worldwide.

Barnett

TEPUSA Ownership: 25%

Primary Operator: Chesapeake

Details:

The Joint Venture covers around 300,000 net acres of leasehold, with Total’s 25% equating to ~75,000 net acres, in the Core and Tier 1 areas of the Barnett field (Texas)

Utica

TEPUSA Ownership: 25%

Primary Operator: Chesapeake

Details:

Total owns a 25% share in Chesapeake’s and EnerVest’s liquids-rich area of the Utica shale play located across 10 counties on the eastern side of  the state of Ohio, USA.  The Joint Venture covers approximately 619,000 net acres, with Total’s 25% equating to ~155,000 net acres.

STRATEGIC ALLIANCE - DEEP WATER EXPLORATION, GULF OF MEXICO

In April 2009, TEPUSA entered into an agreement with Cobalt International Energy, L.P, forming the basis of a strategic alliance for deep water exploration in the Gulf of Mexico. Building on complementary competencies to successfully explore and develop a combined portfolio, this venture provides access to large number of prospects, mainly sub–salt, similar in nature to major discoveries in this area.

TEPUSA Cobalt Alliance: (TEPUSA 40%, Cobalt International Energy, L.P 60%)

The Alliance holds shared interest in more than 200 blocks and began an aggressive drilling schedule in 2009.


NON OPERATED DEVELOPMENT PROJECTS, GULF OF MEXICO

In the Gulf of Mexico, where TEPUSA focuses on the deepwater, TEPUSA currently participates in two major development projects.

Tahiti Field

Tahiti represents one of the largest discoveries in the Gulf of Mexico.

TEPUSA Ownership: 17%

Primary Operator: Chevron

Start up production: 2009

Details:

Located approximately 180 miles south of New Orleans in the Green Canyon area of the Gulf of Mexico in 4,100 to 4,300 feet of water, Tahiti lies below a salt canopy ranging from 8,000 to 15,000 feet thick with a primary reservoir at depths of 23,000 to 28,000 feet (Miocene formation).
The field is being developed with a SPAR and subsea wells, including equipment and wells for water injection.

Chinook Field

This innovative development will debut the first Floating Production Storage and Offloading vessel (FPSO) to the US Gulf of Mexico.

Ownership: 33.33%

Primary Operator: Petrobras

Start up production: 2012

Details:

Located approximately 225 miles south of New Orleans in the Water Ridge area of the Gulf of Mexico, in ultra deep water exceeding 8,500ft, the subsea wells were drilled to a total depth of approximately 27,000 ft (Lower Tertiary formation).
The available crude storage capacity of the FPSO is approximately 600,000 bbl of crude oil, which is transported to shore via a dedicated shuttle tanker.

JOINT VENTURE OIL SHALE PILOT PROJECTS

Joint Venture with Genie Oil & Gas (American Shale Oil; "AMSO")

Ownership: 25%

Location: NW Colorado

Date entered in Joint Venture agreement: March 2009

Details:

In the pilot stage of an innovative in-situ process for oil shale production

Joint Venture with Red Leaf

Ownership: 50%

Location: NE Utah

Date entered in Joint Venture agreement: March 2012

Details:

Front end engineering and design of the demonstration stage of a new Ex-situ process for oil shale production


 


LEARN MORE

Apr. 08, 2010
Gulf of Mexico: TEPUSA transfers its interests in Virgo and Matterhorn to W&T Offshore, Inc.

Jan. 04, 2010
TEPUSA signs an agreement to enter into a joint venture with Chesapeake and to acquire 25% of Chesapeake Barnett Shale gas portforlio


 


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