TOTAL RECEIVES THE FIRST OIL OF THE MERO AND LAPA FIELDS

March 23, 2018

Total E & P do Brasil, a subsidiary of Total Group, completed its first oil loading operations in the Lapa and Mero fields, located in the Santos Basin pre-salt. In the first operation, Total received 690,000 barrels of oil from the FPSO Cidade de Caraguatatuba, in the Lapa field, related to the company’s 35% stake in the asset. The Lapa field is located 270 kilometers off the coast of São Paulo, in the pre-salt of the Santos Basin. In January, Total took over the Lapa operation, becoming the first international company to operate a field in production in the Brazilian pre-salt.

In the second operation, Total received 250,000 barrels of oil from the Pioneiro de Libra FPSO in the Mero field, related to the company’s 20% stake in the Libra Consortium. The Mero field is located in the northwest area of ​​the Libra block, about 180 kilometers off the coast of Rio de Janeiro, in the pre-salt of the Santos Basin.

Completion of operations is an important step for Total in Brazil, as it marks the beginning of cash generation of assets. The production of oil in Brazil will contribute significantly to the long-term growth of Total Group production. The Lapa consortium is operated by Total (35%), in partnership with Shell (30%), Repsol Sinopec (25%) and Petrobras (10%). The Libra consortium is led by Petrobras (40%), in partnership with Total (20%), Shell (20%), CNOOC Limited (10%) and CNPC (10%). PPSA) as manager of the Production Sharing Agreement.

Total believes that Brazil is a key region for the Group’s overall growth strategy. The company operates in the country through five subsidiaries in the Exploration & Production, Marketing & Services, Refining & Chemicals and Gas, Renewables & Power sectors, and has around 3,000 employees. Worldwide, the group operates in 135 countries with 98,000 employees.