French Guyana: Total Commits to Carry out Its Exploration Campaign with Transparency and Invites NGOs to Visit Drilling Operations
TOTAL
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) is ready to start its exploration campaign on the Guyane Maritime license, located 150 kilometers off the French Guyana coast, in the days following the arrival of the drilling ship on site, as authorized by the prefectoral decree dated October 22, 2018.
Conscious of the questions that this campaign could raise, Total wishes to highlight that it is a responsible company that conducts operations while constantly seeking to minimize the environmental risk and is determined to act with transparency. As such, Total commits to the following:
About the Guyane Maritime license
The Guyane Maritime license is an existing exploration license, awarded in 2001. Its extension was requested in March 2016 and granted on September 14, 2017, in accordance with the legislation on hydrocarbons dated December 30, 2017
Located 150 kilometers off the coast and mostly deepwater, the license covers 24,000 square kilometers beyond the Guyanese continental shelf. The drilling area is located in the central part of the license, at 2,000 meters water depth.
Total’s objective on the Guyane Maritime license is to drill one last exploration well, following the five formerly drilled between 2011 and 2013 in order to conclude definitively whether an exploitation phase is relevant.
About Total
Total is a major energy player, which produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.
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Cautionary note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms “Total†and “Total Group†are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words “weâ€, “us†and “our†may also be used to refer to subsidiaries in general or to those who work for them.
This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
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