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Monday, November 1, 2010

Total Signed an Agreement With Pearl Oil in The Sebuku License


Total signed an agreement with Pearl Oil (Sebuku) Ltd ("Pearl"), to acquire a 15% interest in the Sebuku license, in which the Ruby gas discovery was made.

The agreement stated that Pearl Oil, as operator, will retain a 70% interest, Inpex holding further 15%.

This license covers an area of more than 2,300 square kilometers, in water depths ranging from 50 to 200 metres, which is located 300 kilometres south of the Total-operated Peciko facilities. Indonesia approved Ruby’s development plan in July 2008 and the operator expects the field to come on stream in 2013, with a natural gas production target of 100 million cubic feet per day.

In Indonesia, Total also is intensely involved in community empowerment and capacity building actions in the areas of education and research, health and nutrition, local economic empowerment, environment and alternative energies. This action as part of its Corporate Social Responsibility in Indonesia. These endeavours are consistent with Total's commitment to answer the challenges of sustainable development.

Total also has manpower program with 1,700 recruits planned from 2002 to 2017. This effort is aligned with an extensive program to develop national manpower and high level national managers through training and international assignments, as well as career developments for new recruits. Total also continues to enlarge partnerships with national businesses in order to significantly enhance indirect employment.

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