Total Oil, Oil and Gas

Total plans to start drilling a well at the Absheron deposit in September 2017

In September 2017 Total plans to start drilling works at the Absheron deposit, the CEO of Total in Azerbaijan, D. Lemarchal, said.

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Total is interested in LNG projects in Yamal and Gydan

Total is interested in participation in other LNG projects of Novatek on the Yamal and Gydan peninsulas, including in Arctic LNG-2, CFO of Total, P. de La Chevardier, said.

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The Yamal LNG plant is already 80% ready, its first stage – 91%.

The first production line of the liquefying plant Yamal LNG is already 91% ready. The degree of readiness of the whole object is estimated at 80%.

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Daily output of the first well at Absheron deposit expected at 2,000 tons of condensate and 4.3 mln cubic m of gas – SOCAR

The expected daily output of the first well that will be drilled at the Absheron deposit will make up 2,000 tons of condensate and 4.3 mln cubic m of gas, SOCAR reports.

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The first tanker arrives in Yamal LNG

Novatek has solved the second most difficult task after attracting financing for its largest project of Yamal LNG.

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First supplies from Yamal LNG might start until October 2017

The first tanker with LNG will leave Yamal LNG until October 2017, the head of Total, P. Pouyanne, said.
The stake of Total is 20%.

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Total presents program of large Azerbaijani gas field development to SOCAR

French Total has presented a program of large gas condensate field Absheron development in the Caspian Sea to the Azerbaijani state-owned company SOCAR for final approval, a source in SOCAR reporte

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France is ready to invest in Yamal LNG

The French Economy Minister Michel Sapin has agreed in principle on participation of the French export agency Coface in financing of the Yamal LNG project.

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"Novatek" sees the possibility of a significant reduction in the cost of LNG production – Michelson.

"Novatek" saw the possibility of a significant reduction in the cost of production of liquefied natural gas (LNG) and, as a consequence - increase in its production, the head of the compa

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Total and SOCAR have agreed on the conditions of development of Apsheron deposit at the Caspian

Total and SOCAR have signed an agreement on the first stage of development of the Apsheron gas condensate deposit in the Caspian Sea, Total reports.

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