Total Gabon: 2019 Revenues
14 Fevereiro 2020 - 2:14PM
Business Wire
Regulatory News:
Total Gabon (Paris:EC):
Main Financial Indicators
2019
2018
2019
vs
2018
Average Brent price
$/b
64.2
71.3
-10%
Average Total Gabon crude price (1)
$/b
61.8
66.3
-7%
Crude oil production from
fields operated by Total Gabon
kb/d (2)
23.1
24.7
-6%
Crude oil production from
Total Gabon interests (3)
kb/d
31.2
36.1
-14%
Sales volumes (1)
Mb (4)
11.9
12.1
-2%
Revenues (5)
$M
808
905
-11%
- Excluding profit oil reverting to the Gabonese Republic as per
production sharing contracts.
- kb/d: Thousand barrels per day.
- Including profit oil reverting to the Gabonese Republic as per
production sharing contracts.
- Mb: Million barrels.
- Revenues from hydrocarbon sales and services (transportation,
processing and storage) and profit oil reverting to the Gabonese
Republic as per production sharing contracts.
2019 Revenues
Selling prices
Reflecting the lower Brent price, the average selling price of
the crude oil grade marketed by Total Gabon averaged 61.8 $/b, down
7% compared to 2018.
Production
Total Gabon’s equity share of operated and non-operated oil
production 1averaged 31,200 barrels per day in 2019, down 14%
compared to 2018. This decrease was mainly due to:
- the sale of interests in offshore fields on September 30,
2018;
- the natural field decline;
partially compensated by the contributions of :
- well intervention campaigns,
- the Torpille field redevelopment campaign.
Revenues
Revenues amounted to $808 million in 2019, down 11% compared to
2018, mainly due to lower average prices and production partially
compensated by the good resilience of volumes sold.
The 2019 results news release will be published on March 18,
2020, after markets close.
1 Including profit oil reverting to the Gabonese Republic as per
production sharing contracts.
Total Gabon Société anonyme incorporated in
Gabon with a Board of Directors and share capital of $76,500,000
Headquarters: Boulevard Hourcq, Port-Gentil, BP 525, Gabonese
Republic www.total.ga Registered in Port-Gentil: 2000 B
00011
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version on businesswire.com: https://www.businesswire.com/news/home/20200214005413/en/
Contact Presse : actionnariat-totalgabon@total.com
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