Total Launches the Development of the Laggan and Tormore Gas Fields

17 March 2010

Total announces the launch of the Laggan and Tormore gas fields development in the offshore frontier region of the West of Shetland, subject to the United Kingdom Government’s Department of Energy and Climate Change approval.

Total also announces the acquisition of the 10% interest in Laggan and Tormore previously held by Chevron North Sea Limited and the 20% interest previously held by ENI UK Limited. This brings Total’s interest in this project to 80% alongside partner DONG E&P (UK) Ltd.

Yves-Louis Darricarrère, President Exploration & Production stated: “Total has demonstrated its capacity to successfully develop highly technological projects and continues to do so with the Laggan and Tormore fields, located in one of the most complex environments of the United Kingdom Continental Shelf. Bringing them to production will require near £2.5 billion investment. In taking the decision to develop this complex project, Total confirms its commitment in pursuing its investments in the North Sea and its long term objective towards helping to secure energy supplies for the United Kingdom.”

This groundbreaking subsea project and its associated infrastructure is key to unlocking further opportunities in the Greater West Shetland region, prompting an increase in exploration and development activity in the area for Total and most notably for the overall industry.