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SHARE FAIR AECC: Wednesday 2 November 2016

AGENDA

● Total and our strategy

● Today’s challenges

● Development activities

● Doing business with Total

● Q&A

LEGAL NOTICE

This presentation represents the current view of future activities for TOTAL E&P UK Limited. Some activities remain

subject to further study and / or internal and partner approval.

3 Share Fair - 2 November 2016

TOTAL AND OUR STRATEGY

SAFETY: OUR PARAMOUNT VALUE

• 4Sight

• The Deal

• Golden Rules

• A Just and Fair Culture

Building a culture of safety through leadership,

openness, communication and transparency


TOTAL E&P UK LTD

● 2nd largest producer in the UK with significant reserves to produce beyond 2030

● Employing around 950 people (staff and contractors)

● Net 2016 SEC production of 150,000 boepd (year-to-date)

● 2016 operated budget of £1.6 billion

● Expected expenditure of £6 billion over the next five years

● New asset organisation to better focus on delivery and cost optimisation


WEST OF SHETLAND

● 60% TEPUK (operator)

● 125 km northwest of Shetland

● Production of 108,000 boepd

Gas condensate:

• Laggan/Tormore

• Edradour/Glenlivet

Challenges:

• Deep water

• Harsh environment


CENTRAL GRABEN HUB

● 46.17% TEPUK (operator)

● 240km east of Aberdeen


Gas condensate:

• Elgin/Franklin

• West Franklin

• Glenelg

Challenges:

• HP/HT


NORTHERN NORTH SEA HUB

● 100% TEPUK (operator)

● 440 km northeast of Aberdeen


Oil and Gas:

• Alywn North

• Dunbar

• Ellon/Grant

• Forvie/Jura

• Islay

• Nuggets

Challenges:

• Mature reservoirs

• Late Life asset


TODAY’S CHALLENGES

UKCS: CHALLENGES AND POTENTIAL


TEPUK CHALLENGES

• Improving Operational Performance: >93% production efficiency

Sustained efficiency gains across our operations

• Further driving down our Operating Cost ($/boe) for all our Assets

Reinforcing competitive advantage on Costs

• Cementing a LEAN cost culture

Systematic and disciplined approach delivering sustainable results.

Consistently challenging our processes


TEPUK an Influential Player, with a diverse Technological Portfolio

• TEPUK is actively working with a number of partners on technology innovation:

TEPUK TECHNOLOGY INNOVATION

Oil and Gas

Technology Centre

• TEPUK holds a diverse portfolio of assets

• Mature Brownfield decommissioning: NNS

• HP/HT: CGA

• Deepwater, long subsea tie-back: WoS

• TEPUK has a long history of technological innovation

• From 1970s to 2016: subsea, multi-phase pumps, HP/HT, SS HIPPS

• GRC, Aberdeen forms one of our seven Global Research Centres

• Geosciences

• Oil & Gas development technologies

Share Fair - 2 November 2016 15

ASSET TECHNICAL CHALLENGES


TECHNOLOGY INNOVATION - A DEDICATED ROLE

Ensure TEPUK is strongly integrated within Group R&D Network

• Maintain strong links within the larger TOTAL GROUP Network

• Promote the opportunity for TEPUK to ‘Pilot’ New Technology

• Develop North Sea Technical Exchange (cross function with TEP Norway and TEP Netherlands)

Identify and Promote R&D projects to TEPUK and GROUP

• Select breakthrough/ game changer technology

• Promote technical dialogue within UK ‘Innovation Ecosystem’

• SMEs, Academia, Contractors, ITF, O&G UK, OGIC, OGTC

Promote Technology Innovation within TEPUK

• Establish and maintain TEPUK Technology Road Maps

• Animate a transverse Technology Innovation Network in TEPUK

• Promote Technology Innovation within key projects and developments

Ensure TEPUK is integrated within the UK Industry and Innovation

• Maintain strong links with OGA, OGUK, TLB, OGTC, ITF, OGIC,...

• Promote TOTAL Technology

• Seek to Address TOTAL needs


DEVELOPMENT ACTIVITY

New infrastructure investment

Exploration success will drive pragmatic expansion of

infrastructure

Economics rely on significant manufacturing and

conceptual enhancement

Lowered technical costs

Full electric system – fibre only controls

Single flowline, subsea chemical storage and injection

Exploit committed infrastructure

Production enhancement through satellite opportunities

Mirror developments of Edradour and Glenlivet

SSGC enhanced recovery of field reserves

Leverage our non-operated Norwegian Success

Strategic Growth

HPHT (900barA & 195°C) Pre-BCU Exploration

WEST OF SHETLAND: FUTURE DEVELOPMENT OPPORTUNITIES

Must continue to guarantee the integrity of assets with new subsea inspection, monitoring, maintenance and repair technologies

Edradour –

2017

Glenlivet –

2017


CENTRAL GRABEN: FUTURE DEVELOPMENT OPPORTUNITIES

• Elgin Franklin redevelopment project ongoing to secure wells and complete infill drilling to maximise recovery of existing reserves

• Infill drilling on new West Franklin wellhead platform

• Two heavy duty jack-up rigs in parallel in 2016 / early 2017

• New drilling campaign starting mid 2017 for an estimated 18 months program


NORTHERN NORTH SEA: FUTURE DEVELOPMENT OPPORTUNITIES

• Mature assets that require continual ongoing maintenance programme to optimise operating costs and maintain production / maximise ultimate reserves recovery

• Alwyn Dunbar Field Life Extension studies and decommissioning strategy definition

• Sween exploration well to spud end of 2016: HP/HT, long tie back


FUTURE OPPORTUNITIES (1/5)

SERVICE STRATEGY REVIEW

DATE PRIMARY CONTACT CATEGORY

Offshore Drilling Services – Drilling Rig Q4 2016 Mark Middleton Well Services

Casing and Tubular Running Services Q1 2017 Julie McWilliam Well services

Drill Pipe & Assoc. Equip Rental Q4 2016 Julie McWilliam Well services

Wellbore Cleanout Services Q4 2016 Lora Halliday Well services

Edradour/Craigellachie Inversion Q4 2016 Pascaline Heckle Geophysics

Rockall and Mid North Sea High

Reprocessing Q4 2016 Pascaline Heckle Geophysics

Dover Reprocessing Q4 2016 Pascaline Heckle Geophysics

Jura/Islay 4D Reprocessing Q4 2016 Pascaline Heckle Geophysics

3D/4D Seismic Acquisition - Laggan

Tormore Q1 2017 Pascaline Heckle Geophysics

West Franklin Terrace Reprocessing Q1 2017 Pascaline Heckle Geophysics





HVAC Maintenance Services Q4 2016 Ben Saward Operations &

Maintenance

Fixed Offshore Platform Topsides &

Shetland Gas Plant Inspection Services Q4 2016 Craig Thomson

Operations &

Maintenance

Fixed Offshore Platform Topsides &

Shetland Gas Plant Inspection

Management Services

Q4 2016 Craig Thomson Operations &

Maintenance

Valve Management, Maintenance & Repair

Services Q4 2016 Craig Thomson

Operations,

Maintenance & Subsea

Offshore/Onshore Laboratory & Testing

Services Q4 2016 Craig Thomson

Operations,


Offshore Catering and Soft Facilities

Management Services Q3 2017 Craig Thomson

Operations &

Maintenance

Franklin Platform Cooling Caisson

Inspection Q4 2016 / Q1 2017 Bawn Ellison Operations,






Acoustic Pipeline Surveys – Offshore/Near

shore Q1 2017 Bawn Ellison Operations,


Geophysical Surveys Q1 2017 Bawn Ellison

Operations,


Shell & Tube Heat Exchanger Maintenance Q4 2016 Iain McBeath

Operations &

Maintenance





Office building & Installation Services Q2 2017 J Ekanem Facilities

Soft Facilities Mgt Services - Altens Q2 2017 J Ekanem Facilities

Environmental Services Q4 2016 Ciaran Hill HSE

Medical Services Q4 2016 Ciaran Hill HSE

Fixed Wing Aviation Services Q2 2017 Ciaran Hill Logistics

Adhoc Aviation Services Q4 2016 Ciaran Hill Logistics

Term Charter of PSV Q4 2016 Ciaran Hill Logistics





Provision of Telecomms Manpower Q2 2017 B Johnstone Information Systems

Documentum Support Q1 2017 B Johnstone Information Systems

Provision of Document Management Q1 2017 B Johnstone

Information Systems

Draughting Services Q1 2017 B Johnstone

Information Systems


DOING BUSINESS WITH TOTAL

SUPPLY CHAIN FACTS AND FIGURES

£1.6bn operating

budget in 2016

committed to payment within

30

days of receipt

53 live frame agreements

for procurement

400 live

contracts

6000 orders created

in 2016

80 FPAL assessments completed in

2016


OUR SUPPLY CHAIN VALUES

Our contracts and procurement department is committed to:

Safety, Health and Environment (SHE) – A Core Value! • Make no compromise on Safety, Health and Environment

• All business must be compliant to our HSE policy

Cost • Sustainable cost for all our commitment

• Innovation to improve our cost efficiency

• Operational excellence and efficiency in contracts and procurement process

Supplier Relationship Management • Collaborative, work and discussion with our key suppliers

• Equal treatment of all suppliers

• Respect for contractual commitments

Ethical conduct • Alignment with our code of conduct for suppliers and subcontractors

• Zero tolerance on corruption

• Human rights and sustainable procurement


DOING BUSINESS WITH TOTAL

TEPUK

• Total E&P UK compliant with the Supply Chain Code of Practice (SCCoP)

• Award of Excellence retained

FPAL used for sourcing, performance management and pre-qualification of local suppliers

• Advanced registration to FPAL of all our suppliers

• VERIFY scheme, assessing suppliers HSE practices

• Suppliers should commit to conducting two way FPAL performance feedback

• Promoting use of VERIFY scheme, assessing suppliers HSE practices

Total Group

• Creation of a global purchasing entity (TGP) at TOTAL head office level

• Reinforcement of category management between & cross branches (up & downstream)

• ‘ONE TOTAL’ approach toward all our suppliers

• International suppliers to be qualified by Head office


FORWARD WORK PLANS

Benefits of the work plans:

Help provide an indication of future activity by participating Purchasers

Act as a planning aid to help facilitate potential business opportunities for the supply chain.

Support the Supply Chain Code of Practice in communicating opportunities to the supply

chain.

A web-based information-sharing website to provide up to date information

on business opportunities for the Supply Chain.

Visit the FPAL website to see our information online http://www.fpal.com/

and/or collect a printout on your way out

Please note that Forward Work Plans are

indicative and subject to change


http://www.fpal.com/

KEY CONTACTS BROCHURE


The TOTAL GROUP is defined as TOTAL S.A. and its affiliates and shall include the person and the entity making the presentation.

Disclaimer

This presentation may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, business, strategy and plans of TOTAL GROUP that are subject to risk factors and uncertainties caused by changes in, without limitation, technological development and innovation, supply sources, legal framework, market conditions, political or economic events.

TOTAL GROUP does not assume any obligation to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise. Further information on factors which could affect the company’s financial results is provided in documents filed by TOTAL GROUP with the French Autorité des Marchés Financiers and the US Securities and Exchange Commission.

Accordingly, no reliance may be placed on the accuracy or correctness of any such statements.

Copyright

All rights are reserved and all material in this presentation may not be reproduced without the express written permission of the TOTAL GROUP.

DISCLAIMER AND COPYRIGHT RESERVATION


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