Green Car Congress

DECEMBER 8, 2011

By 2017, we expect our net crude oil and natural gas production to grow about 20 percent to 3.3 Approximately 87% of the 2012 spending program is budgeted for upstream crude oil and natural gas exploration and production projects. Angola: Angola LNG and development of Mafumeira Sul. million barrels per day.

Chevron 170

Chevron 2012 Angola Saudi Arabia 170

Green Car Congress

AUGUST 25, 2015

OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. billion vs. $1.6 billion) and $1 billion ($2.5

Saudi Arabia 150

Saudi Arabia Russia Oil 2015 150

Green Car Congress

APRIL 14, 2014

Total and its joint venture partners have made the final investment decision to develop the ultra-deep offshore Kaombo project in Angola. Following an intensive optimization exercise, the project’s capital expenditure to reach full capacity was reduced by $4 billion to $16 billion, with an expected start-up in 2017. Location of Kaombo.

Angola 170

Angola Oil 2013 France 170