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©2019 Baker Hughes, a GE company, LLC (“BHGE”). All rights reserved. The Future is Now Arnaud Breuillac, President Exploration & Production Total

The Future is Now - Annual Meeting · 2019. 2. 4. · The Future is Now Arnaud Breuillac, President Exploration & Production Total. BHGE Annual Meeting - January 2019 - Arnaud Breuillac

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Page 1: The Future is Now - Annual Meeting · 2019. 2. 4. · The Future is Now Arnaud Breuillac, President Exploration & Production Total. BHGE Annual Meeting - January 2019 - Arnaud Breuillac

©2019 Baker Hughes, a GE company, LLC (“BHGE”). All rights reserved.

The Future is Now

Arnaud Breuillac, President Exploration & Production

Total

Page 2: The Future is Now - Annual Meeting · 2019. 2. 4. · The Future is Now Arnaud Breuillac, President Exploration & Production Total. BHGE Annual Meeting - January 2019 - Arnaud Breuillac

BHGE Annual Meeting - January 2019 - Arnaud Breuillac3

DIGITAL INNOVATIONS

AT ALL E&P STAGES

Page 3: The Future is Now - Annual Meeting · 2019. 2. 4. · The Future is Now Arnaud Breuillac, President Exploration & Production Total. BHGE Annual Meeting - January 2019 - Arnaud Breuillac

BHGE Annual Meeting - January 2019 - Arnaud Breuillac

Innovation enhances knowledge and understandingSEISMIC

METIS

Safe & environmentally respectful geophysics

thanks to high performance drone

GAIA

Development of Artificial Intelligence

Application for Geosciences

High density and high quality seismic data acquisition

Targeting 25% costs reduction by 2023

End 2017: Successful pilot in PNG - 2021: End of pilot

Acceleration & enhancement of geoscience studies

2 years partnership

30 experts from Total and Google in California

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Page 4: The Future is Now - Annual Meeting · 2019. 2. 4. · The Future is Now Arnaud Breuillac, President Exploration & Production Total. BHGE Annual Meeting - January 2019 - Arnaud Breuillac

BHGE Annual Meeting - January 2019 - Arnaud Breuillac

Innovation improves operational performanceDRILLING

Real Time Support Center,

Real time data valorization to enhance safety and performance

Real time follow up of high stakes wells (Deep Water and Explo)

9 rigs monitored simultaneously - 120 wells recorded up to date

Total / BHGE teams located in Pau & Aberdeen

5

All operated rigs streaming data

Next step: Drill X - Total data analytics digital project

Started mid-2018 - industrialisation targeted in 2020

Page 5: The Future is Now - Annual Meeting · 2019. 2. 4. · The Future is Now Arnaud Breuillac, President Exploration & Production Total. BHGE Annual Meeting - January 2019 - Arnaud Breuillac

BHGE Annual Meeting - January 2019 - Arnaud Breuillac

Innovation improves operational performanceSURFACE OPERATIONS

ARGOS

R&D robotic project

TIM

Total Industrial Mobility

First autonomous industrial ATEX-rated robot for O&G site since

2017

Second generation robot does Anomaly detection / Emergency

Response industrial grade

JIIP launched to promote the approach in the industry

6

Digitalisation of industrial sites process for HSE observation, rounds,

SAP notifications, temporary equipment …

Set of applications on operators ATEX tablets and smartphones:

10 available end 2018

1500 active users in 2018, 3000 planned in 2019

Page 6: The Future is Now - Annual Meeting · 2019. 2. 4. · The Future is Now Arnaud Breuillac, President Exploration & Production Total. BHGE Annual Meeting - January 2019 - Arnaud Breuillac

BHGE Annual Meeting - January 2019 - Arnaud Breuillac

Innovation extracts more value from dataSURFACE & WELLS OPERATIONS

DDAP

Data Driven Asset Performance

RAID

Remote Assistance, Intervention

and Diagnosis

Extract value from our sites operating data,

thanks to artificial intelligence

2 proof of value pilots launched in 2018

Maximizing production & addressing integrity

Scaling up starting 2019

7

Real time monitoring of rotating machines

260 shaftlines monitored from 13 affiliates representing 30 000 data

stored and analyzed every 10 minutes

RAID Center located in Pau

Page 7: The Future is Now - Annual Meeting · 2019. 2. 4. · The Future is Now Arnaud Breuillac, President Exploration & Production Total. BHGE Annual Meeting - January 2019 - Arnaud Breuillac

SUSTAINABLE GROWTH FUELED

BY COMPETITIVE ADVANTAGE

BHGE Annual Meeting - January 2019 - Arnaud Breuillac8

Page 8: The Future is Now - Annual Meeting · 2019. 2. 4. · The Future is Now Arnaud Breuillac, President Exploration & Production Total. BHGE Annual Meeting - January 2019 - Arnaud Breuillac

BHGE Annual Meeting - January 2019 - Arnaud Breuillac

Relentlessly reducing technical costsLower and lower break-even increases resilience to low oil price

9

Post-dividend organic breakeven$/b

Production costs (ASC932)$/boe

10

5

100

50

Benchmark: Exxon, Shell, BP, Chevron

Page 9: The Future is Now - Annual Meeting · 2019. 2. 4. · The Future is Now Arnaud Breuillac, President Exploration & Production Total. BHGE Annual Meeting - January 2019 - Arnaud Breuillac

THE TOTAL GROUP IS DEFINED AS TOTAL S.A. AND ITS AFFILIATES AND SHALL INCLUDE

THE PARTY 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 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 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 the 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

BHGE Annual Meeting - January 2019 - Arnaud Breuillac

THE TOTAL GROUP IS DEFINED AS TOTAL S.A. AND ITS AFFILIATES AND SHALL INCLUDE

THE PARTY 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 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 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 the 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.

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Page 10: The Future is Now - Annual Meeting · 2019. 2. 4. · The Future is Now Arnaud Breuillac, President Exploration & Production Total. BHGE Annual Meeting - January 2019 - Arnaud Breuillac