Total views the Middle East and North Africa as a key source of low-cost oil and gas reserves and has been increasingly focused on the region in recent years. The impact is clearly shown in the firm’s latest production figures.
Total’s Mena oil output is set to surge above 500,000 b/d for the first time over the course of 2018, leapfrogging Sub-Saharan Africa as the largest contributor to Total’s oil portfolio (see chart 1). And more is to come as key investments pay dividends. (CONTINUED - 1763 WORDS)