Active in Exploration and Production in the United States since 1957, Total E&P USA, Inc., a subsidiary of Total USA, currently has a diverse portfolio of non-operated assets, ranging from deep offshore oil production and exploration in the Gulf of Mexico to onshore unconventional shale gas development.
Our affiliate TEP Barnett USA, LLC focuses on onshore unconventional oil and gas activities in the Barnett shale play, located in the Dallas/Fort Worth area of Texas. Total first entered the Barnett in 2009, with a 25% non-operated working interest in this asset. At the end of 2016, Total acquired Chesapeake’s 75% interest, becoming the 100% owner. For Barnett owner relations questions please refer to TEP Barnett USA.
Our upstream research center, also based in Houston, applies innovative, state-of-the-art technologies and superior skills to develop enabling and break-through technology, technical tools and quantitative techniques.
Total Gas & Power North America, Inc. owns 1.0 Bcf/day (10.0 Bcm/year)1of regasification capacity at the Sabine Pass LNG terminal in Louisiana, TGPNA will also purchase up to 3.2 million tons of LNG in the gulf coast for export in worldwide markets. The company also markets and optimizes significant quantities of natural gas and natural gas liquids from equity and third party production from the Utica and Barnett Shale plays.
As a majority shareholder in SunPower, we are active across the entire photovoltaic value chain, from manufacturing cells to designing large-scale turnkey solar power plants to installing residential or commercial solar panel. SunPower currently manufactures the most efficient photovoltaic panels on the market and is currently building Solar Star, the world’s largest photovoltaic solar power plant, in Rosamond, California.
As an energy producer and provider, we are striving to diversify our supply to help meet growing energy demand in the long term. Active in photovoltaic solar energy since 1983 and biofuels since 1992, we are investing in renewable energies that emit less greenhouse gases.
1 Bcf/day = billion cubic feet per day. This unit of measurement refers to the amount of natural gas that is either untapped in reserves or being pumped and delivered over an extended period of time.
OUR BUSINESS PARTNERS
In 2009, Total E&P USA, Inc entered into unconventional shale development through a joint venture transaction with Chesapeake Exploration, L.L.C., a subsidiary of Chesapeake Energy Corporation ("Chesapeake"), acquiring a 25% interest in Chesapeake's Barnett Shale assets. In November 2011, TEP USA completed a second joint venture agreement with Chesapeake (and affiliates of its partner EnerVest Ltd) in which TEP USA acquired a 25% share in Chesapeake and EnerVest's liquids-rich area of the Utica shale.
TEP USA owns a 33.33% working interest in the Chinook field. Petrobras is the operator and owns the remaining 66.67%. Chinook was discovered in 2003 and consists of four blocks in the deepwater Gulf of Mexico: Walker Ridge 425, 426, 469 and 470. Located approximately 225 miles south of New Orleans, in ultra deep water exceeding 8,500 ft, the subsea wells were drilled to a total depth of approximately 27,000 ft (Lower Tertiary formation). This innovative development introduced the first Floating Production Storage and Offloading vessel (FPSO) to the US Gulf of Mexico.
TEP USA owns a 17% working interest in the Tahiti field. Chevron is the operator with a 58% interest. The remaining 25% is owned by Statoil. The Tahiti field was discovered in 2002 and consists of five blocks in the deepwater Gulf of Mexico: Green Canyon 596, 597, 640, 641 and 684.