France’s Total is aiming for a 4% increase in production this year, with new ventures in the Middle East and US and project start-ups over the past two years expected to lead the drive.
The Paris-based giant, which last week delivered an increased profit despite a fall in revenues, is also eyeing 10 new project start-ups in the next 18 months, although it is keeping a tight rein on capital expenditure of between $15 billion and $17 billion for this year.
Total
