Form 6-K TOTAL S.A. For: Jan 31

 
 

UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION 
Washington, D.C. 20549 
 

 
FORM 6-K 
 

 
REPORT OF FOREIGN
PRIVATE ISSUER 
PURSUANT TO RULE 13a-16 OR 15d-16 
OF THE SECURITIES EXCHANGE ACT OF 1934 
January 31, 2019
Commission File Number 001-10888 
 

 
TOTAL S.A. 
(Translation of registrant’s
name into English) 
 

 
2, place Jean Millier 
La Défense 6

92400 Courbevoie 
France 
(Address of principal executive offices) 
 

 
Indicate by check mark whether the
registrant files or will file annual reports under cover of Form 20-F or Form 40-F. 
Form 20-F  
            Form 40-F  

Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):   
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a
Form 6-K if submitted solely to provide an attached annual report to security holders. 
Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(7):  
Note: Regulation S-T
Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under
the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are
traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR. 
Indicate by check mark whether by furnishing the information
contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. 
Yes              No 
 
(If “Yes” is marked, indicate below the file number assigned to the registrant in connection
with Rule 12g3-2(b): 82-            .) 
TOTAL S.A. is providing on this Form 6-K a description of certain recent developments relating to its business.
 
 
 






TABLE OF CONTENTS
 
 
  

SIGNATURES
  
  

 
  
 
 
  

EXHIBIT  INDEX
  
  

 
  
 
 
 
 
  

  
Exhibit 99.1 
  
    
Nigeria: Total Starts Up Production of the Giant Egina Field (January 2, 2019)
    
  
  

  
Exhibit 99.2 
  
    
Results of the option to receive the 2018 second interim dividend in shares  (January 8, 2019) 
    
  
  

  
Exhibit 99.3 
  
    
Brendan Warn Is Appointed Senior Vice-President, Investor Relations of Total (January 10, 2019)
    
  
  

  
Exhibit 99.4 
  
    
Total becomes founding member of the new global alliance to end plastic waste (January 16, 2019)
    
  
  

  
Exhibit 99.5 
  
    
UK: Total Announces a New Discovery in the North Sea (January 29, 2019)
    

 


  


 
EXHIBIT INDEX
 
 
  

  
Exhibit 99.1 
  
    
Nigeria: Total Starts Up Production of the Giant Egina Field (January 2, 2019)
    
  
  

    
Exhibit 99.2 
  
    
Results of the option to receive the 2018 second interim dividend in shares  (January 8, 2019) 
    
  
  

    
Exhibit 99.3
  
    
Brendan Warn Is Appointed Senior Vice-President, Investor Relations of Total (January 10, 2019)
    
  
  

    
Exhibit 99.4
  
    
Total becomes founding member of the new global alliance to end plastic waste (January 16, 2019)
    
  
  

    
Exhibit 99.5
  
    
UK: Total Announces a New Discovery in the North Sea (January 29, 2019)
    
  
   





SIGNATURES 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized. 
 















 
TOTAL S.A.





Date: January 31, 2019
 
By:
 

/s/ ANTOINE LARENAUDIE


 

 
Name:
 
Antoine LARENAUDIE


 

 
Title:
 
Group Treasurer

Exhibit 99.1

Press Release
Nigeria: Total Starts Up Production of the Giant Egina Field
Paris, January 2, 2019 - Total has started up production on December 29, 2018 from the Egina field, located in around 1,600 meters of water depths, 150 kilometers off the coast of Nigeria. At plateau, the Egina field will produce 200,000 barrels of oil per day, which represents about 10% of Nigeria’s production. 
The Floating Production Storage and Offloading (FPSO) unit used to develop the giant Egina field is the largest one Total has ever built. This project has also involved a record level of local contractors. Six of the eighteen modules on the FPSO were built and integrated locally, and 77% of hours spent on the project were worked locally. Startup has been achieved close to 10% below the initial budget, which represents more than 1 billion dollars of CAPEX savings, due in particular to excellent drilling performance where the drilling time per well has been reduced by 30%. 
“Total is proud to deliver a project of this size under the initial budget and to contribute to the development of Nigeria’s oil and gas sector by generating employment as well as building industrial capability. Egina will significantly boost the Group’s production and cash flow from 2019 onwards, and benefit from our strong cost reduction efforts in Nigeria where we have reduced our operating costs by 40% over the last four years,” stated Arnaud Breuillac, President Exploration & Production. “Furthermore, some upside potential nearby remains to be developed and we are studying in particular Preowei discovery tie-back to the Egina FPSO.” 
Initially discovered in 2003, the Egina field is the second development in production on the Oil Mining Lease (OML) 130 following the Akpo field, which started-up in 2009. The Preowei field is another large discovery made on this prolific block for which an investment decision is scheduled for 2019.
Total Upstream Nigeria Limited operates OML 130 with a 24% interest, in partnership with Nigerian National Petroleum Corporation (NNPC), South Atlantic Petroleum - SAPETRO Ltd. (15%), CNOOC E&P Nigeria Limited, a wholly owned subsidiary of CNOOC Limited (45%) and Petrobras Oil and Gas BV (16%). 

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About Total in Nigeria
Total has been present in Nigeria for over 50 years, both in upstream and downstream activities.
The Group’s production in the country was 267,000 barrels of oil equivalent a day in 2017.
Total operates five production licenses (OML) on the 34 leases in which the Group has interests (including two exploration licenses).
In addition to OML 130 where the Akpo, Egina and Preowei fields were discovered, Total operates other offshore assets such as OML 99 (40%) where the Ikike discovery is located, OML 100 (40%) and OML 102 (40%) where the Ofon 2 project was completed in 2016. Onshore, Total is the operator of OML 58 (40%) under its joint venture with Nigerian National Petroleum Corporation (NNPC). The Group is also developing Liquefied Natural Gas (LNG) activities with a 15% stake in the Nigeria LNG Ltd company, which operates six LNG liquefaction trains on Bonny Island.
In the downstream sector, Total operates in a leading position with an extensive distribution network of over 550 service stations nationwide and a wide range of top quality energy products and services.
The Group is committed to working closely with its host communities in Nigeria and is supporting many projects in the field of health, education, infrastructure and economic development, through its sustainable development and community relations programs. With a diverse workforce of several nationalities and cultures working together, Total is proud of its contributions to the socio-economic development of Nigeria.

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About Total
Total is a major energy player, which produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.
* * * * *
Total contacts 
Media Relations: +33 1 47 44 46 99 l [email protected] l @TotalPress
Investor Relations: +44 (0)207 719 7962 l i[email protected]
Cautionary note 
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms “Total” and “Total Group” are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them.
This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.

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Exhibit 99.2

Press Release
Results of the option to receive the 2018 second interim dividend in shares
Paris, January 8, 2019 - The Board of Directors of Total S.A. met on December 12, 2018, and declared a 2018 second interim dividend of €0.64 per share and offered, under the conditions set by the fourth resolution at the Combined Shareholders’ Meeting of   June 1st, 2018, the option for shareholders to receive the 2018 second interim dividend in cash or in new shares of the Company.
The period for exercising the option ran from December 18, 2018 to January 2, 2019. At the end of the option period, 4% of rights were exercised in favour of receiving the payment for the 2018 second interim dividend in shares. 
1,212,767 new shares will be issued, representing 0.05% of the Company’s share capital on the basis of the share capital as of December 31, 2018. The share price for the new shares to be issued as payment of the 2018 second interim dividend was set at €48.27 on   December 12, 2018. The price is equal to the average opening price on Euronext Paris for the twenty trading days preceding the Board of Directors of December 12, 2018, reduced by the amount of the 2018 second interim dividend, without any discount.
The settlement and delivery of the new shares as well as their admission to trading on Euronext Paris will occur on January 10, 2019. The shares will carry immediate dividend rights and will be fully assimilated with existing shares already listed.
In line with the shareholder return policy announced on February 8, 2018, in order to avoid any dilution linked to the issuance of new shares, the Group will buy back these newly issued shares with the intention to cancel them. 
The remaining cash dividend to be paid to shareholders who did not elect to receive the 2018 second interim dividend in shares amounts to 1,608 million euros and the date for the payment in cash is set from January 10, 2019.
About Total
Total is a major energy player, which produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.
* * * * *

 1


Total contacts 
Media Relations: +33 1 47 44 46 99 l [email protected] l @TotalPress
Investors Relations: +44 (0)207 719 7962 l [email protected]
Cautionary note 
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms “Total” and “Total Group” are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them.
This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.

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Exhibit 99.3

Press Release
Brendan Warn is Appointed Senior Vice-President, 
Investor Relations of Total 
Paris, 10 January 2019 - Brendan Warn is appointed Senior Vice-President, Investor Relations of Total, effective January 1, 2019. He succeeds Mike Sangster.
Prior to joining Total, Brendan was Managing Director and UK Head of Equity Research at BMO Capital Markets in London. Brendan has more than 13 years of experience in equity research across three investment banks including Macquarie Capital and Jefferies International in London. 
Previously, Brendan was an Associate Director at Evans & Peck and a mining engineer at BHP in Australia. 
Brendan qualified as a Mining Engineering at the University of South Australia and holds a Master of Commerce from The University of New South Wales, and an MBA from University of New South Wales and the University of Sydney. He is an Australian citizen.

About Total
Total is a major energy company that produces and supplies oil, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, cleaner, more affordable, more innovative and accessible to all. With operations in more than 130 countries, our aim is to become the world's leading responsible energy major.
* * * * *
Contact Total 
Press Relations: +33 (0)1 47 44 46 99 l [email protected] l @TotalPress
Investor Relations: +44 (0)207 719 7962 l [email protected]
 
   

Exhibit 99.4

Press Release
Total Becomes Founding Member
 of the New Global Alliance to End Plastic Waste
Paris, January 16, 2019 - Total today participates in the creation of an alliance of global companies from the plastics and consumer goods value chain to advance solutions to help end plastic waste in the environment, especially in the ocean. 
The cross value chain Alliance to End Plastic Waste, currently made up of nearly thirty member companies located throughout the world, has committed over $1.0 billion with the goal of investing $1.5 billion over the next five years to help end plastic waste in the environment. The Alliance will develop and bring to scale solutions that will minimize and manage plastic waste and promote solutions for used plastics by helping to enable a circular economy. 
“By contributing to the lightening of materials, plastics improve the energy efficiency of our everyday products and reduce our CO2 emissions. However, it is critical to improve the management of their end-of-life to ensure that they do not end up in the environment, said Bernard Pinatel, President Refining & Chemicals of Total and member of the Executive Committee of the Alliance. Being a founding member of the Alliance is obvious for Total, whose ambition is to become the responsible energy major. The actions of the Alliance will complement our own efforts to improve the energy efficiency of our products, to develop recycling and to produce bioplastics.”
The Alliance is a not-for-profit organization that includes companies that make, use, sell, process, collect, and recycle plastics. This includes chemical and plastic manufacturers, consumer goods companies, retailers, converters, and waste management companies, also known as the plastics value chain. The Alliance has been working with the World Business Council for Sustainable Development as a founding strategic partner.
The Alliance today also announced an initial set of projects and collaborations that reflect a range of solutions to help end plastic waste: 
•       Partnering with cities to design integrated waste management systems in large urban areas where infrastructure is lacking, especially those along rivers which transport vast amounts of unmanaged plastic waste from land to the ocean. This work will include engaging local governments and stakeholders, and generate economically sustainable and replicable models that can be applied across multiple cities and 

 1


regions. The Alliance will pursue partnerships with cities located in high plastic leakage areas. The Alliance will also be looking to collaborate with other programs working with cities, such as Project STOP, which is working in Indonesia. 
•       Funding The Incubator Network by Circulate Capital to develop and promote technologies, business models and entrepreneurs that prevent ocean plastic waste and improve waste management and recycling, with the intention of creating a pipeline of projects for investment, with an initial focus on Southeast Asia. 
•       Developing an open source, science-based global information project to support waste management projects globally with reliable data collection, metrics, standards, and methodologies to help governments, companies, and investors focus on and accelerate actions to stop plastic waste from entering the environment. The Alliance will explore opportunities to partner with leading academic institutions and other organizations already involved in similar types of data collection.
•       Creating a capacity building collaboration with intergovernmental organizations such as the United Nations to conduct joint workshops and trainings for government officials and community-based leaders to help them identify and pursue the most effective and locally-relevant solutions in the highest priority areas. 
•       Supporting Renew Oceans to aid localized investment and engagement. The program is designed to capture plastic waste before it reaches the ocean from the ten major rivers shown to carry the vast majority of land-based waste to the ocean. The initial work will support the Renew Ganga project, which has also received support from the National Geographic Society. 
In the months ahead, the Alliance will make additional investments and drive progress in four key areas: 
•       Infrastructure development to collect and manage waste and increase recycling;
•       Innovation to advance and scale new technologies that make recycling and recovering plastics easier and create value from all post-use plastics;  
•       Education and engagement of governments, businesses, and communities to mobilize action; and, 
•       Clean up of concentrated areas of plastic waste already in the environment, particularly the major conduits of waste, like rivers, that carry land-based plastic waste to the sea.   
Research shows that nearly 80 percent of the plastic in oceans begins as litter on land, the vast majority of which travels to the sea down one of ten major rivers around the world - eight in Asia, two in Africa. Separate research shows that 60 percent of ocean plastics can be sourced to five countries in Southeast Asia. 
The Alliance membership represents global companies and located throughout North and South America, Europe, Asia, Southeast Asia, Africa, and the Middle East. The following companies are the founding members of the Alliance: BASF, Berry Global, Braskem, Chevron Phillips Chemical Company LLC, Clariant, Covestro, Dow, DSM, ExxonMobil, Formosa Plastics Corporation, U.S.A., Henkel, LyondellBasell, Mitsubishi Chemical Holdings,

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Mitsui Chemicals, NOVA Chemicals, OxyChem, PolyOne, Procter & Gamble, Reliance Industries, SABIC, Sasol, SUEZ, Shell, SCG Chemicals, Sumitomo Chemical, Total, Veolia, and Versalis (Eni). 
The live global internet broadcast can be viewed at www.endplasticwaste.org/live. The broadcast will begin at 14.00 GMT and will last approximately 30 minutes.
For more information, please visit www.endplasticwaste.org
About Total
Total is a major energy player, which produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major. Total is a founding member of the Alliance to End Plastic Waste. 
* * * * *
Total contacts 
Media Relations: +33 1 47 44 46 99 l [email protected] l @TotalPress
Investor Relations: +44 (0)207 719 7962 l i[email protected]
Cautionary note 
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms “Total” and “Total Group” are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them.
This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.

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Exhibit 99.5

Press Release
UK: Total Announces a New Discovery in the North Sea 
Paris, January 29, 2019 - Following Glendronach in September 2018, Total announces a new significant discovery in the North Sea offshore U.K., on the Glengorm prospect located in the Central Graben. 
The well was drilled to a final depth of 5,056 meters and encountered 37 meters net gas and condensate pay in a high quality Upper Jurassic reservoir with excellent properties.
Recoverable resources are estimated close to 250 million barrels of oil equivalent. Further drilling and testing will be carried out to appraise resources and the productivity of the reservoir.
“Following the recent Glendronach discovery, West of Shetland in the U.K., Glengorm is another great success for Total in the North Sea, with results at the top end of expectations and a high condensate yield in addition to the gas,” stated Kevin McLachlan, Senior Vice President Exploration at Total. “Our strong position in the region will enable us to leverage existing infrastructures nearby and optimize the development of this discovery. Glengorm is an achievement that demonstrates our capacity to create value in a mature environment thanks to our in-depth understanding of the basin.”
The discovery is located on the P2215 license, which was previously part of the Maersk Oil portfolio, in water depth of about 80 meters, close to existing infrastructures operated by Total and offering tie-back possibilities, such as the Elgin-Franklin platform and the Culzean project, scheduled to start production this year. It also presents some upside potential with several other prospects already identified on the same block.
Total holds a 25% working interest in the Glengorm discovery, alongside CNOOC Petroleum Europe Limited, a wholly-owned subsidiary of CNOOC Limited (50%, operator) and Euroil, a wholly-owned subsidiary of Edison E&P SpA (25%).

 1



Total Exploration & Production in the United Kingdom
Total has been present in the United Kingdom for more than 50 years and is one of the country’s leading oil and gas operators, with equity production of 179,000 boe/d in 2018. Total’s production in the United Kingdom comes principally from operated fields located offshore in three major zones, the Alwyn/Dunbar area in the Northern North Sea, the Elgin/Franklin area in the Central North Sea and the Laggan-Tormore hub in the West of Shetland area where the Glendronach discovery was made last year, and from recently acquired Maersk Oil assets. 
Total also operates the Culzean gas field with a 49.99% working interest. 

 2


About Total
Total is a major energy player, which produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.
* * * * *
Total contacts 
Media Relations: +33 1 47 44 46 99 l [email protected] l @TotalPress
Investor Relations: +44 (0)207 719 7962 l i[email protected]
Cautionary note 
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms “Total” and “Total Group” are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them.
This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
Cautionary Note to U.S. Investors — The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to separately disclose proved, probable and possible reserves that a company has determined in accordance with the SEC rules. We  may use certain terms in this press release, such as resources, that the SEC’s guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 1-10888 available from us at TOTAL S.A. —  Tour Coupole — 2, place Jean Millier — Arche Nord Coupole/Regnault — 92078 Paris La Défense Cedex —  France, or at our website: www.total.com. You can also obtain this form from the SEC by calling 1-800-SEC-0330 or on the SEC’s website: www.sec.gov.

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