Total Says Economic Woes Won't Delay 2009 Start-ups

Accès Membre | Client

Samedi 21 nov 2009 | 05:55:20

L'offre EasyBourse

Bourse

Actualités

Analyse

Pédagogie

Easybourse TV

Espaces

TOTAL

FP - [ISIN FR0000120271]

Cours : 41,445 €		Variation : -1,38%
Marché : Euronext Paris (temps différé)

Acheter

Vendre

Total Says Economic Woes Won't Delay 2009 Start-ups

PARIS -(Dow Jones)- The economic crisis will not cause French oil major Total SA (TOT) to delay any exploration and production projects due to start in 2009, the company's head of exploration and production said Wednesday.
There will be "no changes ... not to the production start-ups that should happen in 2009 time-frames," Total's Yves-Louis Darricarrere told reporters on the sidelines of an event organized by the company to discuss the theme of peak oil.
"In a general way we are maintaining our investment program," he said.
Total executives have repeatedly stressed the company's commitment to maintaining its investment program and said that the company has plenty of time to decide on more expensive heavy oil projects.
Total has until the end of 2009 or the beginning of the following year to take a decision on heavy-oil and tar sands projects in Canada, whose viability in terms of cost could prove "more difficult" than others, Darricarrere said.
-By Adam Mitchell, Dow Jones Newswires, +33 1 40171756; adam.mitchell@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/al?rnd=CSwu20xok0%2BinROM%2BrVbQA%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
December 10, 2008 06:13 ET (11:13 GMT)