the shetland island regional gas export system (SIRGE system)

The Total operated SIRGE System Pipeline is a new build 234km 30" nominal bore pipeline that is scheduled for commissioning in mid-2014. The system has a nominal capacity set at 665MMsfcd. The pipeline runs from the Shetland Gas Plant (SGP) at Sullom Voe on Shetland to a sub-sea tie-in on the FUKA Pipeline in the vicinity of the decommissioned MCP-01 platform.

The pipeline is expected to provide transportation services for the export of gas from the emerging West of Shetland frontier to the UK mainland market.

Ownership interests in the SIRGE System are as follows:

Company	Equity Interest	Equivalent Nominal Capacity Ownership (MMscfd)
TOTAL E&P UK Limited	67.04%	446
DONG E&P (UK) Limited	18.26%	121
Chevron North Sea Limited	7.18%	48
Statoil (U.K.) Limited	4.51%	30
OMV (U.K.) Limited	3.01%	20
Total	100.00%	665

Pipeline capacity is owned on a "divided rights" basis which means that each SIRGE owner may enter into individual commercial agreements to transport 3rd party gas. If a SIRGE Owner receives a 3rd Party request for transportation services then all other SIRGE Owners will be notified of that request.  If the 3rd Party wishes to proceed  with the transportation services request, it will enter into a common SIRGE Transportation Agreement and an Individual Commercial Terms Agreement with the SIRGE Operator and SIRGE Owner respectively.

Under the current expectations of long-term oil and gas prices and indications given by investors, the infrastructure is expected to be operational for a minimum of 18 years.