Total to play safe and make more FIDs ahead of cost inflation

摘要

Total said it is not yet seeing a return to cost inflation in deep-water, conventional or LNG but that it wants to award contracts now to lock in current development prices. "Upstream is on track and performing very well, and our main priority is to FID new major projects... to lock in low development costs and ensure profitable growth well into the next decade," said chief financial officer Patrick de La Chevardiere.