The oil production of the fields operated by Total Gabon averaged 81.5 thousand barrels per day in 2007, a 4% decrease compared to 84.8 thousand barrels per day in 2006.
Revenues amounted to $1,456 million, representing an increase of 14%, or $177 million, compared to fiscal year 2006. The decline in the volumes sold was more than offset by higher prices for the crude oil marketed by Total Gabon, which averaged $66.65 per barrel in 2007 compared to $59.08 per barrel in 2006, and by higher revenues from transportation of crude for third parties.
Operational costs increased 36% to $1,331 million in 2007, compared to $978 million in 2006. Capital expenditure related to oil operations in 2007 was $322 million, compared to $130 million in 2006.
