The TOTAL Group uses Credo in both the upstream and downstream sectors of its operations. Credo is a key factor in maintaining TOTAL's high operational efficiency. The Elgin Franklin platform is only one example of how TOTAL use Credo in some of the most hostile environments in the world: -
"Business Week, 25 October 2004, highlighted the current success
of the TOTAL group. In the past ten years TOTAL has risen to the 5th
or 4th position in the Petrochemical sector alongside ChevronTexaco
and Shell.
A key measure of the TOTAL success has been the exceptional efficiency
of the Group with an overall return on capital of 19.1% against an
industry average of 15%.
The article focused on the TOTAL Elgin Exploration platform as an
example of the unique approach of TOTAL. The Elgin Platform produces
250,000 barrels per day in the hostile in the waters of North Sea,
off the coast of Scotland, and is seen as a state-of-the-art
installation.
The article highlighted the high temperatures of over 200C combined
with aggressive salt corrosion led to a very challenging environment.
However the application of technology and innovation were found to
produce results: a key TOTAL approach to becoming an industry leader."
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