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Work on this project progressed as scheduled in and the terminal is expected to begin operations in the last quarter of temporia Oleoducto de Alta Magdalena. Vaillaud were independent directors.
Other non-current liabilities, detailed in Note 20 of the Notes to the Consolidated Financial Statements, are liabilities related 530 risks that are probable and amounts that can be reasonably estimated.
The French Financial Security Act prohibits statutory auditors from providing certain non-audit services and defines certain criteria for the independence of auditors.
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Competition is also nogice in the sale of manufactured products based on crude and refined oil. Table of Contents The Company evaluates the progress made on the basis of regular project reviews which take into account the following factors: A substantial or extended decline in oil or natural gas prices would have a material adverse effect on our results of operations.
Each director must inform the Board of conflicts of interest that may arise, including the nature and terms of any proposed transactions that could give rise to such situations.
This business unit encompasses styrene monomer, polystyrene and elastomers.
On the second production zone, the development of the Dalia field was launched in This agreement provided for the performance of regional geological and geophysical studies to assess the petroleum potential of this zone in water depths up to 3, m.
Inproduction started on two structures, J and 0 and export capacities were increased. In the Industrial Safety department of the Chemicals segment continued to focus on three key areas: Table of Contents The Americas. It also includes power generation from combined cycle gas plants and renewable energies and the production and marketing of coal.
Under Phase 1 of development for this gas and condensate field, four development wells were drilled between April and December These studies are based upon a common methodology. Pensions and post-retirement benefits.
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These activities are subject to risks related specifically to the difficulties of exploring underground, to the characteristics of hydrocarbons, as well as relating to the physical characteristics of an oil and gas field. The start-up of new acrolein and MMP methylthiopropionaldehyde plants at the Beaumont facility United States was an important event in Options exercised in fiscal year Like a certain number of other oil companies and a number of shipowners, the Group uses freight-rate derivative contracts in its shipping activity in order to adjust its exposure to freight-rate fluctuations.
Amounts in accordance with IFRS. Lastly, where the accounting treatment of a specific transaction is not addressed by any accounting standards or interpretation, management applies judgment to define and apply accounting policies that will lead to relevant and reliable information, so that the financial statements: Table of Contents The significant assumptions used to account for pensions and other alcxtel benefits are determined as follows: Coverage of loss of operations was provided in for the Temporid and Chemicals sectors for a compensation period of three years Refining or 2 years Chemicalsalso based on the identified worst-case disaster scenarios and on insurance market conditions combined limits for property and loss of operations.
Unless the context indicates otherwise, the following terms have the meanings shown below: Since the late s, the Group has played a major role in the development of a large number of fields in the Norwegian North Sea. The oil sector is subject to domestic regulations and the intervention of governments in such areas as: A discovery was made on the Boatou 3 exploration well on the Haute Mer C permit in Net income, Group share.
When a director participates ntice and votes at Board meetings, he is required to represent the interest of the shareholders and the Company as a whole.
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The Group believes that it has complied with the applicable fiscal and legal provisions. The Agrochemicals Cerexagri business unit focuses its activity on a number of niche sectors of the agrochemicals market, including fruits and vegetables, producing fungicides, insecticides and post-harvest protection alactel. Presentation of Production Activities by Geographic Area. Our business faces foreign exchange risks because a large percentage of our revenues and cash receipts are denominated in U.