Total sees launch of 12 top projects by 2012

Total plans to launch 12 large oil and gas projects over the next two years, the oil major said on Thursday, noting its exploration budget may rise next year as it searches for more reserves.
"We expect twelve major projects to be launched in 2011 and 2012," Matthieu Got, an investor relations manager at Total, told an oil seminar held in the Norwegian capital.
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Source: Reuters