REG-TotalEnergies SE Algeria: TotalEnergies is Granted a New Exploration License

TotalEnergies SEAnnouncement

Today 16:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250617:nBwcfCTGDa&default-theme=true


Algeria: TotalEnergies is Granted a New Exploration License

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), jointly with QatarEnergy, has
been awarded the Ahara license following the “Algeria Bid Round 2024”,
launched by The National Agency for the Valorization of Hydrocarbon Resources
(ALNAFT), the first call for tender conducted under the hydrocarbon law
No.19-13.

Ahara is a large license covering an area of approximately 14,900 km²,
located at the intersection of the prolific Berkine and Illizi Basins.
TotalEnergies will serve as the operator during the Exploration and Appraisal
phases of this license with a 24.5% effective interest, the same share as
QatarEnergy (24.5%). The national company SONATRACH will retain a majority
interest of 51%, in accordance with Algerian law.

“TotalEnergies is delighted that its joint bid with QatarEnergy has led to
the award of the Ahara license, allowing us to write a new chapter in our
long-lasting partnership with SONATRACH in Exploration in Algeria”, said
Patrick Pouyanné, Chairman and CEO of TotalEnergies.

***

About TotalEnergies in Algeria

TotalEnergies is a long-standing player in the Algerian energy sector. Present
in the country through its various subsidiaries. The Company is active in oil
and gas exploration and production through its interests in the Tin Fouyé
Tabankort and Timimoun gas fields, the Berkine Basin oil fields (Blocks 404a
and 208) and liquefied natural gas via supply contracts with Sonatrach. In
2023, the Company produced 51 kboe/d (group share) in Algeria through its
interests in the TFT II and Timimoun gas fields and in the Berkine Basin oil
fields (blocks 404a and 208). Downstream, TotalEnergies Lubrifiants Algérie
SPA and TotalEnergies Bitumes Algérie SPA market lubricants and bitumen. This
integrated model ensures synergies between the various activities and provides
a comprehensive offering based on innovation, complementarity, and value
creation. TotalEnergies is committed to supporting economic development by
launching new investment programs that contribute to the country's
development.

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets
energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen,
renewables and electricity. Our more than 100,000 employees are committed to
providing as many people as possible with energy that is more reliable, more
affordable and more sustainable. Active in about 120 countries, TotalEnergies
places sustainability at the heart of its strategy, its projects and its
operations.

@TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FTotalEnergies&esheet=54277522&newsitemid=20250617079522&lan=en-US&anchor=%40TotalEnergies&index=1&md5=be0756790b25d07b67972f849dd24dc9)
TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ftotalenergies%2F&esheet=54277522&newsitemid=20250617079522&lan=en-US&anchor=TotalEnergies&index=2&md5=1a5c4c80716b125aeb5448b659d69256)
TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.facebook.com%2FTotalEnergiesFrance%2F&esheet=54277522&newsitemid=20250617079522&lan=en-US&anchor=TotalEnergies&index=3&md5=013cbc353e079f43a239643973574567)
TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.instagram.com%2Ftotalenergies%2F&esheet=54277522&newsitemid=20250617079522&lan=en-US&anchor=TotalEnergies&index=4&md5=2530c34e16a050eb9e62ab3835f54b34)

Cautionary Note

The terms “TotalEnergies”, “TotalEnergies company” or “Company” in
this document are used to designate TotalEnergies SE and the consolidated
entities that are directly or indirectly controlled by TotalEnergies SE.
Likewise, the words “we”, “us” and “our” may also be used to refer
to these entities or to their employees. The entities in which TotalEnergies
SE directly or indirectly owns a shareholding are separate legal entities.
This document may contain forward-looking information and statements that are
based on a number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be inaccurate in the
future and are subject to a number of risk factors. Neither TotalEnergies SE
nor any of its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends contained in
this document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the most
recent Universal Registration Document, the French-language version of which
is filed by TotalEnergies SE with the French securities regulator Autorité
des Marchés Financiers (AMF), and in the Form 20-F filed with the United
States Securities and Exchange Commission (SEC).

TotalEnergies 

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPR 
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FTotalEnergiesPR&esheet=54277522&newsitemid=20250617079522&lan=en-US&anchor=%40TotalEnergiesPR&index=5&md5=9a87fd75e7dcd771339662972d2c7680)

Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
(mailto:ir@totalenergies.com)



View source version on businesswire.com:
https://www.businesswire.com/news/home/20250617079522/en/
(https://www.businesswire.com/news/home/20250617079522/en/)

TotalEnergies SE


Copyright Business Wire 2025