REG-TotalEnergies SE Denmark: TotalEnergies Restarts Gas Production at the Tyra Offshore Hub after a Major Redevelopment

TotalEnergies SEAnnouncement

22/03/2024 07:00

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Denmark: TotalEnergies Restarts Gas Production at the Tyra Offshore Hub after
a Major Redevelopment

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the restart of
production from the Tyra hub in the Danish North Sea, after the completion of
a major redevelopment project of this hub. At plateau, the Tyra hub will
produce 5.7 million cubic meters of gas and 22,000 barrels of condensate per
day, once again making Denmark self-sufficient and a net exporter of natural
gas. TotalEnergies operates the Tyra field on behalf of Danish Underground
Consortium, a partnership between TotalEnergies (43.2%), BlueNord (36.8%) and
Nordsøfonden (20%).

“We are pleased to restart the Tyra hub, one of the most technologically
advanced offshore gas installations in the world. The success of this major
redevelopment project owes a lot to the commitment of our teams, our partners
and our contractors. The new Tyra leverages state-of-the-art digital solutions
and technological innovations to produce more efficiently and with 30% lower
greenhouse gas emissions than the former facilities”, said Nicolas Terraz
President, Exploration & Production at TotalEnergies. “Importantly, the
resumption of gas production from Tyra improves Europe’s security of
supply.”

Discovered in 1968 by Maersk Oil, Tyra is located 225 kilometres west of the
coast of Esbjerg. In September 2019, gas production was suspended to enable
the redevelopment of Tyra. Following the decommissioning of the previous Tyra
facilities, 8 new platform topsides, 2 jackets and 6 bridges were installed.
As part of this redevelopment project, 98.5% of the materials recovered from
the retired installations have been reused or recycled.

Gas from the Tyra hub is delivered to Europe through two export pipelines to
Nybro in Denmark and Den Helder in the Netherlands.

* * *

About TotalEnergies in Denmark

TotalEnergies is a leading energy company in Denmark, with operations in oil
& gas as well as renewable electricity, employing a diverse and
international workforce of around 1,200 people located in Esbjerg, offshore,
and in Copenhagen. TotalEnergies operates more than 80% of oil and 90% of gas
produced in Denmark, with a strong focus on emissions reductions as
demonstrated by the end of routine flaring on its assets in 2023. In addition,
the Company is developing carbon storage projects in the country, which could
store up to 5 Mt/y of CO2 by 2030. In Integrated Power, TotalEnergies is
developing two offshore wind projects (for a capacity of 405 MW) and is
working on developing additional activities in wind, solar energy and biogas.
Dating back more than half a century, our operations deliver an important
contribution to the Danish energy supply, economy, and employment.

About TotalEnergies

TotalEnergies is a global multi-energy company that produces and markets
energies: oil and biofuels, natural gas and green gases, renewables and
electricity. Our more than 100,000 employees are committed to energy that is
ever more affordable, more sustainable, more reliable and accessible to as
many people as possible. Active in nearly 130 countries, TotalEnergies puts
sustainable development in all its dimensions at the heart of its projects and
operations to contribute to the well-being of people.

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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

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