REG-TotalEnergies SE Republic of the Congo: TotalEnergies Makes a Hydrocarbon Discovery on the Moho License

TotalEnergies SEAnnouncement

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Republic of the Congo: TotalEnergies Makes a Hydrocarbon Discovery on the Moho
License

 

TotalEnergies EP Congo (63.5%, operator) announces a hydrocarbon discovery on
the Moho license, offshore the Republic of the Congo, following the drilling
of the MHNM-6 NFW exploration well targeting the Moho G structure.

The well encountered a hydrocarbon column of approximately 160 meters in
good-quality Albian reservoirs, and an extensive data acquisition and sampling
campaign was carried out to support the subsurface interpretation and future
development.

The Moho G discovery, together with the discovery previously made on the
nearby Moho F structure, represent recoverable resources estimated at close to
100 million barrels, which are planned to be developed as a tie-back to the
existing Moho facilities.

"This new discovery on the Moho license benefits from its proximity to
existing production infrastructure, allowing a short cycle, cost effective
tie-back development,” said Nicola Mavilla, Senior Vice-President
Exploration at TotalEnergies. “By leveraging our technical expertise and
existing infrastructure, we are creating the conditions for future
value‑accretive production for the Company.”

TotalEnergies EP Congo is the operator of Moho license with a 63.5%
participation, alongside Trident Energy (21.5%) and the Société Nationale
des Pétroles du Congo (SNPC, 15%). Existing production facilities include two
Floating Production Units (FPU), Alima and Likouf, combining for a current
output of around 90 kboe/d (100%).

About TotalEnergies

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) 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 Contacts 

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
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(mailto:ir@totalenergies.com)

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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).



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