REG-TotalEnergies SE TotalEnergies Reiterates Its Long-term Commitment to Nigeria and Supports the Country in Reducing Methane Emissions

TotalEnergies SEAnnouncement

18/12/2023 15:45

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TotalEnergies Reiterates Its Long-term Commitment to Nigeria and Supports the
Country in Reducing Methane Emissions

 

Patrick Pouyanné, Chairman and CEO of TotalEnergies, met today in Abuja with
Bola Ahmed Tinubu, President of the Federal Republic of Nigeria, to reaffirm
the long-term partnership between TotalEnergies and Nigeria.

Over the past decade, TotalEnergies has been the largest private energy
investor in the country, developing major projects such as Egina, Ofon Phase
2, the OML 58 Upgrade, and recently Ikike, which started in 2022.

The long-term commitment of the Company to Nigeria is also demonstrated by the
continued exploration, evidenced by the Ntokon discovery in June 2023.

TotalEnergies owns a rich portfolio of projects which might represent more
than $6 billion investments (100%) in the future years.

Patrick Pouyanné and President Bola Tinubu discussed ways to improve the
investment climate and security of operations, TotalEnergies’ future
investment program in the country as well as TotalEnergies efforts to support
carbon emissions reduction in Nigeria.

Ending routine flaring and joining forces to measure and reduce methane
emissions

TotalEnergies, as a founding member of the World Bank’s Global Gas Flaring
Reduction (GGFR) partnership, had endorsed the “Zero Routine Flaring by
2030” initiative. As evidence of this commitment, TotalEnergies, in
partnership with Nigerian National Petroleum Company Limited (NNPCL), has
finalized in December 2023 the OML 100 Flare Out project, thereby becoming the
first major operator in Nigeria to completely eliminate routine flaring from
all operated assets.

TotalEnergies also announces today the signature of a cooperation agreement
with NNPCL to carry out methane detection and measurement campaigns using its
advanced drone-based technology AUSEA on Oil & Gas facilities in Nigeria.
This announcement follows similar agreements signed ahead of COP28 with three
other National Oil & Gas Companies, Petrobras in Brazil, SOCAR in
Azerbaijan and Sonangol in Angola.

“TotalEnergies is pleased to announce the end of routine flaring in its
operations in Nigeria and the sharing of our in-house AUSEA technology with
NNPCL, concretely supporting NNPCL to deliver the commitment taken at COP28 by
endorsing the Oil & Gas Decarbonization Charter. We had a very
constructive and pragmatic discussion today with President Tinubu on key
actions Nigeria should take to attract increased investment in the country”,
said Patrick Pouyanné, Chairman and CEO of TotalEnergies.

***

About TotalEnergies in Nigeria

TotalEnergies has been present in Nigeria for more than 60 years and employs
today more than 1,800 people across different business segments. Nigeria is
one of the main contributing countries to TotalEnergies’ hydrocarbon
production where the Company produced 204 000 boe/d in 2022. TotalEnergies
also operates an extensive distribution network which includes about 540
service stations in the country. In all its operations, TotalEnergies is
particularly attentive to the socio-economic development of the country and is
committed to working with local communities.

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).

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