REG-TotalEnergies SE United States: TotalEnergies Enters 40 Chevron-Operated Exploration Blocks, Building on a Successful U.S. Offshore Partnership Between Both Companies

TotalEnergies SEAnnouncement

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United States: TotalEnergies Enters 40 Chevron-Operated Exploration Blocks,
Building on a Successful U.S. Offshore Partnership Between Both Companies

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the acquisition of a
25% working interest in a portfolio of exploration leases Offshore U.S. from
Chevron (operator).

The 40 Outer Continental Shelf (OCS) federal leases, spanning approximately
1,000 km(2) and located 175 to 330 km from shore, include 13 blocks located in
the Walker Ridge area, 9 blocks in the Mississippi Canyon area and 18 blocks
in the East Breaks area.

The transaction provides access to multiple offshore Exploration plays and
prospects, strengthening the successful U.S. offshore collaboration with
Chevron beyond the existing partnerships in Ballymore (40% TotalEnergies)
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftotalenergies.com%2Fnews%2Fpress-releases%2Funited-states-first-oil-ballymore-offshore-field&esheet=54276399&newsitemid=20250615784379&lan=en-US&anchor=Ballymore+%2840%25+TotalEnergies%29&index=1&md5=1a9c65e1f650229626ea3a6b1bdffe9a)
which achieved first production this year, Anchor (37.14%)
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftotalenergies.com%2Fnews%2Fpress-releases%2Funited-states-first-oil-anchor-field-gulf-mexico&esheet=54276399&newsitemid=20250615784379&lan=en-US&anchor=Anchor+%2837.14%25%29&index=2&md5=16fc85a145fc6e4e2442d885c95aff95)
where production started-up last year, and the Jack (25%) and Tahiti (17%)
producing assets.

“This transaction is in line with our consistent strategy of filling our
Exploration portfolio with low cost and low emissions options, and will
significantly expand TotalEnergies’ Offshore U.S. exploration acreage,
combining a wide range of geological plays and prospectivity,” said Kevin
McLachlan, Senior Vice- President Exploration. “Building on the momentum of
the recent Ballymore and Anchor startups, we are very pleased to expand our
successful partnership with Chevron, and we expect to mature Exploration drill
decisions on these blocks utilizing advanced 3D imaging technology to unlock
large remaining U.S. Offshore production potential.”

TotalEnergies in the United States

TotalEnergies is deploying its integrated energy model across the United
States, where it has been active since 1957. Since 2022, TotalEnergies has
invested nearly $11 billion in the U.S. to accelerate development in oil, LNG,
and low carbon electricity. With over 10 million tons of output in 2024,
TotalEnergies is the leading exporter of U.S. LNG
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fcorporate.totalenergies.us%2Ftotalenergies-largest-exporter-us-liquefied-natural-gas-lng&esheet=54276399&newsitemid=20250615784379&lan=en-US&anchor=leading+exporter+of+U.S.+LNG&index=3&md5=9f97487bc9c501ba3f78625a88320143)
and is integrated throughout the LNG value chain, with upstream gas production
assets in Texas and offshore U.S. The U.S. is also a key country for the
deployment of TotalEnergies’ Integrated Power strategy – with 10 GW of
onshore utility-scale solar, wind and battery storage, installed and under
construction. Find out more about TotalEnergies’ U.S. presence here
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fcorporate.totalenergies.us%2Finvesting-united-states&esheet=54276399&newsitemid=20250615784379&lan=en-US&anchor=here&index=4&md5=b568f5b97a3ee81af580eca283592f1e)
.

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.

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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 

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



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