REG-TotalEnergies SE Angola: TotalEnergies is Rolling out its Multi-Energy Strategy by Launching Three Projects in Oil, Gas and Solar Energy

TotalEnergies SEAnnouncement

28/07/2022 14:30

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Angola: TotalEnergies is Rolling out its Multi-Energy Strategy by Launching
Three Projects in Oil, Gas and Solar Energy

 

As part of the rollout of its multi-energy strategy in Angola, TotalEnergies
(Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the launch of the Begonia oil
field, and Quiluma and Maboqueiro gas fields developments, as well as its
first photovoltaic project in the country, with a capacity of 35 MWp and the
possibility of adding 45 MWp in a second phase.

Begonia, the first development on Block 17/06

TotalEnergies today announces the final investment decision for Begonia, the
first development of block 17/06, located 150 kilometers off the Angolan
coast, in agreement with concession holder Agência Nacional de Petróleo,
Gás e Biocombustíveis (ANPG) and its partners on Block 17/06.

The Begonia development consists of five wells tied back to the Pazflor FPSO
(floating production, storage and offloading unit), already in operation on
Block 17. After commissioning, expected in late 2024, it will add 30,000
barrels a day to the FPSO's production.

After CLOV Phase 3, another satellite project that produces 30,000 barrels a
day and was launched on Block 17 in June 2022, Begonia is the second
TotalEnergies-operated project in Angola to use a standardized subsea
production system, saving up to 20% on costs and shortening lead times for
equipment delivery.

The project represents an investment of $850 million and 1.3 million man-hours
of work, 70% of which will be carried out in Angola.

Quiluma and Maboqueiro, Angola's first non-associated natural gas projects

TotalEnergies also announces the final investment decision for the “Non
Associated Gas 1” (NAG1) project, in which the Company holds an 11.8%
interest alongside its partners, Eni (operator with 25.6%), Chevron (31%),
Sonangol P&P (19.8%) and bp (11.8%).

NAG1 is the first non-associated natural gas project developed in Angola. Gas
produced from the Quiluma and Maboqueiro offshore fields will supply the
Angola LNG plant, improving Angola's LNG production capacity and the
availability of domestic gas for the country's industrial development.
Production is scheduled to start in mid-2026.

Quilemba, Angola's first TotalEnergies solar plant

TotalEnergies, alongside the Ministry of Energy and Water as well as its
partners Sonangol and Greentech, was also awarded by the Angolan authorities,
the concession for the construction of the Quilemba photovoltaic plant, with
initial capacity of 35 MWp and the possibility of adding 45 MWp in a second
phase.

The plant will be located in the southern city of Lubango and should come on
stream at the end of 2023. It will contribute to the decarbonization of
Angola’s energy mix and, through a fixed-price Power Purchase Agreement
(PPA), deliver significant savings for the Angolan government compared to the
fuel used in existing power plants. TotalEnergies holds an 51% interest in
Quilemba solar, alongside affiliates of Sonangol EP (30%) and Angola
Environment Technology (Greentech, 19%).

"Begonia, NAG1 and Quilemba illustrate the deployment of our multi-energy
strategy in Angola, where TotalEnergies has been active for nearly seventy
years," said Patrick Pouyanné, Chairman and CEO of TotalEnergies. “With
Begonia, the first subsea tieback to another block, we are leveraging the
existing Pazflor infrastructure, reducing costs, thanks largely to the
standardization of subsea equipment, and continuing to innovate in the deep
offshore. With the NAG1 project, we will contribute to the country’s
industrial development and enable Angola, from 2026, to increase its LNG
production and to contribute to the security of supply of Europe and Asia.
Quilemba will allow us to harness the country's solar potential and develop a
sustainable model for the production of electricity. These three projects
demonstrate TotalEnergies' ambition to support Angola during the energy
transition by producing energy with low carbon intensity and developing
renewables in a country with strong potential."

***

TotalEnergies in Angola

TotalEnergies has been present in Angola since 1953 and today employs around
1,500 people across different business segments. With a diversified portfolio,
deep offshore operated assets representing more than 45% of the country’s
oil production, service stations in partnership with Sonangol and renewable
energy projects, TotalEnergies in Angola is a key player in supporting the
country’s sustainable energy transition.

Block 17/06

TotalEnergies operates Block 17/06 with a 30% interest, alongside affiliates
of Sonangol P&P (30%), SSI (27.5%), ACREP/Somoil (5%), Falcon Oil (5%) and
PTTEP (2.5%).

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, cleaner, more reliable and accessible to as many people
as possible. Active in more than 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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nor any of its subsidiaries assumes any obligation to update publicly any
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TotalEnergies’ financial results or activities is provided in the most
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is filed by TotalEnergies SE with the French securities regulator Autorité
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