REG-TotalEnergies SE Cyprus: TotalEnergies Announces a New Gas Discovery in Offshore Block 6

TotalEnergies SEAnnouncement

21/12/2022 09:30

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Cyprus: TotalEnergies Announces a New Gas Discovery in Offshore Block 6

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and Eni (operator) have made a
new gas discovery at the Zeus-1 well, in Block 6, offshore Cyprus. This
discovery follows the Calypso-1 and the Cronos-1 discoveries made on the same
block respectively in 2018 and August 2022. The Zeus-1 well encountered 105
meters of net gas pay in carbonate reservoirs that re-enforces the promising
outlook for the area and its development.

Located 162 km off the Cyprus coast and 5 km West of Cronos-1, Zeus-1 has been
safely drilled and successfully tested by the Tungsten Explorer drillship.

“This success at Zeus-1 further enhances the potential of Block 6, only four
months after the Cronos-1 discovery”, said Kevin McLachlan, Senior Vice
President, Exploration at TotalEnergies. “New data gathered from the well
will assist our ongoing assessment of fast-track development options for the
discovered resources.”

TotalEnergies holds a 50% interest in Block 6, where Eni is the operator
(50%).

In Cyprus, TotalEnergies is also present in offshore Block 11 (50%, operator),
7 (50%, operator), 2 (20%), 3 (30%), 8 (40%) and 9 (20%).

***

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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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 Contacts

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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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