REG-TotalEnergies SE Cyprus: TotalEnergies Announces Positive Appraisal of the Cronos Gas Discovery in Block 6

TotalEnergies SEAnnouncement

15/02/2024 10:00

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Cyprus: TotalEnergies Announces Positive Appraisal of the Cronos Gas Discovery
in Block 6

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the successful
completion of the drilling and production test of the Cronos-2 appraisal well,
in Block 6, offshore Cyprus. TotalEnergies holds a 50% interest in Block 6,
alongside with Eni (50%, operator).

The Cronos-2 well confirmed the lateral extension of the Cronos-1 discovery
drilled in August 2022.

Located at approximately 160 km southwest of the Cyprus coast, Cronos-2
encountered several carbonate reservoir intervals with a net reservoir
thickness of 115 meters. The production test confirmed an excellent gas
deliverability of the well.

Two additional discoveries, Calypso-1 and Zeus-1, were made on the same Block
in 2018 and 2022 respectively.

“The successful appraisal of the Cronos gas discovery confirms the presence
of significant resources and production potential in Block 6. Full evaluation
of the discovered resources will now be carried out to determine the best
development option to contribute to supply gas to Europe and to the region”,
said Julien Pouget, Senior Vice President Middle East & North Africa,
Exploration & Production at TotalEnergies.

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, 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.

TotalEnergies Contacts

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)

@TotalEnergies
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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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