REG-TotalEnergies SE Lebanon: QatarEnergy Joins TotalEnergies and Eni on Two Exploration Blocks

TotalEnergies SEAnnouncement

30/01/2023 07:00

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Lebanon: QatarEnergy Joins TotalEnergies and Eni on Two Exploration Blocks

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and Eni have completed the
transfer to QatarEnergy of a 30% interest in exploration Blocks 4 and 9 off
the coast of Lebanon.

The agreements were endorsed in Beirut on January 29, during a ceremony
attended by His Excellency Dr. Walid Fayad, the Minister of Energy and Water
of Lebanon; His Excellency Mr. Saad Sherida Al-Kaabi, Qatar’s Minister of
State for Energy Affairs and President and CEO of QatarEnergy; Mr. Patrick
Pouyanné, Chairman and CEO of TotalEnergies; and Mr. Claudio Descalzi, CEO of
Eni.

Pursuant to the terms of the agreements, TotalEnergies (operator) and Eni will
each retain a 35% interest in the blocks with QatarEnergy holding the
remaining 30%.

“We are very pleased to welcome QatarEnergy in our exploration acreage in
Lebanon. The recent delineation of Lebanon’s maritime border with Israel has
created a new momentum for the exploration of its hydrocarbon potential. Along
with our partners, we are committed to drilling as soon as possible in 2023 an
exploration well in Block 9, and our teams are mobilized to conduct these
operations”, said Patrick Pouyanné, Chairman and CEO of TotalEnergies.

This new partnership further expands the cooperation between TotalEnergies and
QatarEnergy in exploration activities, and brings to nine the number of
countries where the two companies have partnerships.

***

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).

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