REG-TotalEnergies SE Namibia: TotalEnergies Makes a Significant Discovery in Offshore Block 2913B

TotalEnergies SEAnnouncement

24/02/2022 07:45

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Namibia: TotalEnergies Makes a Significant Discovery in Offshore Block 2913B

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has made a significant
discovery of light oil with associated gas on the Venus prospect, located in
block 2913B in the Orange Basin, offshore southern Namibia.

The Venus 1-X well encountered approximately 84 meters of net oil pay in a
good quality Lower Cretaceous reservoir.

“This discovery offshore Namibia and the very promising initial results
prove the potential of this play in the Orange Basin, on which TotalEnergies
owns an important position both in Namibia and South Africa” said Kevin
McLachlan, Senior Vice President Exploration at TotalEnergies. “A
comprehensive coring and logging program has been completed. This will enable
the preparation of appraisal operations designed to assess the commerciality
of this discovery.”

Block 2913B covers approximately 8,215 km² in deep offshore Namibia.
TotalEnergies is the operator with a 40% working interest, alongside
QatarEnergy (30%), Impact Oil and Gas (20%) and NAMCOR (10%).

***

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 105,000 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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