REG-TotalEnergies SE Nigeria: TotalEnergies is Awarded Two Offshore Exploration Permits

TotalEnergies SEAnnouncement

Tue 09:30

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Nigeria: TotalEnergies is Awarded Two Offshore Exploration Permits

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) (80%, operator), together with
its partner South Atlantic Petroleum (20%), have signed the Production Sharing
Contract (PSC) for the PPL 2000 and PPL 2001 exploration licenses offshore
Nigeria, which were awarded following the 2024 Exploration Round organized by
the Nigerian Upstream Petroleum Regulatory Commission.

PPL 2000 & 2001, covering an area of approximately 2,000 square
kilometers, are located in the prolific West Delta basin. The work program
includes drilling one firm exploration well.

“TotalEnergies is honored to be the first international company to be
awarded exploration licenses in a bid round in Nigeria in more than a decade,
marking a new milestone in our long-term partnership with the country,” said
Kevin McLachlan, Senior Vice-President Exploration at TotalEnergies. “These
promising block captures are fully aligned with our strategy of strengthening
our Exploration portfolio with drill-ready and high impact prospects, that
have the potential for low-cost and low-emissions developments from new
discoveries in our core areas of expertise.”

***

About TotalEnergies in Nigeria

TotalEnergies has been present in Nigeria for more than 60 years and employs
today more than 1,800 people across different business segments. Nigeria is
one of the main contributing countries to TotalEnergies’ hydrocarbon
production with 209,000 boe/d produced in 2024. TotalEnergies also operates an
extensive distribution network which includes about 540 service stations in
the country. In all its operations, TotalEnergies is particularly attentive to
the socio-economic development of the country and is committed to working with
local communities.

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets
energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen,
renewables and electricity. Our more than 100,000 employees are committed to
provide as many people as possible with energy that is more reliable, more
affordable and more sustainable. Active in about 120 countries, TotalEnergies
places sustainability at the heart of its strategy, its projects and its
operations.

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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 

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
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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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