REG-TotalEnergies SE Oman: TotalEnergies Signs Agreements for the Development of Low Carbon Natural Gas Projects

TotalEnergies SEAnnouncement

21/12/2021 12:35

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Oman: TotalEnergies Signs Agreements for the Development of Low Carbon Natural
Gas Projects

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed with the Ministry of
Energy and Minerals of the Sultanate of Oman a series of agreements for the
sustainable development of the country’s natural gas resources. These
agreements include:


 * The establishment of Marsa LNG, an integrated company between TotalEnergies
(80%) and Oman National Oil Company, OQ (20%). Marsa LNG will produce natural
gas from Block 10, with a view to subsequently develop a low-carbon LNG plant
in Sohar, powered by solar electricity, for the production of LNG for bunker
fuel.


 * A concession agreement for Block 10, to develop and produce natural gas from
this block. Marsa LNG will hold a 33.19% interest in Block 10, together with
its partners OQ and Shell Integrated Gas Oman B.V. (operator).
TotalEnergies’ production from Block 10 is expected to reach approximately
24,000 boe/d in 2023.


 * A Gas Sales Agreement, under which Marsa LNG will sell natural gas from Block
10 to the Government of Sultanate of Oman, for a duration of 18 years or until
the start-up of Marsa LNG plant.

“We are pleased to sign these agreements with the Sultanate of Oman and
further develop our activities in the country while contributing to develop
its energy sector in a more sustainable manner”, said Laurent Vivier, Senior
Vice President Middle East and North Africa, Exploration and Production, at
TotalEnergies.

***

About TotalEnergies EP in Oman

In Oman, the Company’s production was 39 kboe/d in 2020. TotalEnergies
produces oil in Block 6 (4%), as well as LNG through its participation in the
Oman LNG (5.54%)/Qalhat LNG (2.04% via Oman LNG) liquefaction complex with an
overall capacity of 10.5 Mt/y. In 2020 TotalEnergies also signed an
Exploration Production Sharing Agreement for Block 12 with the Ministry of
Energy and Minerals. TotalEnergies is operator of Block 12 covering 10,000
km(2) with a 80% share alongside its partner PTTEP of Thailand (20%).

TotalEnergies second largest private global LNG player

TotalEnergies is the world's second largest privately owned LNG player, with a
global portfolio of nearly 50 million tons per annum (Mtpa) by 2025 and a
global market share of around 10%. The Company benefits from strong and
diversified positions throughout the LNG value chain: gas production and
liquefaction, LNG transportation and trading, and contribution to the
development of the LNG industry for maritime transport. Through its interests
in liquefaction plants in Qatar, Nigeria, Russia, Norway, Oman, Egypt, the
United Arab Emirates, the United States, Australia and Angola, the Company
markets LNG on all world markets.

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.
TotalEnergies SE has no liability for the acts or omissions of these entities.
This document may contain forward-looking information and statements that are
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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 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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