REG-TotalEnergies SE Oman: TotalEnergies Signs Exploration and Production Sharing Agreement for Onshore Block 11

TotalEnergies SEAnnouncement

16/09/2022 15:45

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Oman: TotalEnergies Signs Exploration and Production Sharing Agreement for
Onshore Block 11

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), along with its partners, has
signed an Exploration and Production Sharing Agreement (EPSA) with the
Ministry of Energy and Minerals (MEM) of the Sultanate of Oman in the onshore
Block 11. The first stage of the EPSA activities will see seismic acquisition
in late 2022, with a first exploration well planned to be drilled in 2023.

TotalEnergies will hold a 22.5% interest in the block, OQ 10% and Shell with
67.5% will be the operator. Block 11 contains undeveloped discoveries and
exploration potential.

“Our recent activities in Oman are a demonstration of TotalEnergies’
strategy of transformation into a multi-energy company. Today’s entry into
the Block 11 gives us the opportunity to unlock additional potential to meet
domestic and export gas demand. It strengthens our strategic relationship with
the Sultanate of Oman, as illustrated last December by our entry into the
neighbouring Block 10 gas concession, and the start of construction last July
of 17-megawatt-peak solar photovoltaic systems providing power to a
desalination plant”, said Laurent Vivier, Senior Vice President Middle East
and North Africa, Exploration and Production, at TotalEnergies.

H.E. Eng. Salim bin Nasser Al Aufi, Minister of Energy and Minerals in Oman
said: “There is a continuous focus in MEM on enhancing the natural gas
reserves of the Sultanate of Oman through exploration and appraisal activities
undertaken by several companies in the country. This agreement strengthens the
strategic relations with partners in the sector such as Shell, TotalEnergies,
OQ and others to ensure Oman’s energy security and attract more foreign
investment, adding the highest value to the local supply chain.”

***

About TotalEnergies in Oman

In 2021, TotalEnergies’ production in Oman was 39 kboe/d.

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 2021 TotalEnergies signed a Concession Agreement to develop natural gas
resources on the onshore Block 10 (26,55%), with first gas is expected in
2023. TotalEnergies also operates exploration Block 12 (80%). TotalEnergies
also contributes to the development of renewables in the country.

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.

Contacts TotalEnergies

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Relations Investisseurs : +33 (0)1 47 44 46 46 l ir@totalenergies.com
(mailto:ir@totalenergies.com)

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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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