REG-TotalEnergies SE Sao Tome & Principe: TotalEnergies Acquires an Offshore Exploration License

TotalEnergies SEAnnouncement

26/06/2024 13:30

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Sao Tome & Principe: TotalEnergies Acquires an Offshore Exploration
License

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed an agreement to
acquire a 60% interest and operatorship in Block STP02, offshore Sao Tome and
Principe, from the Agência Nacional do Petroléo de S. Tomé e Principé
(ANP-STP). The remaining interest will be held by the existing license
holders, Sonangol (30%) and ANP-STP (10%). The transaction is subject to final
approvals from relevant authorities.

Located within an emerging basin, 60 km off the coast of Principe, Block STP02
covers an area of 4,969 km(2). Block STP02 is adjacent to the Block STP01
license operated by TotalEnergies (55%) alongside Sonangol (30%) and ANP-STP
(15%).

“Following the encouraging prospectivity interpreted on the 3D seismic data
on adjacent Block STP01, TotalEnergies continues to progress its exploration
effort in Sao Tome and Principe, by entering this promising license, thereby
maintaining the optionality of the Company's portfolio”, said Kevin
McLachlan, Senior Vice-President Exploration of TotalEnergies.

***

About TotalEnergies

TotalEnergies is a global integrated 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 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 Contacts 

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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