REG-TotalEnergies SE TotalEnergies: Nigeria: Start of Production From the Ikike Field

TotalEnergies SEAnnouncement

25/07/2022 07:45

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TotalEnergies: Nigeria: Start of Production From the Ikike Field

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), OML99 operator (40%) in
partnership with the Nigerian National Petroleum Corporation (NNPC, 60%),
announces the start of production from the Ikike field, in Nigeria.

Located 20 kilometers off the coast, at a depth of about 20 meters, the Ikike
platform is tied back to the existing Amenam offshore facilities through a 14
km multiphase pipeline. It will deliver peak production of 50,000 barrels of
oil equivalent per day by the end of 2022.

The Ikike project leverages existing facilities to keep costs low, and is
designed to minimize greenhouse gas emissions: estimated at less than 4kg
CO(2)e/boe, they will contribute to reducing the average carbon intensity of
TotalEnergies’ upstream portfolio. In addition, 95% of hours were worked
locally: the jacket as well as the topside modules were entirely built and
integrated by local contractors.

“TotalEnergies is pleased to start production at Ikike, which was launched a
few months before the covid pandemic, and whose success owes a lot to the full
mobilization of the teams. By tapping discoveries close to existing
facilities, this project fits the Company’s strategy of focusing on low-cost
and low-emission oil projects”, said Henri-Max Ndong-Nzue, Senior Vice
President Africa, Exploration and Production at TotalEnergies.

***

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 where the Company produced 240 000 boe/d in 2021. 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 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.

TotalEnergies Contacts 

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

@TotalEnergies
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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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