REG-TotalEnergies SE TotalEnergies SE: Angola: A New Milestone Towards the Development of Blocks 20 and 21

TotalEnergies SEAnnouncement

02/05/2023 17:31

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230502:nBw6XCjtqa&default-theme=true


TotalEnergies SE: Angola: A New Milestone Towards the Development of Blocks 20
and 21

 

TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE):

Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG), TotalEnergies
EP Angola and Sonangol Pesquisa e Produção S.A. signed today a heads of
agreement related to the future development of the Cameia and Golfinho fields,
located on Blocks 20 and 21 in the Kwanza basin.

This heads of agreement is an important milestone towards a final investment
decision expected in 2023, after partners and authorities’ approval.

This future development project on Blocks 20 and 21, located around 150 km
southwest of Luanda, will comprise an FPSO, the seventh for TotalEnergies in
Angola, connected to a subsea network. The design of this new project includes
electrical generation from a combined cycle turbine and a zero flaring
concept, allowing a lower carbon intensity.

“Together with our partners, we are working to make possible this first
offshore development project in the Kwanza basin, which will allow to put in
production Cameia and Golfinho discoveries and add more value to new national
energy resources”, said Nicolas Terraz, President, Exploration &
Production at TotalEnergies. “TotalEnergies celebrates 70 years of presence
in Angola this year. We have always been pioneers in the Angolan energy
landscape.”

“This agreement should allow the first production in the maritime zone of
the Kwanza and may contribute decisively for the national production
objectives. Its potential may generate interest from other operators,
including the beginning of other developments on the Kwanza Basin”, said
Paulo Jerónimo, Chairman of the Board of ANPG, congratulating the pioneers
TotalEnergies and Sonangol Pesquisa e Produção, and awaiting with
expectation the next phases for the concretization of results.

“Today, we reached an important milestone. For the coming years, the
objective is for this project to be successful. For some time now, we want
Blocks 20 and 21 to start producing, and we target a final investment decision
this year, allowing soon that the offshore Kwanza Basin begins production”,
said Gaspar Martins, Chairman of the Board, at Sonangol.

TotalEnergies EP Angola Blocks 20-21 (Operator) holds an 80% interest in each
block, while Sonangol Pesquisa e Produção S.A holds the remaining 20%.

***

About TotalEnergies in Angola

Present in Angola since 1953, TotalEnergies employs around 1500 people in
different business segments. With a diversified business portfolio, from deep
offshore assets that represents around 45% of the country’s hydrocarbons
production, service stations in partnership with Sonangol and renewables,
TotalEnergies in Angola is a key actor for a equitable energy transition of
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 nearly 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
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FTotalEnergies&esheet=53391870&newsitemid=20230502005994&lan=en-US&anchor=%40TotalEnergies&index=1&md5=6fa17ff11f9a60204031ea51b876c518)
l TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ftotalenergies%2F&esheet=53391870&newsitemid=20230502005994&lan=en-US&anchor=TotalEnergies&index=2&md5=b261f9ed27e0284803c12694d94606a7)
l TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.facebook.com%2FTotalEnergiesFrance%2F&esheet=53391870&newsitemid=20230502005994&lan=en-US&anchor=TotalEnergies&index=3&md5=e877b10d6c6bc372d54dd63e635e6175)
l TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.instagram.com%2Ftotalenergies%2F&esheet=53391870&newsitemid=20230502005994&lan=en-US&anchor=TotalEnergies&index=4&md5=c4e49deb1005f165befac4d9b1fd62b4)

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 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

Corporate Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPR
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FTotalEnergiesPR&esheet=53391870&newsitemid=20230502005994&lan=en-US&anchor=%40TotalEnergiesPR&index=5&md5=77aadfff0082d7c3e7b76f9ad0711e42)

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



View source version on businesswire.com:
https://www.businesswire.com/news/home/20230502005994/en/
(https://www.businesswire.com/news/home/20230502005994/en/)

TotalEnergies


Copyright Business Wire 2023