REG-TotalEnergies SE TotalEnergies SE: United States: First Oil From the Anchor Field in Gulf of Mexico

TotalEnergies SEAnnouncement

12/08/2024 14:45

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TotalEnergies SE: United States: First Oil From the Anchor Field in Gulf of
Mexico

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the start of
production from the Anchor field, located in the US Gulf of Mexico, in which
the Company has a 37.14% interest alongside operator Chevron (62.86%).

Located 225 kilometers off the Louisiana coast, Anchor, which development was
launched in December 2019, consists of a system of subsea wells connected to a
semi-submersible floating production unit (FPU) with a production capacity of
75,000 barrels of oil per day and 28 million cubic feet of gas per day. At
plateau, Anchor will represent close to 30,000 barrels of oil equivalent per
day (boe/d) net for TotalEnergies. The Anchor FPU has been designed to
minimize greenhouse gas emissions through an all-electric configuration, with
electric motors and electronic controls, and the utilization of waste heat and
vapor recovery technologies.

“The start-up of Anchor is a new milestone in the deployment of
TotalEnergies’ integrated energy model in the US, combining the development
of oil projects with a high leverage to price and a low emissions intensity
and growth in Integrated LNG and Integrated Power. Delivered safely, on time
and within budget, this project will contribute to the Company’s free cash
flow growth trajectory” said Nicolas Terraz, President, Exploration &
Production at TotalEnergies.

***

TotalEnergies in the United States

TotalEnergies is deploying its integrated energy model across the United
States, where it has been active since 1957. With over 10 Mt of output in
2023, TotalEnergies is the leading exporter of U.S. LNG
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fcorporate.totalenergies.us%2Ftotalenergies-largest-exporter-us-liquefied-natural-gas-lng&esheet=54107874&newsitemid=20240812155816&lan=en-US&anchor=leading+exporter+of+U.S.+LNG&index=1&md5=c580e91d461efc4f47c99e0ecae08a1f)
, and plans to increase its capacity to 15 Mt/y after the start-up of the Rio
Grande LNG plant in South Texas. The Company is integrated throughout the LNG
value chain, with upstream gas production assets in Texas and offshore in the
Gulf of Mexico. The U.S. is also a key country for the deployment of
TotalEnergies’ Integrated Power strategy – with 25 GW of renewables
projects and flexible generation assets, and as a power trading hub in
Houston. Find out more about TotalEnergies’ U.S. presence here
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fcorporate.totalenergies.us%2Fjoin-us&esheet=54107874&newsitemid=20240812155816&lan=en-US&anchor=here&index=2&md5=54c4f36a75579678d950134bb853eb5d)
.

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.

@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).

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)



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