REG-TotalEnergies SE United States: First Oil From the Ballymore Offshore Field

TotalEnergies SEAnnouncement

22/04/2025 07:00

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United States: First Oil From the Ballymore Offshore Field

 

TotalEnergies announces the start of production from the deepwater Ballymore
field offshore U.S., in which the Company has a 40% interest alongside
operator Chevron (60%).

Located 120 kilometers off the Louisiana coast and launched in May 2022,
Ballymore has a total daily gross production capacity of 75,000 barrels of oil
per day and 50 million cubic feet of gas per day tied back to the Chevron
operated Blind Faith floating production unit. At plateau, Ballymore will
represent close to 30,000 boe/d net of cash-accretive production for
TotalEnergies. The project utilizes existing infrastructure as well as
standardized equipment to ensure lower development costs and lower emission
intensity.

“The start-up of Ballymore will increase TotalEnergies’ production
capacity in U.S. deepwater to more than 75,000 boe/d and contribute to the
Company’s targeted hydrocarbon production growth of over 3% in 2025,” said
Nicolas Terraz, President, Exploration & Production at TotalEnergies.
“The United States is a major market for the deployment of our integrated
energy model, which combines low breakeven and low emissions oil and gas
projects with LNG and integrated power developments.”

***

TotalEnergies in the United States

TotalEnergies is deploying its integrated energy model across the United
States, where it has been active since 1957. Since 2022, TotalEnergies has
invested nearly $11 billion in the U.S. to accelerate development in oil, LNG,
and low carbon electricity. With over 10 million tons of output in 2024,
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=54240871&newsitemid=20250421229386&lan=en-US&anchor=leading+exporter+of+U.S.+LNG&index=1&md5=167ed6c933dac7a1440e46ce69855471)
and is integrated throughout the LNG value chain, with upstream gas production
assets in Texas and offshore U.S. The U.S. is also a key country for the
deployment of TotalEnergies’ Integrated Power strategy – with 10 GW of
onshore utility-scale solar, wind and battery storage, installed and under
construction. Find out more about TotalEnergies’ U.S. presence here
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fcorporate.totalenergies.us%2Finvesting-united-states&esheet=54240871&newsitemid=20250421229386&lan=en-US&anchor=here&index=2&md5=ee29d034b14f685e2b4f152bb5006069)
.

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets
energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen,
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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