REG-TotalEnergies SE Gabon: TotalEnergies EP Gabon Finalizes the Divestment of Interests in Non-operated Assets and the Cap Lopez Terminal

TotalEnergies SEAnnouncement

09/12/2021 07:45

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Gabon: TotalEnergies EP Gabon Finalizes the Divestment of Interests in
Non-operated Assets and the Cap Lopez Terminal

 

After receiving the approval of Gabonese authorities, TotalEnergies
(Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the closing of its agreement to
divest to Perenco Oil and Gas Gabon the Cap Lopez Terminal and non-operated
assets of its 58%-owned affiliate TotalEnergies EP Gabon.

With this transaction, in an amount of $350 million before final adjustment,
TotalEnergies EP Gabon is divesting its interests in seven mature offshore
fields operated by Perenco Oil and Gas Gabon, along with its interests and
operatorship in the Cap Lopez oil terminal, to Perenco Oil and Gas Gabon. The
divested assets' production stood at 8,400 barrels of oil equivalent per day
for the first three quarters of 2021.

"This transaction is aligned with TotalEnergies' strategy to enhance its
portfolio by divesting mature, high break-even fields. TotalEnergies EP Gabon
is refocusing on its operated offshore assets in the Anguille and Torpille
sectors and remains a committed oil industry player in Gabon," said Henri-Max
Ndong-Nzue, President of TotalEnergies EP Gabon.
 List of assets included in the transaction                                         
 Field - Sector          TotalEnergies EP Gabon's  TotalEnergies EP Gabon's         
                         
interest before the      
interest after the transaction  
                         
transaction                                               
 Grondin                 65.275%                   0%                               
 Gonelle - Grondin       
 Barbier - Grondin       
 Mandaros - Grondin      
 Girelle - Torpille      
 Pageau - Torpille       
 Hylia - Torpille        37.5%                     
 Cap Lopez oil terminal  100%                      


***

About TotalEnergies in Gabon

TotalEnergies has been operating in Gabon for more than 90 years and is a
major player in the country's upstream and downstream businesses. In 2020,
TotalEnergies' SEC production in Gabon came to 27,000 barrels of oil
equivalent per day.

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 105,000 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 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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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.
TotalEnergies SE has no liability for the acts or omissions of these 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).



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