TotalEnergies: Brazil: Production of the first development phase of the giant Melofield begins

Paris – (Business Wire) – Regulatory News:

TotalEnergies (Paris: TTE) (LSE: TTE) (NYSE: TTE) has announced the start of production of the first phase of the development of a huge Melo oil field in the Libra block over 150km off Rio de Janeiro. Presalt basin rich in Santos.

Launched at the end of 2017, this first phase (Mero-1) includes a floating production storage and shipping unit (FPSO) with a daily production capacity of 180,000 barrels of oil.

This first phase is followed by three other development phases. The Mero 2, Mero 3, and Mero 4 FPSOs each have a daily production capacity of 180,000 barrels and are planned to start between 2023 and 2025.

“The launch of the first fixed FPSO at the Libra block is another important milestone for Brazil’s TotalEnergies. Entering this startup and two fields, Atapu and Sépia, officially signed on April 27. The company reached 30,000 barrels per day in the second quarter of 2022, 60,000 barrels per day in the fourth quarter, and approximately 120,000 barrels per day by the end of 2022. “ Said Patrick Pouyanné, Chairman and CEO of TotalEnergies.. “Melo development will continue to launch three other FPSOs over the next few years, all under construction, with production equivalent to more than 650,000 barrels of oil per day in 2026. Can be reached. This world-class development demonstrates TotalEnergies’ strategy to focus on low-cost projects with low greenhouse gas emissions »».

The Melo oil field has been in the prototype stage at Libra’s Pioneiro FPSO since 2017 and can produce 50,000 barrels of oil per day.

Unitized Melofields include TotalEnergies (19.3%), Shell Brasil (19.3%), CNPC (9.65%), CNOOC Limited (9.65%), Pré-Sal Petroleo SA-PPSA (3.5%), Governments in non-contracted areas. Represents.

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About TotalEnergies in Brazil

TotalEnergies has been in Brazil for over 40 years and currently employs more than 3,000 people in all of these business segments, including exploration production, gas, renewable energy, lubricants, chemicals and distribution. Exploration-The production portfolio has eight assets, three of which are managed. In 2021, the company’s domestic production averaged 49,000 barrels of oil per day. In October 2019, a consortium led by TotalEnergies won the block CM-541 in the Campos Basin in 2016.th The ANP oil auction and Malolo’s first exploration drilling will proceed. In December 2021, TotalEnergies won two new non-operational production sharing agreements, the Atapu Surplus block (22.5%) and Sépia Surplus (28%), signed on April 27, during a bid for surplus rights transfer. bottom. 2022. In April 2022, TotalEnergies was awarded two deep offshore exploration blocks under the Third Standing Offer held by the Brazilian National Oil, Natural Gas and Biofuels Agency (ANP).

In 2017, TotalEnergies and Petrobras formed a strategic alliance with exploratory production and gas, renewable energy and electricity activities. Thanks to this partnership, the two companies are developing various R & D projects, especially in the field of artificial intelligence, to achieve increased efficiency that can be applied directly to Brazilian projects. TotalEnergies entered the Brazilian fuel distribution market with the acquisition of Grupo Zema’s distribution activities in December 2018. The company currently has a network of approximately 240 service stations and several storage facilities for petroleum products and ethanol. In addition, TotalEnergies continues to grow renewable energy in Brazil, which already has a capacity of 300 MW, through its subsidiary TotalEren.

About TotalEnergies

TotalEnergies is a global multi-energy company that produces and supplies energy such as oil and biofuels, natural gas and green gas, renewables and electricity. Its 100,000 employees are committed to energy that is more affordable, cleaner, more reliable and available to as many people as possible. TotalEnergies is located in more than 130 countries and puts sustainable development in all aspects at the heart of its projects and operations to contribute to the well-being of its population.

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The terms “TotalEnergies,” “TotalEnergies company,” and “Company” used throughout this document are used to refer to TotalEnergies SE and the integrated entities that TotalEnergies SE manages directly or indirectly. Similarly, the terms “us,” “us,” and “our” may be used to refer to these entities or their collaborators. The entity in which TotalEnergies SE holds shares directly or indirectly is a separate, autonomous legal entity. This document may contain forward-looking statements. They may turn out to be inaccurate in the future and depend on risk factors. Both TotalEnergies SE and its subsidiaries have updated or updated or as a result of new information, future events, parts or parts of statements, information about future prospects, trends or objectives, in particular to investors or other interested parties. We shall not be obliged or responsible for revisions. Included here. Information on risk factors that may have a significant negative impact on TotalEnergies’ performance or activities is also available in the latest version of the Universal Registration Document submitted by TotalEnergies SE to Autorité des Capital Markets and Form 20-F. With the US Securities and Exchange Commission (“SEC”).

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