Brazil: TotalEnergies Signs Production Sharing Contract for the Agua Marinha Offshore Block
May 31 2023 - 10:11AM
Business Wire
Regulatory News:
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and its
co-venturers Petrobras, QatarEnergy and PETRONAS Petróleo Brasil
Ltda (PPBL) have signed on 31 May 2023 the Production Sharing
Contract (PSC) for the Agua Marinha block, which was awarded in the
Open Acreage under Production Sharing Regime – 1st Cycle held by
Brazil’s National Petroleum Agency (ANP) in December 2022.
Agua Marinha is a 1,300 sq.km exploration block located in the
pre-salt Campos Basin south of the Marlim Sul field and about 140
km from shore. The work program includes drilling one firm
exploration well during the exploration period.
“The signature of the PSC for Agua Marinha expands our presence
in this promising area of the pre-salt Campos Basin, alongside our
three strategic partners, and we are looking forward looking to
exploring the block and drilling the Touro prospect” said Kevin
McLachlan, Senior Vice President, Exploration of TotalEnergies.
“Offshore Brazil, with its material low-cost, low-emission
resources is a core area for the Company. This block, along with
the two South Santos basin concessions obtained in 2022, further
reinforces our exploration portfolio in this high potential
area.”
TotalEnergies will participate in the block with a 30% interest,
alongside operator Petrobras (30%), QatarEnergy (20%) and PPBL
(20%).
***
About TotalEnergies in Brazil TotalEnergies has been
operating in Brazil for almost 50 years, through six subsidiaries,
and today employs more than 3,000 people in its business segments,
in Exploration & Production, gas, renewable electricity (solar
and wind), lubricants, chemicals and distribution. TotalEnergies'
Exploration & Production portfolio currently includes 11
licenses, of which 4 are operated. In 2022, the Company's average
production in the country was 104,000 barrels of oil equivalent per
day. TotalEnergies is investing in the growth of the renewable
energy segment in Brazil. TotalEnergies' subsidiary Total Eren has
300 MW of solar and wind projects in operation. In October 2022,
the company entered into a partnership with Casa dos Ventos,
Brazil's leading renewable energy player, to jointly develop a 12
GW renewable energy portfolio. TotalEnergies is also active in the
Brazilian fuel distribution market with a network of about 240
filling stations as well as several storage facilities for
petroleum products and ethanol.
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 TotalEnergies 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).
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