TIDMTTE
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces an oil
discovery by the Pedunculo well, located in the north-west of the
Sépia oil field, approximately 250 km off the coast of Rio de
Janeiro, Brazil.
This discovery lies within the Sépia Coparticipated Area, which
covers the Sépia Transfer of Rights (ToR) contract (Petrobras,
100%) and the Sepia ToR Surplus Production Sharing Contract awarded
in December 2021 to Petrobras (30%), TotalEnergies (28%),
QatarEnergy (21%) and Petronas (21%), with Pre-Sal Petróleo S.A.
(PPSA) as manager.
The Sépia Co-participated Area is operated by Petrobras, with a
stake of 51.9%. TotalEnergies holds 19.2% net interest, alongside
QatarEnergy (14.4%) and Petronas (14.4%). The Sépia shared
reservoir is currently producing 170,000 barrels of oil per
day.
"This is excellent news, just a few months after concluding our
entry into the world-class Sépia field in Brazil, where we are
already benefitting from the production performance from the first
FPSO," said David Mendelson, Senior Vice President, Americas at
TotalEnergies Exploration & Production. "The resources
confirmed by the Pedunculo well appear to exceed pre-drill
expectations and add to the potential for future development of the
area. Thanks to their exceptional productivity and the innovative
technologies used in their developments, these resources fully fit
in TotalEnergies' low-cost, low-emission oil portfolio."
The well was drilled at a water depth of approximately 2,200
meters. The net thickness of the well's oil column is one of the
highest ever recorded in Brazil. Operations to characterize the
reservoir and measure the extent of the discovery are ongoing.
***
About TotalEnergies in Brazil
TotalEnergies has been operating in Brazil for over 40 years,
and now employs more than 3,000 people across its business
segments, covering activities in exploration and production, gas,
renewable energies, lubricants, chemicals, and distribution.
TotalEnergies' Exploration & Production portfolio currently
includes eight assets, of which three are operated. In 2021, the
Company's production in the country averaged 49,000 barrels of oil
equivalent per day. This figure is expected to exceed 100,000 in
2022.
In 2017, TotalEnergies and Petrobras formed a Strategic Alliance
in exploration and production, and gas, renewables and power
activities. The Alliance allows the two companies to implement
R&D projects in fields such as artificial intelligence, to
generate efficiency gains, with direct applications in Brazil.
In December 2018, TotalEnergies entered Brazil's fuel
distribution market with the acquisition of Grupo Zema's
distribution activities, giving TotalEnergies a network of nearly
240 service stations, as well as several storage facilities for
petroleum products and ethanol.
In December 2021, TotalEnergies, bidding in the Transfer of
Rights Surplus round, was awarded two new non-operated Production
Sharing Contracts on the Atapu Surplus (22.5%) and Sépia Surplus
(28%) units, which were signed in late April 2022.
Through its subsidiary Total Eren, TotalEnergies is pursuing its
growth in the Brazilian renewables sector, to build on its current
capacity of 300 MW. In October 2022, TotalEnergies partnered with
Brazil's leading renewable energy player Casa dos Ventos to jointly
develop a 12 GW renewable energy portfolio.
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
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.
Contacts TotalEnergies
Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
l @TotalEnergiesPR
Investor Relations: +33 (0)1 47 44 46 46 l
ir@totalenergies.com
@TotalEnergies TotalEnergies TotalEnergies TotalEnergies
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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https://www.businesswire.com/news/home/20221031005465/en/
CONTACT:
TotalEnergies
SOURCE: TotalEnergies SE
Copyright Business Wire 2022
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