TOTALENERGIES SE: Agreement on Maritime Border Line between Israel and Lebanon: TotalEnergies Will Launch Exploration Activities on Block 9
November 15 2022 - 2:33AM
UK Regulatory
TIDMTTE
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and its partner
ENI have signed, with the State of Israel, a Framework Agreement to
implement the agreement on maritime boundary which has been reached
between Israel and Lebanon on October 27, 2022.
In Lebanon, TotalEnergies is the operator of the exploration
Block 9, and holds a 60% interest, alongside its partner ENI
(40%).
Following the signature of this Framework Agreement, the Block 9
partners will initiate the exploration of an already identified
prospect which might extend both in Block 9 and into Israel waters
South of the recently established Maritime Border Line.
Preparation of exploration activities starts now with the
mobilization of the teams, the purchase of required equipment and
the procurement of a drilling rig.
"TotalEnergies, as the operator of block 9, is proud to be
associated with the peaceful definition of a maritime border
between Israel and Lebanon. By bringing our expertise in offshore
exploration, we will respond to the request of both countries to
assess the materiality of hydrocarbon resources and production
potential in this area", said Patrick Pouyanné, Chairman and Chief
Executive Officer of TotalEnergies.
***
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.
TotalEnergies Contacts
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 l TotalEnergies l TotalEnergies l
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).
View source version on businesswire.com:
https://www.businesswire.com/news/home/20221115005762/en/
CONTACT: TotalEnergies Contacts
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
SOURCE: TotalEnergies SE
Copyright Business Wire 2022
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