TOTALENERGIES SE: Angola: TotalEnergies Sells Its Non-operated Interest in Block 14
17 Janvier 2022 - 8:48AM
UK Regulatory
TIDMTTE
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed an
agreement to sell, jointly with Inpex, the company Angola Block 14
B.V. to the Angolan Company Somoil. The transaction is subject to
the approval of the Angolan authorities.
Angola Block 14 B.V., owned by TotalEnergies Holdings
International B.V. (50.01%) and Inpex Angola Block 14 Ltd (49.99%)
holds a 20% interest in block 14 in Angola and a 10% interest in
block 14K. The offshore blocks have been producing since 1999. Net
production from Angola Block 14 B.V. was 9,000 barrels of oil
equivalent per day in 2021.
"By divesting this interest in mature fields, TotalEnergies is
implementing its strategy to high-grade its oil portfolio, focusing
on assets with low costs and low emissions" said Henri-Max
Ndong-Nzue, Senior Vice President Africa of TotalEnergies
Exploration & Production. "TotalEnergies remains the number one
energy player in Angola, through its leading operating position in
deep-offshore, its interest in Angola LNG and in a first solar
power plant project, Quilemba Solar, located in the southwest of
the country."
***
TotalEnergies in Angola
TotalEnergies has been present in Angola since 1953, where it
today employs around 1,600 people in the business segments of
Exploration & Production, Integrated Gas, Renewables &
Power, and Marketing & Services. TotalEnergies' equity
production in Angola averaged 212,000 barrels of oil equivalent per
day in 2020 from operated blocks 17 and 32, from non-operated
blocks 0, 14, 14K, and Angola LNG. TotalEnergies is the country's
leading oil operator with close to 45% of Angola's operated oil
production, 4 operated blocks in development phase, blocks 16,
17/06, 20/11 and 21/09, and 2 blocks in exploration phase, blocks
29 and 48. In the gas sector, TotalEnergies holds a stake in the
5.2 million ton per year Angola LNG liquefaction plant, currently
supplied with associated gas from offshore oil fields, and in the
New Gas Consortium, the first non-associated gas project to be
developed in Angola. Finally, TotalEnergies is working closely with
the Angolan authorities to develop renewable and solar projects in
the country, in line with the Company's ambition.
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.
Twitter: @TotalEnergies LinkedIn: TotalEnergies Facebook:
TotalEnergies Instagram: 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 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).
TotalEnergies
Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
l @TotalEnergiesPR
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ir@totalenergies.com
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SOURCE: TotalEnergies SE
Copyright Business Wire 2022
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