PARIS–(BUSINESS WIRE)–Regulatory News:
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and its partners QatarEnergy and Petronas Petróleo Brasil Ltda (PPBL) won the Agua Marinha block today, in the first round of the tender Open Acreage under Production Sharing Regime organized by the Brazilian National Petroleum Agency (ANP). Petrobras exercised its right of first refusal, obtaining a 30% stake and operator status.
Agua Marinha is a large block with an area of 1,300 km2located in the pre-salt basin of Campos, about 140 km from the coast.
“TotalEnergies is pleased to expand its presence in the Campos Basin with this new exploration block and alongside three strategic partners. This is part of our strategy, which aims to explore a selection of basins with high potential, which can provide abundant resources at low cost and low carbon intensity.”, said Kevin McLachlan, Exploration Director of TotalEnergies.
TotalEnergies will participate in the exploration of the block with a 30% stake, the remaining interests being divided between Petrobras, operator (30%), QatarEnergy (20%) and PPBL (20%).
Entry into this block follows entry into two other blocks, SM-1815 and SM-1711, located in the Santos South basin and awarded during the third round of the permanent tender, which will is held on April 13, 2022.
About TotalEnergies in Brazil
TotalEnergies has been present in Brazil for more than 40 years and today employs more than 3,000 people in all these business segments: exploration-production, gas, renewable energies, lubricants, chemicals and distribution.
The Exploration-Production portfolio has 10 assets, 4 of which are operated. In 2021, the Company’s production in the country averaged 49,000 barrels of oil per day. This figure is expected to exceed 100,000 barrels of oil per day in 2022.
In 2017, TotalEnergies and Petrobras formed a Strategic Alliance which encompasses exploration-production and gas, renewable energies and electricity activities. Thanks to this alliance, the two companies are developing various R&D projects, particularly in artificial intelligence, in order to achieve efficiency gains directly applicable to Brazilian projects.
In December 2018, TotalEnergies entered the Brazilian fuel distribution market through the acquisition in December 2018 of the distribution activities of Grupo Zema. The Company now has a network of approximately 240 service stations, as well as several storage facilities for petroleum products and ethanol.
In December 2021, TotalEnergies was awarded two new non-operated production sharing contracts on the Atapu Surplus (22.5%) and Sepia Surplus (28%) units, which were signed at the end of April 2022.
Through its subsidiary Total Eren, TotalEnergies continues its growth in the renewable energy sector in Brazil, in order to strengthen 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.
TotalEnergies is a global multi-energy energy production and supply company: oil and biofuels, natural gas and green gases, renewables and electricity. Its 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. Present in more than 130 countries, TotalEnergies places sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of populations.
The terms “TotalEnergies”, “TotalEnergies company” and “Company” appearing in this document are used to designate TotalEnergies SE and the consolidated entities that TotalEnergies SE directly or indirectly controls. Similarly, the terms “we”, “us”, “our” may also be used to refer to these entities or their collaborators. The entities in which TotalEnergies SE directly or indirectly holds a stake are separate and autonomous legal entities. This document may contain forward-looking statements. They may prove to be inaccurate in the future and are dependent on risk factors. Neither TotalEnergies SE nor any of its subsidiaries undertakes any obligation or responsibility to investors or any other stakeholder to update or revise, particularly as a result of new information or future events, any or part of any statements, forward-looking information, trends or objectives contained herein. Information concerning the risk factors likely to have a material adverse effect on the financial results or the activities of TotalEnergies is also available in the most updated versions of the Universal Registration Document filed by TotalEnergies SE with the Autorité des Capital Markets and Form 20-F filed with the United States Securities and Exchange Commission (“SEC”).
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