Exploration & Production - At a Glance 2023

Achievements and Challenges

SEPTEMBER

Exploration

Oman: An exploration and production-sharing agreement is signed for Block 11.

Natural Gas/LNG

Argentina: Launch of the Fenix offshore gas development, a low-emission project with low technical costs.

Qatar: Selection of TotalEnergies as QatarEnergy’s first partner on the North Field South (NFS) LNG project, with annual capacity of 16 million tons.

OCTOBER

Exploration

Brazil: Oil discovery at the Pedunculo well, in the northwest of the Sépia old field about 250 kilometers off the coast of Rio de Janeiro.

NOVEMBER

Oil

Libya: Increase in TotalEnergies’ interest in the Waha concessions from 16.33% to 20.41%.

DECEMBER

Exploration

Brazil: Award of a new offshore exploration license in the high-potential Agua Marinha block that could supply abundant low-cost, low-carbon-intensity resources.

Cyprus: A new gas discovery on the Zeus-1 well in Block 6, only four months after the Cronos-1 discovery.