Exploration & Production - At a Glance 2023

Investing in low-cost, low-emission projects

E&P is continually optimizing and restructuring our portfolio and selectively investing in new projects to ensure resilience and profitability while reducing our GHG emissions.

In line with that strategy, in 2022 TotalEnergies launched, approved or acquired a stake in numerous projects. Examples include:

• the continued development of the Tilenga and EACOP projects in Uganda;
• approval of the Begonia, Quiluma and Maboqueiro fields in Angola;
• the extension of the production-sharing agreement signed with Sonatrach in Algeria’s Berkine Basin, and the increase in our interest in the Waha concessions in Libya;
• start-up of the Ikike project in Nigeria, where Exploration & Production is capitalizing on existing facilities;
• start-up of the Mero-1 FPSO and acquisition of a stake in the Atapu and Sépia projects in Brazil;
• the upgrade to the TotalEnergies E&P Bolivia facilities and the launch of the Fenix offshore gas project in Argentina.

At the same time, the Company has withdrawn from the North Platte project in the Gulf of Mexico, finalized the sale of its interests in the Sarsang oil field in Iraq, the Dunga field in Kazakhstan and Blocks 14 and 14K in Angola.