September 2022 - Strategy and Outlook
Oil
Developing new oil projects
Te
TotalEnergies
Uganda-Tanzania
Project sanctioned in February 2022
→ Tilenga (upstream) + EACOP (pipeline)
• Drilling start end-2022
⚫ Biodiversity program in action
130 kboe/d*, > 800 M$/y CFFO*
→ First oil 2025
Cameia-Golfinho
New hub in Angola
→ Blocks 20 & 21 (80% op.)
→ 70 kboe/d FPSO
Leveraging synergies with operations
in Angola
Targeting FID in 2023, > 500 M$/y CFFO*
→ First oil from 2026
Exploration discoveries
Lean exploration plan (Capex < 500 M$)
yielding results for 2027+ growth
→ Venus (Namibia)
.
Giant oil and gas discovery
•
Appraisal and testing beginning 2023
→ Block 58 (Suriname)
Appraisal ongoing to confirm first
development
* TotalEnergies share at 50 $/b, at plateau
September 2022 - Strategy and Outlook 29View entire presentation