September 2022 - Strategy and Outlook
Oil
Leveraging our oil portfolio
Maersk Oil, 5 years on
Accretive M&A
→ 5 B$ equity + 2.5 B$ debt
→ High quality oil assets:
•
North Sea (Johan Sverdrup),
Algeria (Berkine), US GOM (Jack)
→ 2022 production: ~190 kboe/d
CFFO
B$
9 B$ over 2018-22
3
2
1
Growing in Brazil
Timely acquisitions of Sépia and Atapu
→ Successful bid in a 60 $/b environment (Dec '21)
→ Contributing 2022 CFFO >700 M$
(~25% of purchase price)
Mero reaching plateau by 2026
→ 4x 180 kb/d FPSOS (First oil 2022-25)
Low-cost and low-emission production
with future growth options
→ Lapa Southwest tie-back (FID end-2022)
→ 2nd FPSO on Sépia and Atapu (FIDs end-2023)
→ Exploration upside
2018
2019
2020
2021
2022
Production
kboe/d (TotalEnergies share)
200
100
Te
TotalEnergies
Sépia
Atapu
lara
Mero
Lapa (op.)
2021
2022 2023
2024
2025
2026
Organic net cash flow
B$
2
1
80
$/b
50
$/b
2021
2022 2023
2024
2025
2026
September 2022 - Strategy and Outlook 27View entire presentation