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TotalEnergies Sells its Curiosity within the Dunga Oil Subject and Progresses In the direction of the Implementation of a 1 GW Wind Vitality Undertaking
PARIS, December 01, 2022–(BUSINESS WIRE)–
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) implements its vitality transition technique in Kazakhstan with, on the one hand, the sale of its affiliate Whole E&P Dunga GmbH and, on the opposite the enormous Mirny wind farm venture that obtained the assist of the French and Kazakh authorities on the event of the go to in France of the President of Kazakhstan, Kassym Jomart Tokayev.
On November 28, 2022, TotalEnergies signed an settlement for the sale of its affiliate Whole E&P Dunga GmbH to the Kazakh firm, Oriental Dawn Corp Ltd, for an quantity of $330 million. Whole E&P Dunga GmbH holds a 60% working curiosity within the onshore Dunga oil area in Kazakhstan, representing a internet manufacturing of roughly 7,400 barrels of oil equal per day in 2022. The transaction is topic to the approval of the authorities of Kazakhstan and the waiver of the companions’ preemption rights.
TotalEnergies additionally strengthens its presence in renewable vitality within the nation. Along with its two solar energy vegetation in operation (with a capability of 128 MW), Whole Eren has signed an settlement with its companions Samruk-Kazyna and KazMunayGas to develop the Mirny venture, the most important wind vitality venture ever initiated in Kazakhstan. This venture is a part of the intergovernmental settlement on the implementation of cooperation within the area of combating world warming, signed yesterday by France and Kazakhstan. The 200 wind generators, totaling 1GW of put in capability, might be mixed with a 600 MWh battery storage system. The venture will provide greater than 1 million folks in Kazakhstan with low-carbon electrical energy.
“TotalEnergies is absolutely dedicated to offering its experience and know-how to develop Kazakhstan’s pure assets, as we’re doing as companion of the enormous Kashagan area. These agreements show TotalEnergies’ vitality transition technique. On the one hand, we dynamically handle our portfolio by disposing of mature, non-core belongings such because the Dunga area. On the opposite, we’re very proud to assist the nation’s low carbon improvement ambition by way of the key Mirny wind venture “, mentioned Patrick Pouyanné, Chairman and CEO of TotalEnergies.
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TotalEnergies in Kazakhstan
Energetic in Kazakhstan since 1992, TotalEnergies is likely one of the major shareholders (16.81%) within the North Caspian Undertaking consortium in command of growing the enormous Kashagan area and operates the Dunga area (60%). The Firm can be increasing a distribution community in Central Asia for TotalEnergies-branded lubricants, growing renewable vitality initiatives through its subsidiary Whole Eren, and offering main industrial energy storage options through its subsidiary Saft.
About TotalEnergies
TotalEnergies is a world multi-energy firm that produces and markets energies: oil and biofuels, pure gasoline and inexperienced gases, renewables and electrical energy. Our greater than 100,000 staff are dedicated to vitality that’s ever extra reasonably priced, cleaner, extra dependable and accessible to as many individuals as potential. Energetic in additional than 130 nations, TotalEnergies places sustainable improvement in all its dimensions on the coronary heart of its initiatives and operations to contribute to the well-being of individuals.
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Cautionary Word
The phrases “TotalEnergies”, “TotalEnergies firm” or “Firm” on this doc are used to designate TotalEnergies SE and the consolidated entities which might be straight or not directly managed by TotalEnergies SE. Likewise, the phrases “we”, “us” and “our” might also be used to refer to those entities or to their staff. The entities by which TotalEnergies SE straight or not directly owns a shareholding are separate authorized entities. This doc could comprise forward-looking data and statements which might be primarily based on various financial knowledge and assumptions made in a given financial, aggressive and regulatory atmosphere. They might show to be inaccurate sooner or later and are topic to various danger components. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to replace publicly any forward-looking data or assertion, aims or tendencies contained on this doc whether or not on account of new data, future occasions or in any other case. Data regarding danger components, that will have an effect on TotalEnergies’ monetary outcomes or actions is offered in the latest Common Registration Doc, the French-language model of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and within the Type 20-F filed with the US Securities and Alternate Fee (SEC).
TotalEnergies Contacts
Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR
Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
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