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Lebanon: TotalEnergies Mobilizes to Explore Block 9 in 2023
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Rhea-AI Summary
TotalEnergies CEO Patrick Pouyanné met with Lebanon's Minister of Energy, Walid Fayad, to discuss ongoing activities in Lebanon, specifically drilling operations on Block 9. The operational team in Beirut is set to exceed 20 personnel by the end of March, with a tender for a drilling rig underway. Equipment pre-orders are also confirmed. The collaboration aims for a timely completion of drilling in 2023, alongside environmental studies scheduled for completion by June 2023.
Positive
Mobilization of drilling operations team exceeding 20 employees by March 2023.
Tender launched for drilling rig selection expected in Q1 2023.
Pre-orders for necessary equipment already placed.
Negative
None.
PARIS--(BUSINESS WIRE)--
Regulatory News:
Patrick Pouyanné, Chairman and CEO of TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), received His Excellency Walid Fayad, Minister of Energy and Water of Lebanon, at the Company's headquarters.
During the meeting, Patrick Pouyanné and Walid Fayad discussed the development of TotalEnergies' activities in Lebanon, and Patrick Pouyanné confirmed that the teams in charge of drilling operations on Block 9 were now mobilized.
To date, in addition to the Operations Manager, more than 10 people are involved in the preparation of the well. By the end of March, the team mobilized in Beirut will reach more than 20 employees. The call for tenders to secure the drilling rig has been launched and should lead to a selection of the rig in the first quarter of 2023. Pre-orders have also been placed with suppliers for equipment required for the well. In parallel, offshore resources are being mobilized to contribute to the environmental studies which will be finalized by the end of June 2023.
All those TotalEnergies teams are working in collaboration with LPA to prepare the well in order to achieve the objective of TotalEnergies and its partner ENI to complete the drilling as soon as possible in 2023.
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About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
What is the status of drilling operations on Block 9 for TotalEnergies (TTE)?
TotalEnergies' teams are mobilized for drilling operations on Block 9, with over 20 personnel expected in Beirut by the end of March 2023.
When is TotalEnergies planning to complete the drilling in Lebanon?
TotalEnergies aims to complete drilling operations in Lebanon as soon as possible in 2023.
What preparations are underway for drilling operations by TotalEnergies (TTE)?
Preparations include securing a drilling rig through a tender, placing pre-orders for equipment, and mobilizing offshore resources for environmental studies.
