TotalEnergies (TTE) Secures New Exploration Permit off Congo Coast

Group 1 - TotalEnergies SE has received the Nzombo exploration permit in the Republic of the Congo, enhancing its exploration portfolio [1][3] - The Nzombo permit covers an area of 1,000 km², with TotalEnergies operating 50% of it, while QatarEnergy and SNPC hold 35% and 15%, respectively [2] - Drilling for one exploration well is scheduled to commence before the end of 2025, indicating a strategic timeline for the project [2] Group 2 - The award of the Nzombo permit aligns with TotalEnergies' strategy to grow its exploration portfolio by leveraging existing facilities [3] - TotalEnergies continues its long-term collaboration with the Republic of the Congo, where it operates existing production facilities [3] - TotalEnergies is a global energy company involved in the production and sale of various energy sources, including oil, biofuels, natural gas, and renewable energy [4]