Agreement on Maritime Border Line between Israel and Lebanon: TotalEnergies Will Launch Exploration Activities on Block 9
15 Novembro 2022 - 4:33AM
Business Wire
Regulatory News:
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and its partner
ENI have signed, with the State of Israel, a Framework Agreement to
implement the agreement on maritime boundary which has been reached
between Israel and Lebanon on October 27, 2022.
In Lebanon, TotalEnergies is the operator of the exploration
Block 9, and holds a 60% interest, alongside its partner ENI
(40%).
Following the signature of this Framework Agreement, the Block 9
partners will initiate the exploration of an already identified
prospect which might extend both in Block 9 and into Israel waters
South of the recently established Maritime Border Line.
Preparation of exploration activities starts now with the
mobilization of the teams, the purchase of required equipment and
the procurement of a drilling rig.
“TotalEnergies, as the operator of block 9, is proud to be
associated with the peaceful definition of a maritime border
between Israel and Lebanon. By bringing our expertise in offshore
exploration, we will respond to the request of both countries to
assess the materiality of hydrocarbon resources and production
potential in this area”, said Patrick Pouyanné, Chairman and
Chief Executive Officer of TotalEnergies.
***
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.
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