The Shareholders' Newsletter #78 Fall 2025

Africa / France

© SORDOILLET Patrick - CAPA Pictures - TotalEnergies

AFRICA

Exploration & Production: TotalEnergies strengthens its positions in West Africa

The Company is awarded exploration permits in Nigeria, Republic of the Congo, and Liberia.

These promising block captures are fully aligned with our strategy to diversify the exploration portfolio into high-potential oil basins. These areas offer considerable prospects for large-scale discoveries with the potential for low-cost and low-emission developments by drawing on the Company’s recognized expertise in deep-water operations.

At the same time, TotalEnergies has announced the start of production from the BEGONIA and CLOV Phase 3 projects in Angola. As a result, 60,000 barrels per day have been added to the production operated by TotalEnergies in the country, which already accounts for over 45% of Angolan oil production.

© BUCHANAN Andy - AFP - TotalEnergies

FRANCE

TotalEnergies wins the country’s largest offshore wind farm project

TotalEnergies has been awarded the tender, as an operator, for the “Centre Manche 2” offshore wind project, located over 40 km from the coast of Normandy.

The 1.5 GW wind farm will produce 6 TWh per year, the equivalent of the consumption of one million households. The investment, estimated at €4.5 billion, is the largest made by TotalEnergies in France for three decades, confirming the Company’s determination to roll out its transition strategy in France. Electricity production is expected to begin in 2033. The project is accompanied by strong commitments in terms of acceptability and the use of the local industrial network, and also in terms of training and the protection of biodiversity.