TotalEnergies Announces Production Start at Fenix Offshore Gas Field in Argentina

TotalEnergies Announces Production Start at Fenix Offshore Gas Field in Argentina

(IN BRIEF) TotalEnergies has commenced production at the Fenix gas field, located off the coast of Tierra del Fuego in Southern Argentina. Part of the Cuenca Marina Austral 1 concession, the field has a production capacity of 10 million cubic meters of gas per day. The project uses a new unmanned platform connected to existing infrastructure, ensuring low costs and low emissions. The Fenix development strengthens TotalEnergies’ gas production in the region and aligns with its strategy for low-cost, low-emission energy.

(PRESS RELEASE) PARIS, 21-Sep-2024 — /EuropaWire/ — TotalEnergies has officially commenced production at the Fenix gas field, situated 60 km off the coast of Tierra del Fuego, in Southern Argentina. The Fenix field is part of the Cuenca Marina Austral 1 (CMA-1) concession, where TotalEnergies holds a 37.5% operated interest, alongside partners Harbour Energy (37.5%) and Pan American Energy (25%).

The Fenix development, with a daily production capacity of 10 million cubic meters of gas (equivalent to 70,000 barrels of oil per day), features a new unmanned platform installed in 70 meters of water depth. The gas is transported via a 35-kilometer subsea pipeline to the TotalEnergies-operated Véga Pléyade platform and is then processed at onshore facilities in Río Cullen and Cañadon Alfa. The project benefits from existing infrastructure and is considered a low-cost, low-emissions operation, with a carbon intensity of only 9 kg CO2e per barrel of oil equivalent.

Javier Rielo, Senior Vice President Americas, Exploration & Production at TotalEnergies, commented: “The safe and early start-up of Fenix, just two years after reaching the final investment decision (FID), showcases our ability to execute projects efficiently. Fenix will support our gas production plateau in Tierra del Fuego and guarantee a stable gas supply for Argentina. With its low costs and reduced carbon footprint, Fenix aligns perfectly with our company’s strategy for low-cost, low-emissions energy production.”

About TotalEnergies

TotalEnergies is a global integrated 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 provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.

TotalEnergies on social media

• X: @TotalEnergies
• LinkedIn: TotalEnergies
• Facebook: TotalEnergies
• Instagram: TotalEnergies

Cautionary Note
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. TotalEnergies SE has no liability for the acts or omissions of these 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 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).

Media Contact:

Media Relations:
+33 (0)1 47 44 46 99
presse@totalenergies.com
@TotalEnergiesPR

Investor Relations:
+33 (0)1 47 44 46 46
ir@totalenergies.com

SOURCE: TotalEnergies