Libya Totalenergies Increases Tender

TotalEnergies has completed the joint acquisition with ConocoPhillips of the 8.16 interest held by Hess in the Waha concessions in Libya. As a result of this transaction TotalEnergies interest in these concessions is increased from 16.33 to 20.41.This acquisition reflects TotalEnergies commitment to support Libyas National Oil Corporation NOC in its efforts to restore and increase the countrys oil production together with reducing gas flaring to increase supply to power plants for additional electricity supply. TotalEnergies and the NOC are also studying the development of dedicated solar projects to supply electricity to Waha production sites.In parallel and in order to increase the countrys renewable electricity supply TotalEnergies has finalized with its partner Gecol the location and commercial terms to launch a 500 MWp solar plant project South of Misrata.With nearly 70 years of presence in the country TotalEnergies is firmly committed to working alongside Libyas National Oil Corporation to develop the Waha fields provide its expertise in reducing gas flaring and support the country in its energy transition with the development of solar energy projects said Patrick Pouyann Chairman and Chief Executive Officer of TotalEnergies.