TotalEnergies SE stated Wednesday it had signed a memorandum of understanding (MoU) with state-owned Egyptian Pure Fuel Holding Co for hydrocarbon exploration within the Mediterranean Sea.
A day earlier the French power big introduced it’s resuming actions in Syria with the execution of an MoU with ConocoPhillips, QatarEnergy and the state-owned Syrian Petroleum Co (SPC) for exploration off Syria’s Mediterranean coast.
TotalEnergies stated in a web based assertion Wednesday, “The MoU covers a big space situated within the north-western offshore of Egypt”.
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“The MoU establishes a framework for technical cooperation together with preliminary exploration and subsurface analysis actions”, the corporate added.
Nicola Mavilla, TotalEnergies senior vice chairman for exploration, stated, “This settlement will help the evaluation of Egypt’s deep offshore exploration potential”.
Egypt contributed 2 million barrels of oil equal (6,000 boe per day), consisting of 11 billion cubic toes (30 MMcfpd) and fewer than 1 million barrels of liquids (<1,000 bpd), to TotalEnergies’ manufacturing final yr, in line with the corporate’s annual report.
As of final yr TotalEnergies’ hydrocarbon footprint within the North African nation consisted of a 25 p.c stake within the North El-Hammad offshore block and a 5 p.c curiosity within the first practice of the Idku fuel liquefaction plant, in line with the report.
In 2025 TotalEnergies and Italy’s state-backed Eni SpA signed a “host authorities settlement” with Egypt and Cyprus to allow the export of fuel from the Cronos subject within the Cypriot Mediterranean to Europe through Egyptian infrastructure.
“The settlement gives a framework permitting the Cronos fuel to be processed within the present Zohr services offshore Egypt after which liquefied within the Damietta LNG plant in Egypt, for export to European markets”, TotalEnergies stated in a press launch February 17, 2025.
TotalEnergies and operator Eni, which every personal 50 p.c in Cronos, efficiently appraised the sphere 2024.
Elsewhere in Mediterranean waters, TotalEnergies’ exploration presence additionally consists of Lebanon, Libya and now Syria.
It had been producing in Syria till 2011, when it idled the Deir ez-Zor license and the Tabiyeh Fuel Service Contract amid worldwide sanctions towards the Assad regime, in line with the corporate.
On Tuesday TotalEnergies stated it had signed an MoU with SPC for exploration in Block 3 off Syria’s Mediterranean shore, following the European Union and the USA’ leisure of sanctions in 2025 after the autumn of the Assad dynasty late 2024.
“The MoU covers a technical evaluation by the companions of the offshore Block 3 space and establishes a framework for technical and business discussions associated to exploration actions on this block”, TotalEnergies stated.
Julien Pouget, TotalEnergies senior vice chairman for exploration and manufacturing within the Center East and North Africa, stated, “We’re happy to enter into this new partnership with the Syrian Petroleum Firm with which we had an extended and fruitful relationship from 1988 to 2011, and we look ahead to cooperating with QatarEnergy and ConocoPhillips to evaluate Syrian offshore exploration alternatives within the Mediterranean Sea”.
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