TotalEnergies pursues Mediterranean opportunities

In a comprehensive strategic move, TotalEnergies is expanding its offshore exploration activities in the Mediterranean region with the siging of exploration agreements with Syria and Egypt

Together with its partners QatarEnergy and ConocoPhillips, TotalEnergies has signed a Memorandum of Understanding (MoU) with the Syrian Petroleum Company (SPC) relating to the exploration of Block 3 offshore Syria in the Mediterranean Sea. Block 3 is situated in the Levantine Basin offshore the Syrian city of Latakia, with water depths ranging between 100m and 1,700m.

The agreement revives a prior partnership with Syria dating back to 1988–2011. In 2011, TotalEnergies was producing 53,000 bopd before the company had to withdraw in order to comply with the EU sanctions. The renewed MoU covers a technical review by the partners of the offshore Block 3 area and establishes a framework for technical and commercial discussions related to exploration activities on this block.

“We are pleased to enter into this new partnership with the Syrian Petroleum Company with which we had a long and fruitful relationship from 1988 to 2011, and we look forward to cooperating with QatarEnergy and ConocoPhillips to assess Syrian offshore exploration opportunities in the Mediterranean Sea,” stated Julien Pouget, senior vice president of Middle East and North Africa exploration & production at TotalEnergies.

This collaboration sets a framework for technical and commercial discussions on future exploration activities, potentially expanding TotalEnergies’ upstream footprint in the Eastern Mediterranean and signalling renewed international interest in Syria’s offshore energy resources.

Egypt agreement

TotalEnergies is collaborating with the Egyptian Natural Gas Holding Company (EGAS) with the signing of an MoU on exploration activities. The MoU covers a large area located in the north-western offshore of Egypt. This MoU establishes a framework for technical cooperation including preliminary exploration and subsurface evaluation activities.

“We are pleased to launch this cooperation with EGAS, which reflects our shared ambition to further strengthen our partnership with the Arab Republic of Egypt. This agreement will support the assessment of Egypt’s deep offshore exploration potential,” said Nicola Mavilla, senior vice president of exploration at TotalEnergies. This partnership marks another step in Egypt’s ongoing efforts to attract international upstream investment and expand offshore exploration activity in the Mediterranean region.