TIDMTTE

Patrick Pouyanné, Chairman and CEO of TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), has entrusted Lionel Zinsou, a recognized expert in African economic development, with a mission to assess the land acquisition program carried out in Uganda and Tanzania as part of the Tilenga and EACOP (East African Crude Oil Pipeline) projects, and the socio-economic development initiatives accompanying this program.

As the land acquisition process draws to a close, this mission will evaluate the land acquisition procedures implemented, the conditions for consultation, compensation and relocation of the populations concerned, and the grievance handling mechanism. It will also assess the actions taken by TotalEnergies EP Uganda and EACOP to contribute to the improvement of the living conditions for the people affected by these land acquisitions and suggest additional measures to be implemented if needed.

The mission will submit its report by April 2024, and its conclusions will be shared with the Tilenga and EACOP project partners.

The Tilenga and EACOP projects include a land acquisition program covering some 6,400 hectares, carried out on behalf of the Ugandan and Tanzanian governments. This program concerns 19,140 households and communities owning or using plots of land and includes the relocation of 775 primary residences. To date, 98% of the households concerned have signed compensation agreements, 97% have received their compensation, and 98% of households to be relocated have taken possession of their new homes.

The Tilenga upstream development project in Uganda is carried out by TotalEnergies (56.67%, operator), CNOOC (28.33%) and UNOC (15%). Production from the oil fields in Uganda will be transported to the port of Tanga in Tanzania through the cross-border pipeline developed by the EACOP Company, whose shareholders are TotalEnergies (62%), UNOC (15%), TPDC (15%) and CNOOC (8%).

About Lionel Zinsou

Former student of the Ecole Normale Supérieure (ENS) and the London School of Economics, Lionel Zinsou taught at the University of Paris XIII, at the ENS and at the ENSAE. Prime Minister of the Republic of Benin in 2015-2016, he is recognized for his expertise and commitment to Africa's economic development. Lionel Zinsou is founder and Managing Partner of SouthBridge, a consulting Company dedicated to the African continent with which TotalEnergies has already collaborated in the past on economic development issues.

***

About TotalEnergies

TotalEnergies is a global multi-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 energy that is ever more affordable, more sustainable, more reliable and accessible to as many people as possible. Active in nearly 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.

@TotalEnergies l TotalEnergies l TotalEnergies l 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. 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 Universal 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).

TotalEnergies Contacts

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

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20240103014451/en/

 
    CONTACT:

TotalEnergies

 
    SOURCE: TotalEnergies SE 
Copyright Business Wire 2024

(END) Dow Jones Newswires

January 04, 2024 02:27 ET (07:27 GMT)

Totalenergies (LSE:0A30)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Totalenergies Charts.
Totalenergies (LSE:0A30)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Totalenergies Charts.