LATEST NEWS
Angola
Partnership
© Gonzalez Thierry - Total
Total, operator on Block 17, and its partners, have signed an agreement with the state-owned company Sonangol and the Angolan authorities, to extend their consortium’s production licenses to 2045. Located 150 kilometers off the Angolan coast,
Block 17 has been a true success story, with almost 3 billion barrels of oil produced since 2001, by four floating production, storage and offloading (FPSO) units. The potential of this prolific block is still high, with more than 1 billion
barrels yet to be produced. Sonangol will obtain a 5% working interest in the block on the date of effect of the agreement and a further 5% in 2036. Moreover, the consortium will pay production bonuses to the Angolan State for the duration
of the licenses and will finance social programs to the equivalent of 20 million dollars.
Netherlands
Low-carbon electricity
© Cecconi Michel - Total
Total will install and operate up to 20,000 new public charging points for electrical vehicles (EV) in the Netherlands, in the three provinces of North-Holland, Flevoland and Utrecht. It is the largest public concession contract for charging electrical
vehicles in Europe, awarded to Total in January 2019. This EV charging network covers a population of 3.2 million inhabitants and around 15% of the current Netherlands EV charging demand.
Spain, India and Qatar
Solar power
© Xavier Ansart - Total
Three new large-scale projects are set to contribute to the Group’s objective of deploying 25 GW of renewable energies by 2025. The Group establishes its presence on the Spanish solar market, through its wholly owned affiliate Total Solar International,
through two agreements with Powertis and Solarbay Renewable Energy, with a view to developing nearly 2 gigawatts (GW) of solar projects. In India, Total has expanded its partnership with Adani to renewables with the acquisition of 50% of a
2 GW solar portfolio. In Qatar, the project for the construction of the large-scale solar plant of 800 MWp, Al Kharsaah, was awarded to the consortium of Total (49%) and Marubeni (51%).
Brazil
Oil
© Abit Sébastien - Total
In November 2019, Total announced first oil from Iara, located in the deepwater Santos Basin pre-salt. This marks the start-up of the FPSO P-68, the first of the two floating production, storage and offloading units (FPSO) already launched to
be installed on the license. The second, P-70, is expected to come on stream in 2020. Each unit has a processing capacity of 150,000 barrels of oil per day.
Europe
Batteries for electric vehicles
Total, through its affiliate Saft, and PSA with Opel, announced in January 2020 their plan to develop EV battery manufacturing activity in Europe. To that end, the partners intend to establish a joint venture
named Automotive Cell Company (ACC). The aim is to produce, by 2023, EV batteries using technology that offers the highest level of energy performance, both in terms of range and charging time, and a lower carbon footprint than competitors.
The first phase of the project focuses on R&D, including building a pilot plant on the land of Saft’s Nersac facility, and start-up is scheduled for mid-2021.
