{"id":27180,"date":"2023-04-05T17:28:10","date_gmt":"2023-04-05T17:28:10","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/totalenergies-africa-production-stalls-while-asia-pacific-on-the-rise"},"modified":"2023-04-05T18:35:25","modified_gmt":"2023-04-05T18:35:25","slug":"totalenergies-africa-production-stalls-while-asia-pacific-on-the-rise","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/totalenergies-africa-production-stalls-while-asia-pacific-on-the-rise","title":{"rendered":"TotalEnergies\u2019 Africa production stalls while Asia-Pacific on the rise"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span><\/a>Between the decline of oil fields and security instability, the French group’s overall production is falling on the continent, while in Asia-Pacific it is rising steadily.<\/p>\n

Are TotalEnergies\u2019 extraction activities in sub-Saharan Africa continuing to dwindle, little by little? In any case, the deposits exploited by the French corporation have been heading towards this direction for the past three years, whether it is due to \u201cthe decline of the resource\u201d at certain deposits, because of security incidents \u2013 in Nigeria and Gabon in particular \u2013 or because \u201cmajor\u201d projects are still on hold, the group told us.<\/p>\n

For the third consecutive year, the French oil company\u2019s rate of production and marketing of hydrocarbons has declined on the continent, with 474,000 barrels of oil equivalent (BOE) per day in 2022 \u2013 according to figures communicated by TotalEnergies \u2013 a decrease of 11% compared to 2021 (to 532,000 BOE\/d) and 24% compared to 2020 (to 629,000 BOE\/d).<\/p>\n

While, according to TotalEnergies, nearly 20% of the company\u2019s production comes from Africa, the group intends to quickly regain its cruising speed on the continent, without specifying the current share in global liquids production (gas and oil).<\/p>\n

\u201cIn the coming years, the start-up of our projects in Uganda, Mozambique and Nigeria should bring Africa back to a level of contribution to the company\u2019s total production equivalent to that of 2020,\u201d TotalEnergies told us.<\/p>\n

As a reminder, in 2020, the energy giant produced nearly 22% of the world\u2019s global production of 2.8m barrels, in Africa. Since 2020, TotalEnergies\u2019 overall annual production by geographic region has been on a rollercoaster ride in the Middle East, Europe and the Americas.<\/p>\n

A slight upward trend can be seen in Asia-Pacific, where production has risen from 293,000 BOE\/d in 2019 to 302,000 BOE\/d in 2020 and 307,000 BOE\/d in 2021, according to the group\u2019s latest business report.<\/p>\n

Although 2022 figures have not yet been released, the company has recently increased its presence in the region, including liquefied natural gas (LNG) projects in Papua New Guinea.<\/p>\n

\u201cThe Papua LNG project is well positioned to contribute to the growth of the global LNG market,\u201d said Julien Pouget, TotalEnergies\u2019 Asia Pacific President of Exploration-Production and Renewables, in July.<\/p>\n

For More News And Analysis About Lesotho<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. Between the decline of oil fields and security instability, the French group’s overall production is falling on the continent, while in Asia-Pacific it is rising steadily. Are TotalEnergies\u2019 extraction activities in sub-Saharan Africa continuing to dwindle, little by little? In any case, the deposits exploited by the French corporation have been heading […]<\/p>\n","protected":false},"author":84,"featured_media":27179,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6],"tags":[242,233,246,245],"class_list":["post-27180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","tag-africa","tag-africa-press","tag-africa-press-lesotho","tag-lesotho"],"yoast_head":"\nTotalEnergies\u2019 Africa production stalls while Asia-Pacific on the rise - Lesotho<\/title>\n<meta name=\"description\" content=\"Between the decline of oil fields and security instability, the French group's overall produ ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/totalenergies-africa-production-stalls-while-asia-pacific-on-the-rise\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TotalEnergies\u2019 Africa production stalls while Asia-Pacific on the rise\" \/>\n<meta property=\"og:description\" content=\"Between the decline of oil fields and security instability, the French group's overall produ ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/totalenergies-africa-production-stalls-while-asia-pacific-on-the-rise\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-05T17:28:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-05T18:35:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2023\/04\/postQueueImg_1680699664.78.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"587\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/totalenergies-africa-production-stalls-while-asia-pacific-on-the-rise#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/totalenergies-africa-production-stalls-while-asia-pacific-on-the-rise\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"TotalEnergies\u2019 Africa production stalls while Asia-Pacific on the rise\",\"datePublished\":\"2023-04-05T17:28:10+00:00\",\"dateModified\":\"2023-04-05T18:35:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/totalenergies-africa-production-stalls-while-asia-pacific-on-the-rise\"},\"wordCount\":373,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/totalenergies-africa-production-stalls-while-asia-pacific-on-the-rise#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2023\/04\/postQueueImg_1680699664.78.jpg\",\"keywords\":[\"Africa\",\"Africa Press\",\"Africa Press-Lesotho\",\"Lesotho\"],\"articleSection\":[\"all news\",\"files\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/totalenergies-africa-production-stalls-while-asia-pacific-on-the-rise#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/totalenergies-africa-production-stalls-while-asia-pacific-on-the-rise\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/totalenergies-africa-production-stalls-while-asia-pacific-on-the-rise\",\"name\":\"TotalEnergies\u2019 Africa production stalls while Asia-Pacific on the rise - 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