Integrated Oil & Gas · Senior · Integrated · Balanced · Oil · Africa · Europe · USA
Last updated 21 June 2026
Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.
Portfolio Aggregate · 1 project
Portfolio mode — asset rows are for context only; tab totals use the company aggregation.
TotalEnergies — Exploration & Production
Portfolio
Project information
As at 31 December 2025
Description
As at 31 December 2025
TotalEnergies' consolidated upstream oil and gas business, one of the group's five operating segments, with producing assets and development projects across Africa, the Americas, the Middle East, Europe, and Asia-Pacific. The segment develops advantaged resources including deepwater, conventional, and onshore positions feeding the group's integrated value chain.
Portfolio Aggregate
Multiple effective dates · 1P
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Reserves & resources — detail
As at 31 December 2025
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Operating · 4 projects
Fenix
Asset
Project information
As at 31 December 2025
Description
As at 31 December 2025
TotalEnergies-operated offshore gas development off Tierra del Fuego, Argentina.
Oil & Gas metrics
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Mero
Asset · Operating
Project information
As at 31 December 2025
Description
As at 31 December 2025
Pre-salt deepwater oil development in the Santos Basin offshore Brazil, developed through a consortium with multiple FPSOs.
Oil & Gas metrics
As at 31 December 2025
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Ballymore
Asset · Ownership 40%
Project information
As at 31 December 2025
Description
As at 31 December 2025
Deepwater oil development in the US Gulf of Mexico in which TotalEnergies holds a non-operated interest.
Oil & Gas metrics
As at 31 December 2025
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Anchor
Asset · Ownership 37.14%
Project information
As at 31 December 2025
Description
As at 31 December 2025
Deepwater oil and gas development in the US Gulf of Mexico in which TotalEnergies holds an interest.
Oil & Gas metrics
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Construction · 1 project
Tilenga
Asset · Construction
Project information
As at 31 December 2025
Description
As at 31 December 2025
TotalEnergies-operated onshore oil development in the Lake Albert region of Uganda, connected to export infrastructure under development.
Oil & Gas metrics
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Development · 3 projects
Brulpadda / Luiperd (Block 11B/12B)
Asset · Feasibility
Project information
As at 31 December 2025
Description
As at 31 December 2025
TotalEnergies-operated offshore gas-condensate discoveries (Brulpadda and Luiperd) on Block 11B/12B in the Outeniqua Basin offshore South Africa.
Oil & Gas metrics
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Kaminho
Asset · Construction
Project information
As at 31 December 2025
Description
As at 31 December 2025
TotalEnergies-operated deepwater oil development in the Kwanza Basin offshore Angola, the first development in the block.
Oil & Gas metrics
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GranMorgu (Block 58)
Asset · Construction · Ownership 40%
Project information
As at 31 December 2025
Description
As at 31 December 2025
TotalEnergies-operated deepwater oil development (GranMorgu) on Block 58 (TotalEnergies 40%, operator), located ~150 km off the coast of Suriname, developing the Sapakara and Krabdagu discoveries via a floating production, storage and offloading vessel. Final investment decision was taken in October 2024 — the group's first major development in the country.
Oil & Gas metrics
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Exploration · 1 project
Venus
Asset · Pre-feasibility · Ownership 45.25%
Project information
As at 31 December 2025
Description
As at 31 December 2025
TotalEnergies-operated deepwater discovery on Block PEL56 (TotalEnergies 45.25%) in the Orange Basin offshore Namibia. The Venus-1X exploration well announced a significant discovery of light oil and associated gas in April 2022; appraisal (Venus-1A) and production tests followed, with development studies ongoing.
Oil & Gas metrics
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Processing facilities · 7 projects
TotalEnergies — Integrated Power
Segment · Power Renewables · Operating
Project information
As at 31 December 2025
Description
As at 31 December 2025
TotalEnergies' integrated electricity business spanning renewable generation and gas-fired flexible capacity, central to the group's multi-energy transition strategy. Platform growth has been supported by capacity from Clearway Energy Group in the United States and Casa dos Ventos in Brazil, with net power production sourced from renewables and from gas flexible capacities.
Processing facilities
Multiple effective dates
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TotalEnergies — Integrated LNG
Segment · Lng Export
Project information
As at 31 December 2025
Description
As at 31 December 2025
TotalEnergies' consolidated LNG business, one of the world's leading LNG portfolios, spanning liquefaction interests, an LNG trading and shipping fleet, and regasification access. The segment markets LNG from equity production and third-party supply across global gas markets.
Processing facilities
Multiple effective dates
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North Field Expansion
Asset · Lng Export · Construction
Project information
As at 31 December 2025
Description
As at 31 December 2025
TotalEnergies' interest in the North Field LNG expansion in Qatar, partnered with QatarEnergy. TotalEnergies acquired stakes in North Field East (NFE, 6.25%) and North Field South (NFS, 9.375%) in 2022. NFE includes four trains with a total planned capacity of 32 Mt/y (start-up scheduled 2026); NFS includes two trains with a total planned capacity of 16 Mt/y (start-up 2028). These interests are expected to add about 3.5 Mt/y of LNG production on a company-share basis.
Processing facilities
Multiple effective dates
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Cameron LNG
Asset · Lng Export · Operating · Ownership 16.6%
Project information
As at 31 December 2025
Description
As at 31 December 2025
LNG export facility in Louisiana, United States, in which TotalEnergies holds a 16.60% stake. The three phase-1 trains, each with a capacity of 4.5 Mt/y (13.5 Mt/y total), began production in 2019 (train 1) and 2020 (trains 2 and 3). A study to expand the plant beyond its initial 13.5 Mt/y capacity (Train 4) is ongoing, with an agreement signed with Sempra Infrastructure, Mitsui and Mitsubishi.
Processing facilities
As at 31 December 2025
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Mozambique LNG
Asset · Lng Export · Construction · Ownership 26.5%
Project information
As at 31 December 2025
Description
As at 31 December 2025
TotalEnergies-operated onshore LNG development in the Cabo Delgado province of northern Mozambique (Offshore Area 1), comprising two onshore trains with a total nominal capacity of 13.1 Mt/y, liquefying gas produced by the Golfinho and Atum fields. FID was taken in June 2019. Following the April 2021 force majeure due to the security situation at the Afungi site, the force majeure was lifted at end-2025, paving the way for the project to resume.
Processing facilities
As at 31 December 2025
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Papua LNG
Asset · Lng Export · Feasibility
Project information
As at 31 December 2025
Description
As at 31 December 2025
TotalEnergies-operated LNG development project in Papua New Guinea, part of the group's Integrated LNG growth pipeline.
Processing facilities
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Marsa LNG
Asset · Lng Export · Construction · Ownership 80%
Project information
As at 31 December 2025
Description
As at 31 December 2025
LNG project in Oman within the group's Integrated LNG segment, including associated low-carbon and LNG-bunkering ambitions.
Processing facilities
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Assumptions
- The projects listed here reflect the information captured in this workspace and are not necessarily a complete picture of the company's portfolio. For authoritative figures, refer to the company's official filings.
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How to read this tab
- The tables below list unit codes most often used in the Oil & Gas sector for this company. MetalPilot stores contained metal or product in the codes below; grade and tonnage use separate fields. In side-by-side comparison views (stock page Portfolio tab, watchlist By sector), heterogeneous source units are converted to each commodity's preferred display unit (for example Moz Au, kt Cu, MMbbl oil) before summing; the same canonical codes appear in project data.
What the Portfolio tab shows
- The Portfolio tab presents a project-level view of the company's reported assets, built from publicly disclosed information (technical reports, annual filings, MD&A, investor presentations, MRMR / R&R statements, NI 43-101 / NI 51-101 / SEC S-K 1300 / SEC S-K 1200 / JORC / SAMREC / PERC / PRMS / COGEH filings, and similar primary sources).
- Figures are grouped by project type (mining, oil & gas, royalty, stream, processing facility, development, portfolio aggregate) and are shown alongside the headline reserve base, headline production, headline grade / quality, cost benchmarks, estimated lifetime, commercial terms (for royalties / streams), operational capacity (for processing) and a single-figure rating where the underlying data supports one.
- Each data table on the Portfolio tab is followed by ONE Assumptions footnote describing the modelling choices for that table; KPI stat-card assumptions appear in the bottom block instead. All legal and section disclaimers are merged into a single disclaimer list at the bottom of the Portfolio tab.
Concepts in your sector — Oil & gas
- 1P/2P/3P — cumulative uncertainty. 1P = Proved (≥90%); 2P = Proved+Probable (≥50%, primary non-SEC metric); 3P adds Possible (≥10%). SEC filers often publish 1P only.
- Contingent (1C/2C/3C) = discovered, sub-commercial. Prospective (1U/2U/3U) = undiscovered. Neither feeds economic models without further work.
- Developed vs Undeveloped: PDP (producing), PDNP (developed non-producing), PUD (undeveloped). Reserves walk PUD→PDP is reclassification, not new discovery.
- BOE uses 6 Mcf gas : 1 bbl oil (thermal, not economic). Some issuers use 5.8:1 — read footnotes.
- Pricing case: Forecast vs Constant (NI 51-101/PRMS) or SEC 12-month average. Do not add cases together.
Portfolio tab — table guide
- Portfolio KPIs — company-level headline numbers aggregated from the featured projects (project counts, attributable annual production by commodity, attributable resource base by commodity, last filing date, operator share). USD value lines multiply attributable volumes by the resolved snapshot price.
- Portfolio snapshot — one-screen summary of the portfolio: counts by type and status, country mix, reporting standards used, operator share, primary commodity, attributable annual production summary and attributable resource base summary.
- Oil & Gas — one row per O&G project (typically a field, licence, play or basin asset), with columns for location, status, primary hydrocarbons, production (with rating), reserves & resources (with rating), costs and estimated lifetime.
- Royalty — one row per royalty interest held by the company. Columns cover the underlying project, operator, commodity, commercial terms (rate, type, cap, area-of-interest), attributable production, attributable reserves and estimated lifetime.
- Stream — one row per metal stream held by the company. Each row shows the underlying project, the streamed commodity, the headline stream percentage, the ongoing per-ounce / per-tonne payment, and attributable production / reserves.
- Processing facilities — one row per midstream / processing facility (pipeline, fractionator, LNG train, storage cavern, refinery, smelter, mill, heap-leach pad, CPP, etc.). Columns include nameplate capacity, contracted capacity, feedstock commodities and operational footprint.
- Development — projects in development status or in a pre-production lifecycle phase. The production column is re-labelled 'Targeted production (rating)' to highlight that the figures are plans, not actuals.
- Portfolio Aggregate — a single company-level row used when the company itself publishes a portfolio rollup (e.g. company-wide 2P barrels across all properties).
- Reserves & resources — detail — a leaf-category pivot showing every reserve and resource category disclosed across the projects.
- Reserves walk — gross (disclosed) — year-by-year reconciliation of the opening balance to the closing balance, broken into Extensions & discoveries, Revisions, Improved recovery, Purchases, Divestitures, Production and Conversion to developed.
- Reserves walk — net change by year — per-year summary of net additions and net deductions across the portfolio.
- NPV (grouped) — all NPV rows captured from the filings, grouped by commodity, resource category, development status and pricing case. Each NPV figure is shown with its discount rate, basis (before-tax / after-tax), currency and value scale.
Ownership / Working interest
- Ownership percentage means the company's working-interest share of the asset: its slice of the project before royalties and before government take. It is shown on a 0–100 scale.
- Mines, oil and gas fields, and processing facilities — this is how much of the asset belongs to the company under that working-interest idea. One hundred percent is fully owned; a lower number usually means partners share the rest.
- Royalties and streaming agreements — the percentage is often not the story; what matters economically is usually the royalty or stream rate, shown elsewhere alongside these figures.
- Oil and gas — read this as gross working interest only. Do not treat it as net production or net wells after royalties; when filings distinguish gross from net, that shows up in how the resource numbers themselves are labelled.
- Below 100% — the short summary for each project names other owners and their stakes when the source says who they are.
- NRI vs WI (O&G). Working interest (WI) is the obligation to pay a share of costs; net revenue interest (NRI) is the share of revenue after royalties and overriding-royalty interests. A 100% WI well rarely produces 100% NRI; typical onshore U.S. NRI is 75–87.5% of WI depending on the lease royalty.
- Operator vs non-operator. The operator runs day-to-day operations; non-operating partners pay their WI share of costs but do not run the asset. Some Portfolio rows show operator share where disclosed.
Hydrocarbon commodity — notes
- The Commodity column shows normalized labels; values are stored as snake_case CommodityCode strings in pkg/domain and project resource rows (for example shale_gas, oil_equivalent).
- Benchmarks and typical relationship cells are informal market context for reading disclosures — they are not MetalPilot price inputs.
Crude grade primer
- API gravity — lower = heavier. Light crude is ≥ 31.1° API (≤ 870 kg/m³); heavy is 22.3–31.1° API; extra-heavy is < 22.3°. Bitumen is ≤ 10° API.
- Sulphur — sweet vs sour. Sweet crude has ≤ 0.5% sulphur; sour > 0.5%. Refineries price the discount on sour crude into the differential.
- WTI vs Brent vs WCS. WTI (West Texas Intermediate, Cushing OK) is the U.S. light-sweet benchmark; Brent (North Sea) is the global light-sweet benchmark; WCS (Western Canadian Select) is the heavy/sour benchmark for Canadian production.
Unit codes, conversion cheat sheets, cost benchmarks (AISC, C1–C3), reporting standards (NI 43-101, JORC, SEC S-K 1300) and resource/reserve category definitions live in the full terminology & units reference.
Each table lists the numeric band for scores 1–5 (production and resource base; grade where applicable for mining commodities) using the same thresholds as project rating stat cards. Only commodities that appear on featured projects for this document are listed.
Oil equivalent (BOE)
Oil
Natural gas
Copper uses kt Cu bands (Mlb Cu when lb-scale copper resources appear on featured projects). Lithium grade uses hard-rock % Li₂O bands unless brine-style extraction or brine units appear on featured projects.
Assumptions
- Presented values are denominated in currency of the country where the company is headquartered. Values like market capitalization might differ from the values visible in other parts of the page, where the currency is always USD.
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