PARIS, FRANCE: TotalEnergies implements its energy transition technique in Kazakhstan with, on the one hand, the sale of its affiliate Total E&P Dunga GmbH and, on the opposite the giant Mirny wind farm project that received the support of the French and Kazakh authorities on the event of the go to in France of the President of Kazakhstan, Kassym Jomart Tokayev.
On November 28, 2022, TotalEnergies signed an settlement for the sale of its affiliate Total E&P Dunga GmbH to the Kazakh company, Oriental Sunrise Corp Ltd, for an quantity of $330 million. Total E&P Dunga GmbH holds a 60% working curiosity within the onshore Dunga oil field in Kazakhstan, representing a net manufacturing of roughly 7,400 barrels of oil equal per day in 2022. The transaction is topic to the approval of the authorities of Kazakhstan and the waiver of the partners’ preemption rights.
TotalEnergies additionally strengthens its presence in renewable energy within the country. In addition to its two photo voltaic energy plants in operation (with a capability of 128 MW), Total Eren has signed an settlement with its companions Samruk-Kazyna and KazMunayGas to develop the Mirny project, the largest wind energy project ever initiated in Kazakhstan. This project is a half of the intergovernmental settlement on the implementation of cooperation within the field of combating global warming, signed yesterday by France and Kazakhstan. The 200 wind turbines, totaling 1GW of put in capacity, will be mixed with a 600 MWh battery storage system. The project will provide greater than 1 million people in Kazakhstan with low-carbon electricity.
“TotalEnergies is fully dedicated to offering its experience and know-how to develop Kazakhstan’s pure resources, as we’re doing as partner of the giant Kashagan field. These agreements demonstrate TotalEnergies’ energy transition strategy. On the one hand, we dynamically handle our portfolio by disposing of mature, non-core assets such because the Dunga field. On the other, we’re very proud to support the country’s low carbon development ambition through the main Mirny wind project “, said Patrick Pouyanné, Chairman and CEO of TotalEnergies.