TotalEnergies EP Gabon

Quarterly financial information - Seite 2

25

-40%

64

27

x2.4

Net Income

M$

18

17

+6%

57

41

+39%

(1)	The crude price calculation excludes profit oil reverting to the Gabonese Republic as per production sharing contracts, these barrels being handed over in kind to the host state.
(2)	kb/d: Thousand barrels per day (excluding gas production)
(3)	Sales volume excludes profit oil reverting to the Gabonese Republic as per production sharing contracts, these barrels being handed over in kind to the host state.
(4)	Mb: Million of barrels.
(5)	Revenue from hydrocarbon sales including profit oil reverting to the Gabonese Republic as per production sharing contracts.
(6)	Funds generated from operations are comprised of the operating cash flow, the gains or losses on disposals of assets and the working capital changes.

Third quarter and first nine months 2023 statements

Selling price

The selling price of the crude oil grade marketed by TotalEnergies EP Gabon averaged $81.1/b in the third quarter 2023, up 7% compared to second quarter 2023 in relation with average Brent price increase (11%) and despite market conditions less favourable for Mandji quality crude with sea freight tariffs up.

In the first nine months of 2023, the average selling price of the crude oil grade marketed by TotalEnergies EP Gabon amounted to $77. 2/b, down 20% year-on-year ($96.7/b), in line with Brent price evolution over the period.

Production

TotalEnergies EP Gabon crude oil production in third quarter 2023 amounted 14.4 kb/d, down 8% compared to the second quarter 2023 (15.7 kb/j). It is mainly impacted by the lower availability of gas-lift compressors on Anguille, Torpille and Île Mandji fields and fields natural decline, partially offset by the first positive results of workover campaign.