In E&P, our operations in Brazil are an example of the strategic focus on more energy and less emissions. Our portfolio includes 11 licenses, of which 4 are operated. The assets are mainly in ultra-deep areas and in the Campos and Santos Basins' pre-salt. In 2023, the Company's average production in the country reached approximately 135,500 barrels of oil equivalent per day.

We have been active in renewables in Brazil since 2013. In October 2022, we entered into a partnership with Casa dos Ventos, Brazil leading renewable energy player, to jointly develop a renewable portfolio with a cumulative capacity of 12 GW by 2030.

In 2021, we signed an agreement with Compass, one of the main players in the gas distribution business in Brazil, to supply up to 3Mt/year of LNG to the regasification terminal at the Port of Santos. In line with TotalEnergies' ambition to cement its position as the world's third largest LNG producer, we continue to look for opportunities in this segment in the country.

In Brazil, we operate several storage facilities for oil and ethanol products. We also operate a modern lubricants plant in São Paulo state, with capacity to produce 50 thousand tons per year for the automotive, industrial, agricultural and maritime sectors.

Website (in Portuguese only):
https://totalenergies.com.br/

In Brazil, our affiliate Hutchinson – a global leader in vibration control, fluid management, and sealing technologies – has 5 operations units and offers solutions for the automotive industry, including rubber and plastic hoses.

As for energy storage, our affiliate Saft is present in Brazil since 2010 and operates throughout the national market, designing and manufacturing battery systems to bring energy where customers need it. It is the main supplier of alkaline batteries for O&G in Brazil, used in refineries and platforms.