TotalEnergies Discovers New Hydrocarbon Resources in Congo
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 13 2026
0mins
Should l Buy TTE?
Source: Newsfilter
- New Hydrocarbon Discovery: TotalEnergies EP Congo announces a significant hydrocarbon discovery on the Moho license, with the MHNM-6 NFW exploration well encountering approximately 160 meters of high-quality Albian reservoirs, indicating substantial potential with recoverable resources estimated at nearly 100 million barrels.
- Development Plans: This discovery will be developed as a tie-back to existing Moho facilities, leveraging the proximity to current production infrastructure to reduce costs and shorten development cycles, thereby enhancing operational efficiency.
- Production Capacity: The existing Floating Production Units, Alima and Likouf, currently output around 90 kboe/d, and the integration of new resources is expected to further boost TotalEnergies' overall production capacity and market competitiveness.
- Strategic Implications: By leveraging technical expertise and existing infrastructure, TotalEnergies is creating conditions for future value-accretive production, thereby reinforcing its position in the global energy market.
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Analyst Views on TTE
Wall Street analysts forecast TTE stock price to fall
16 Analyst Rating
8 Buy
8 Hold
0 Sell
Moderate Buy
Current: 87.070
Low
60.04
Averages
71.67
High
90.93
Current: 87.070
Low
60.04
Averages
71.67
High
90.93
About TTE
TotalEnergies SE is a France-based company. The Company is predominantly engaged in the business as a worldwide oil group. Its segment divisions are divided into refining and chemistry such as refining of petroleum products and manufacture of basic chemistry and of specialty chemistry, petroleum products distribution, electricity generation from combined cycle gas plants and renewable energies, gas production, trading, transport and distribution primarily includes liquefied natural gas, natural gas, biogas, hydrogen, liquefied petroleum gas and hydrocarbon operating and production. The group is also operating in trading and sea transport of crude oil and oil products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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