TotalEnergies Completes GGIP Contracts in Iraq, Marks Final Stage of Gas Growth Integrated Project

TotalEnergies has launched the final contracts of the Gas Growth Integrated Project (GGIP) in Iraq. The project, led by TotalEnergies, includes the construction of a seawater treatment plant and the redevelopment of the Ratawi oil field. The seawater treatment plant will treat and transport 5 million barrels of seawater per day to main oil fields in southern Iraq, preserving the country's water resources. The Ratawi field redevelopment will increase production to 210,000 barrels per day from 2028, with no routine flaring.

TotalEnergies has announced the start of construction for the seawater treatment plant and phase 2 of the redevelopment of the Ratawi oil field, marking the completion of the final contracts for the Gas Growth Integrated Project (GGIP) in Iraq TotalEnergies launches final GGIP contracts in Iraq^[1]. This project, led by TotalEnergies with a 45% stake, alongside Basra Oil Company (30%) and QatarEnergy (25%), encompasses four key components: natural gas, solar, oil, and water.

The seawater treatment plant, to be built near Um Qasr, will treat and transport 5 million barrels of seawater per day to the main oil fields in southern Iraq, playing a crucial role in preserving the country's water resources TotalEnergies launches final GGIP contracts in Iraq^[1]. The redevelopment of the Ratawi oil field, which began in September 2023, will see its production increase to 210,000 barrels per day by 2028, without any routine flaring TotalEnergies launches final GGIP contracts in Iraq^[1].

Additionally, TotalEnergies has signed a Heads of Agreement (HoA) with KOGAS, South Korea’s national natural gas company, to supply 1 million tons of LNG per year for a 10-year period starting from the end of 2027. This agreement increases the volume of LNG supplied by TotalEnergies to KOGAS to 3 million tons per year from 2028 onward South Korea: TotalEnergies to Supply 1 Million Tons Per Year of LNG to KOGAS for 10 Years^[2]. The LNG will be sourced from TotalEnergies’ global supply portfolio, including its U.S. LNG production and offtake.

These developments underscore TotalEnergies' commitment to sustainable energy solutions and its strategic positioning in the global energy market. The company aims to increase the share of natural gas in its sales mix to nearly 50% by 2030, as part of its broader strategy to reduce carbon emissions and eliminate methane emissions associated with the gas value chain South Korea: TotalEnergies to Supply 1 Million Tons Per Year of LNG to KOGAS for 10 Years^[2].