TotalEnergies SE (NYSE:TTE) Q4 2023 Earnings Conference Call February 7, 2024 4:30 AM ET
Company Participants
Renaud Lions - Investor Relations
Bernard Pinatel - President, Refining & Chemicals
Jean-Pierre Sbraire - Chief Financial Officer
Patrick Pouyanné - Chairman, Chief Executive Officer and President
Stephane Michel - President, Gas, Renewables & Power
Conference Call Participants
Irene Himona - Societe Generale
Oswald Clint - Bernstein
Michele Vigna - Goldman Sachs
Martijn Rats - Morgan Stanley
Lucas Herrmann - BNP Paribas
Lydia Rainforth - Barclays
Henri Patricot - UBS
Alastair Syme - Citi
Chris Kuplent - Bank of America
Jason Gabelman - TD Cowen
Giacomo Romeo - Jefferies
Kim Fustier - HSBC
Bertrand Hodee - Kepler Cheuvreux
Renaud Lions
Good morning. Welcome to TotalEnergies 2023 Results and 2024 Objectives Presentation. We are today in London from the Tate Modern Art Museum. Thanks for coming today and I hope that you will enjoy the view on the city and sample. You can also follow us live on our website, totalenergies.com. We will start today with a safety sequence with Bernard Pinatel, who is our President Refining & Chemicals and then we will have the presentation from Jean-Pierre and Patrick for around 1 hour. And then we’ll move to the Q&A session, we should be finished around 11:30, 11:45. [Operator Instructions]
But without further delay, I invite Bernard to come on stage to launch the meeting with the safety sequence. Bernard?
Bernard Pinatel
Thank you, Renaud. Good morning. Last year, I had to deploy two fatalities. As you know, in these two tragic events remind us that our first duty, of course, is to make sure that everyone returns home safe everyday. One fatality occurred in France in a retail station, where a contractor is either passed away when performing some acceleration work.
The safety moment I’ve chosen this morning is about the second fatality, the one which occurred in the Silane refinery in the Netherlands, of course, not to describe – just to describe what happened, but most importantly, to share with you what we learned from this tragic event to improve our operations.
On February 3, a contractor passed away while he was performing a catalyst and loading operation inside the reactor. His name was Torsten. He was 50 years old. Changing a catalyst is a very sensitive operation as the catalyst is flammable in the presence of oxygen of air. So you must first inert the reactor with nitrogen before the intervention. The catalyst and loading operation is performed, as you see on the slide, by a team of 3 people led by a supervisor. First, there is a diver who is the one entering into the reactor, fully equipped, of course, including with a lifeline to be pulled out in case of emergency. The second one is the second diver who is ready to dive in case of emergency and there is also a controller who monitors the level of nitrogen of air and keeps constant contact by radio and by video. And before entering into the reactor, of course, there is a video inspection to make sure that the situation is safe.