TotalEnergies to Sell Minority Interests in Some UK Fields
31 Janeiro 2022 - 05:02AM
Dow Jones News
By Mauro Orru
TotalEnergies SE has signed an agreement to sell a 20% interest
in Greater Laggan Area fields and in the Shetland Gas Plant in
Scotland, along with interests in several nearby exploration
licenses to Kistos PLC.
The French energy giant said Monday that the Greater Laggan Area
consists of the Laggan, Tormore, Glenlivet, Edradour and
Glendronach fields, roughly 140 kilometers (87 miles) west of the
Shetland Islands at water depths of 300 to 600 meters
The transaction includes a consideration of $125 million and two
contingent payments, the first one up to $40 million depending on
the gas price in 2022, and a second payment in the event of
development of a discovery on an exploration license.
The deal is subject to approval from U.K. authorities,
TotalEnergies said.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
January 31, 2022 02:47 ET (07:47 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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