TTE - TotalEnergies Sells Certain North Sea Assets: Details | Benzinga
TotalEnergies SE (NYSE:TTE) agreed to sell its West of Shetland assets, including several fields, the Shetland Gas Plant, and exploration licenses, to The Prax Group, pending regulatory approval.
These mature assets produce approximately 7,500 barrels of oil equivalent per day, about 90% being gas.
The transaction includes transferring relevant employees from TotalEnergies to Prax by applicable laws.
Jean-Luc Guiziou, Senior Vice President Europe for Exploration ...