PLUS1
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| TotalEnergies SE | EU:TTE | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.05 | -0.09% | 54.36 | 54.30 | 54.50 | 54.59 | 53.91 | 54.30 | 4,107,237 | 16:40:00 |
TotalEnergies Says Gas Production at Mabrouk Field in Oman Has Started
20/01/2023 11:17am
Dow Jones News
TotalEnergies (EU:TTE)
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From Jan 2023 to Apr 2023
By Giulia Petroni
TotalEnergies SE said gas production at the Mabrouk North-East field in Oman has started and that it has signed a long-term agreement with Oman LNG LLC to purchase liquefied natural gas.
The French oil-and-gas major on Friday said gas production in onshore Block 10 at the field is expected to reach 500 million standard cubic feet a day by mid 2024. The produced gas is set to supply both local industry and LNG export facilities in Oman.
Shell PLC is the operator of the block with a 53.45% holding. TotalEnergies holds a 26.55% interest in the block, while Oman's state energy company OQ has the remaining 20% interest.
TotalEnergies also said it signed a deal with Oman LNG to buy 800,000 metric tons of LNG a year over a period of 10 years starting from 2025. The aim is to reinforce its portfolio to address both the European and Asian markets, it said.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
January 20, 2023 06:02 ET (11:02 GMT)
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