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0A30 Totalenergies Se

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type Share ISIN Share Description
Totalenergies Se LSE:0A30 London Ordinary Share TOTAL ADR REPSG ONE ORD (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 20,140 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 222.62B 21.38B 8.8647 7.16 153.11B

Total S.A. Brunei: Total Sells Its Interest in Offshore Block CA1

30/10/2019 11:04am

UK Regulatory


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Total (Paris:FP) (LSE:TTA) (NYSE:TOT) has signed an agreement to sell wholly owned subsidiary Total E&P Deep Offshore Borneo BV - which holds an 86.95% interest in Block CA1, located 100 kilometers off the coast of Brunei - to Shell1 for $300 million. The transaction is subject to approval by the competent authorities and is expected to close by December 2019.

 

"This transaction fits with our strategy of actively managing our portfolio and will contribute to our program to dispose of $5 billion of non-core assets over the period 2019-2020," said Arnaud Breuillac, President Exploration & Production at Total.

 

Block CA1 covers 5,850 square kilometers, with water depths ranging from 1,000 to 2,500 meters. Total currently operates the block alongside partners Murphy Oil (8.05%) and Petronas (5%).

 

* * * * *

 

About Total

 

Total is a major energy player that produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.

 

Cautionary note

 

This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms "Total", "Total Group" and Group are sometimes used for convenience. Likewise, the words "we", "us" and "our" may also be used to refer to subsidiaries in general or to those who work for them.

 

This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.

 

1 Dordtsche Petroleum Maatschappij BV

 

Total ContactsMedia Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPressInvestor Relations: +44 (0)207 719 7962 l ir@total.com

 
 

View source version on businesswire.com: https://www.businesswire.com/news/home/20191030005507/en/

 
This information is provided by Business Wire 
 
 

(END) Dow Jones Newswires

October 30, 2019 07:04 ET (11:04 GMT)

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