TotalEnergies withdraws from North Platte project
Published by Nicholas Woodroof,
Editor
Oilfield Technology,
The company has said it has better opportunities of allocation of its capital within its global portfolio.
TotalEnergies, which held a 60% operated interest in North Platte, has notified Equinor (40%) and the relevant authorities of its immediate withdrawal from the project, and of its resignation as operator, which will be effective following a short transition period.
Map courtesy of Equinor
Read the latest issue of Oilfield Technology in full for free: Issue 4 2021
The issue starts with a report from Rystad Energy focusing on the outlook for the upstream industry in the Middle East. The rest of the issue is dedicated to features covering production optimisation, drill bits, pipeline integrity, health and safety, and more.
Exclusive contributions come from Varel Energy Solutions, Rystad Energy, Gyrodata, 3X Engineering, Tracerco, Ulterra Drilling Technologies and more.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/10022022/totalenergies-withdraws-from-north-platte-project/
You might also like
TotalEnergies signs agreement to acquire remaining 50% of SapuraOMV
SapuraOMV’s main assets are its 40% operated interest in block SK408 and 30% operated interest in block SK310, both located offshore Sarawak in Malaysia.