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
Kongsberg Maritime selected by Samsung Heavy Industries for 9-ship Shuttle Tanker project for Tsakos Group
The vessels are being constructed for Greek shipowner Tsakos Group and will be a bare-boat charter by Brazilian energy logistics company Transpetro, supporting offshore operations in Brazil’s pre-salt oil fields.