Total sells Brunei subsidiary to Shell
Published by Nicholas Woodroof,
Editor
Oilfield Technology,
“This transaction fits with our strategy of actively managing our portfolio and will contribute to our programme to dispose of US$5 billion of non-core assets over the period 2019-2020,” said Arnaud Breuillac, President Exploration & Production at Total.
Block CA1 covers 5850 km2, with water depths ranging from 1000 to 2500 m. Total currently operates the block alongside partners Murphy Oil (8.05%) and Petronas (5%).
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/31102019/total-sells-brunei-subsidiary-to-shell/
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