TotalEnergies has withdrawn from Block 11B/12B, in which its affiliate TotalEnergies EP South Africa holds a 45% interest, the company announced July 29. This decision comes after CNR International, former partner in the field, exited the field in June.
TotalEnergies EP South Africa held a 45% interest in the Brulpadda and Luiperd gas discoveries, located off the southern coast of South Africa. Discovered in 2013, the discoveries proved too challenging to economically develop and monetize, making them unable to be turned into a commercial development, the company said.
TotalEnergies also said it has decided to exit from offshore exploration Block 5/6/7 where TotalEnergies EP South Africa currently holds a 40% interest.
Recommended Reading
One Equity Partners to Acquire Gas Turbine Services Company EthosEnergy
2024-08-28 - One Equity Partners will buy EthosEnergy, which provides services to power generation and industrial customers operating industrial gas turbines.
Solaris Completes Acquisition of Mobile Energy Rentals
2024-09-12 - With the acquisition of Mobile Energy Rentals complete, Solaris now has access to multiple end markets outside of the oil patch.
Growth Through M&A: The Making of an Eagle Ford and Uinta Giant
2024-10-04 - Crescent Energy CEO discusses the expanding gravitational pull of Crescent after acquiring SilverBow and others.
TGS, ComboCurve Partner on Asset Evaluation Tech for Dealmakers
2024-08-28 - TGS and ComboCurve said the combination of their technology platforms will cut asset evaluation times from months to days.
Diamondback Subsidiary Viper Closes $900MM Midland Royalty Deal
2024-10-02 - Diamondback Energy’s Viper Energy closed the last of three acquisitions from Tumbleweed Royalty, owned by Double Eagle Energy’s founders, that together totaled about $1.1 billion.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.