DivestmentMar 30, 2026, 04:13 AM
TotalEnergies Divests Non-Operated Interests in West Ekofisk, Albuskjell, and Tommeliten Gamma Fields in Norway
AI Summary
TotalEnergies is divesting its non-operated interests in three mature Norwegian fields to Vår Energi and Orlen Upstream Norway. This move is part of TotalEnergies' strategy to high-grade its Upstream portfolio by divesting assets and focusing on more value-accretive opportunities.
Key Highlights
- TotalEnergies EP Norge signed an agreement to divest its 39.89% non-operated interest in West Ekofisk and Albuskjell fields to Vår Energi.
- TotalEnergies also agreed to divest its 20.23% non-operated interest in the Tommeliten Gamma field to Orlen Upstream Norway.
- The completion of the transactions is contingent upon the Final Investment Decision of the Previously Produced Fields (PPF) project and customary regulatory approvals, expected in Q4 2025.
Price Impact
More from TTE