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TotalEnergies: an agreement signed with the Thai oil company PTTEP

23/08/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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Le producteur d' énergie TotalEnergies "serif""> has signed an agreement with the société pétrolière Thai PTTEP. This agreement is part of the acquisition of a 26% stake in a gas license off the coast of Australia

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TotalEnergies a indiqué que le groupe pétrolier japonais Inpex va acquire the remaining 74% of PTTEP's stake in the AC-RL7 license and will act as operator under the agreement . According to the energy producer, “the permit covers an area of 418 km2 located in the Timor Sea, about 250 kilometers north-east of the offshore installations” of the Ichthys LNG natural gas (LNG) liquefaction plant and includes the Cash and Maple condensate gas fields

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TotalEnergies also indicated that the development of these fields should contribute to the long-term supply of the factory d'Ichthys, dont TotalEnergies is a 26% partner, with Inpex and other Asian minority shareholders holding the remaining 74%

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