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TotalEnergies SE ( (FR:TTE) ) has shared an update.
TotalEnergies EP Norge has agreed to divest its non-operated interests in the West Ekofisk, Albuskjell, and Tommeliten Gamma fields, located in Norway’s Greater Ekofisk Area, to Vår Energi and Orlen Upstream Norway. These mature fields, which ceased production in 1998, are set to be redeveloped under the Previously Produced Fields project, pending a final investment decision expected in late 2025. This move aligns with TotalEnergies’ strategy to optimize its upstream portfolio while maintaining a strong presence in Norway, where it holds interests in several producing fields.
More about TotalEnergies SE
TotalEnergies is a global integrated energy company that produces and markets a diverse range of energies, including oil, biofuels, biogas, low-carbon hydrogen, renewables, and electricity. With a workforce of over 100,000 employees, the company is committed to providing reliable, affordable, and sustainable energy solutions across approximately 120 countries. Sustainability is central to TotalEnergies’ strategy and operations.
For detailed information about TTE stock, go to TipRanks’ Stock Analysis page.