par energy_isere » 02 nov. 2019, 13:58
Shell to buy Total’s deepwater Brunei unit
Royal Dutch Shell PLC has agreed to the purchase by one of its subsidiaries of Total E&P Deep Offshore Borneo BV, which holds an 86.95% interest in exploratory Block CA1 offshore Brunei for $300 million.
OGJ editors Oct 30th, 2019
Royal Dutch Shell PLC has agreed to the purchase by one of its subsidiaries of Total E&P Deep Offshore Borneo BV, which holds an 86.95% interest in exploratory Block CA1 offshore Brunei for $300 million.
The block, more than 100 km offshore, covers 5,850 sq km in 1,000-2,500 m of water. Total is operator. Other interests are Murphy Oil, 8.05%, and Petronas, 5%.
Total, of which the company to be acquired is a wholly owned subsidiary, said the deal is part of a program to sell $5 billion of noncore assets during 2019-20.
Another subsidiary, Total E&P Borneo BV, operates Block B, 50 km offshore, as a 37.5% partner in a joint venture with Shell Deepwater Borneo Ltd., 35%, and PB Expro, 27.5%.
Mahararajalela Jamalulalam field on Block B has produced natural gas and condensate since 1999.
https://www.ogj.com/general-interest/co ... runei-unit[quote] [b]Shell to buy Total’s deepwater Brunei unit[/b]
Royal Dutch Shell PLC has agreed to the purchase by one of its subsidiaries of Total E&P Deep Offshore Borneo BV, which holds an 86.95% interest in exploratory Block CA1 offshore Brunei for $300 million.
OGJ editors Oct 30th, 2019
[img]https://img.ogj.com/files/base/ebm/ogj/image/2019/10/191030_Total_Brunei_map_final.5db9a7ca48436.png?auto=format&w=720[/img]
Royal Dutch Shell PLC has agreed to the purchase by one of its subsidiaries of Total E&P Deep Offshore Borneo BV, which holds an 86.95% interest in exploratory Block CA1 offshore Brunei for $300 million.
The block, more than 100 km offshore, covers 5,850 sq km in 1,000-2,500 m of water. Total is operator. Other interests are Murphy Oil, 8.05%, and Petronas, 5%.
Total, of which the company to be acquired is a wholly owned subsidiary, said the deal is part of a program to sell $5 billion of noncore assets during 2019-20.
Another subsidiary, Total E&P Borneo BV, operates Block B, 50 km offshore, as a 37.5% partner in a joint venture with Shell Deepwater Borneo Ltd., 35%, and PB Expro, 27.5%.
Mahararajalela Jamalulalam field on Block B has produced natural gas and condensate since 1999.
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https://www.ogj.com/general-interest/companies/article/14069562/shell-to-buy-totals-deepwater-brunei-unit