TotalEnergies sells Norwegian oil assets to Vår Energi to reduce debt
TotalEnergies has reached a deal to sell mature offshore oil fields in the North Sea to Vår Energi as part of a $3.5bn divestment plan aimed at easing its rising debt.
| Countries | France, Norvège |
|---|---|
| Sector | Pétrole |
| Theme | Investissements & Transactions, Transfert d'Actifs Énergétiques |
TotalEnergies SE has announced the sale of its interest in several mature oil assets offshore Norway to Norwegian company Vår Energi ASA, marking a further step in its divestment strategy. The transaction, expected to close in the fourth quarter, aligns with the French group’s broader effort to streamline its portfolio and focus on more profitable projects.
Comments
Sign in to leave a comment.