TotalEnergies strengthens its position in Brazil with additional 3% stake in Lapa field
TotalEnergies has signed an agreement with Shell to increase its stake in Brazil’s offshore Lapa field to 48%, while divesting its interest in Gato do Mato.
| Countries | Brésil |
|---|---|
| Companies | Shell, TotalEnergies |
| Sector | Gaz, Pétrole, Exploration production, Exploration production |
| Theme | Investissements & Transactions, Partenariats commerciaux |
TotalEnergies EP Brasil announced on Wednesday the signing of an agreement with Shell Brasil Petróleo Ltda (Shell) involving an asset swap within the framework of its offshore oil project in Brazil. Under the agreement, TotalEnergies will acquire an additional 3% interest in the offshore Lapa field, raising its total share to 48%, while Shell will retain 27% and Repsol Sinopec 25%. In exchange, TotalEnergies will divest its 20% non-operated stake in the Gato do Mato project.
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