TotalEnergies is dropping out of the North Platte development, in the US Gulf of Mexico.
The French company has a 60% stake and is the operator of the plan, via its TotalEnergies E&P USA unit. Total has “better opportunities of allocation of its capital within its global portfolio” it said, in explanation.
Equinor has the remaining 40% stake. Total said there would be a short transition period to ensure a smooth transfer of operatorship.
You are reading subscriber exclusive content. Log in or try a 30 day free trial for unlimited access to all of Energy Voice's content.