TotalEnergies sells West of Shetland assets, including 7,500 boe/day gas production, to The Prax Group.
TotalEnergies sells its West of Shetland assets in UK to The Prax Group, including Laggan, Tormore, Glenlivet, Edradour, Glendronach fields, Shetland Gas Plant, and exploration licenses. The sale follows TotalEnergies' strategy to divest mature non-core assets, focusing on upstream North Sea portfolio and Integrated Power and Renewables portfolio. The assets produce 7,500 boe/day, comprising 90% gas.
June 27, 2024
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