(PRESS RELEASE) PARIS, 10-Feb-2022 — /EuropaWire/ — TotalEnergies (EPA:TTE), one of the seven “supermajor” oil companies, has announced its withdrawal, as a result of its decision not to sanction, from the North Platte Deep Water Project in the US Gulf of Mexico where it holds 60% operated interest through its affiliate TotalEnergies E&P USA, Inc.
The decision not to continue with the project was taken as the Company has better opportunities of allocation of its capital within its global portfolio.
TotalEnergies who held a 60% operated interest in North Platte, alongside its joint-interest owner Equinor (40%) has duly notified its partner and the relevant authorities of its immediate withdrawal from the project, and of its resignation as operator which will be effective following a short transition period to ensure an orderly hand-over of operatorship.
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