ISSN 2330-717X

Gulf Of Mexico: TotalEnergies Exits North Platte Deep Water Project

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TotalEnergies, through its affiliate TotalEnergies E&P USA, Inc., announced Thursday its decision not to sanction and so to withdraw from the North Platte deepwater project in the US Gulf of Mexico. 

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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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