TotalEnergies to Exit Gas Finds Offshore South Africa, Bloomberg Reports
-- TotalEnergies plans to exit its gas discoveries offshore South Africa to prioritize exploration in areas closer to promising discoveries near Namibia, Bloomberg reports, citing unnamed sources.
-- The French energy major intends to give up the license for Block 11B/12B due to doubts about its commercial viability, considering South Africa's limited gas market, Bloomberg reports.
-- TotalEnergies will instead focus on exploring the Orange Basin, situated closer to promising oil discoveries offshore Namibia, Bloomberg reports.
-- The company didn't immediately respond on a request for comment.
Full story: https://tinyurl.com/4wka3jwe
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
July 02, 2024 09:32 ET (13:32 GMT)
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