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TotalEnergies sells its interest in the Sarsang Oil Field

TotalEnergies has completed the divestment of its 18-percent interest in the onshore Sarsang oil field in the Kurdistan region of Iraq, to ShaMaran Petroleum Corp., a company listed in Canada and Sweden and focused on oil exploration and development in Kurdistan, for a firm consideration of $ 155 million. An additional contingent consideration of USD

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Iraq: TotalEnergies sells its non-operated interest in the Sarsang oil field

Paris, September 15, 2022 – TotalEnergies has completed the divestment of its 18% interest in the onshore Sarsang oil field in the Kurdistan region of Iraq, to ShaMaran Petroleum Corp., a company listed in Canada and Sweden and focused on oil exploration and development in Kurdistan, for a firm consideration of $ 155 million.

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Iraq: TotalEnergies Sells its Non-Operated Interest in the Sarsang Oil Field

Iraq: TotalEnergies Sells its Non-Operated Interest in the Sarsang Oil Field
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France s TotalEnergies sells stake in Iraqi Kurdish oil field - Al-Monitor: Independent, trusted coverage of the Middle East

The sale follows the Iraqi federal government pressuring international firms to pull out of the autonomous region, which has led to concern from the US State Department.

United statesLiwa irbilJennifer gavitoAbu dhabi national oil companyNear eastern affairs barbara leafKurdistan regionShamaran petroleum corpKurdistan regional governmentAl monitor wednesdayAssistant secretaryIraqi kurdistan regionMiddle east

Iraq: TotalEnergies sells its non-operated interest in the Sarsang oil field | Hellenic Shipping News Worldwide

Iraq: TotalEnergies sells its non-operated interest in the Sarsang oil field | Hellenic Shipping News Worldwide
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