Total sells interest in west of Shetland offshore operations

Total has agreed to sell 20% of its interests in the Laggan, Tormore, Edradour, and Glenlivet fields, located in the west of Shetland area, to SSE E&P UK Ltd. for £565 million ($876 million), subject to approvals.

Jul 29th, 2015

Offshore staff

PARIS – Total has agreed to sell 20% of its interests in the Laggan, Tormore, Edradour, and Glenlivet fields, located in the west of Shetland area, to SSE E&P UK Ltd. for £565 million ($876 million), subject to approvals.

Upon completion, Total will hold a 60% operated interest in the Laggan, Tormore, Edradour, and Glenlivet fields, alongside partners DONG E&P (UK) Ltd (20%) and SSE E&P UK Ltd (20%).

The sale also includes 20% of Total’s interest in the Shetland Gas Plant and interests in several exploration licenses in the west of Shetland area, including the Tobermory discovery.

07/29/2015

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