TotalEnergies withdraws from South African offshore blocks after CNRI exit

(WO) — TotalEnergies has introduced its withdrawal from offshore Blocks 11B/12B and 5/6/7 off the southern coast of South Africa. This choice follows the exit of companion CNRI from Block 11B/12B, the place TotalEnergies EP South Africa holds a forty five% curiosity.

TotalEnergies entered Block 11B/12B in 2013 and found fuel on the Brulpadda and Luiperd fields. Nevertheless, these discoveries proved too difficult to develop economically for the South African market.

As well as, TotalEnergies has determined to exit offshore exploration Block 5/6/7, the place it at the moment holds a 40% curiosity.