TotalEnergies Sells Minority Interests in West of Shetland Fields

• (PLX AI) - TotalEnergies sells minority interests in West of Shetland fields.
• • TotalEnergies has signed an agreement to sell to Kistos Energy Limited a 20% interest in the Greater Laggan Area fields and in the Shetland Gas Plant in the UK, as well as interests in several nearby exploration licenses
• • The transaction price includes a firm consideration of $125 million, as well as two contingent payments, the first one up to $40 million depending on the gas price in 2022, and the second one in the event of development of a discovery on an exploration license