Total purchases Chevron Denmark

Total purchases Chevron Denmark

Total SA announced acquisition of all the share capital of Chevron Denmark Inc. This will increase Total’s operated share of DUC to 43.2%. Partners are Royal Dutch Shell PLC, 36.8%, and Danish Nordsofonden, 20%. Since 1972 the consortium operates 15 fields in the Central Graben area of the North Sea. Production in 2017 averaged 182,000 boe/d.