TotalEnergies announced on October 1, 2025, an agreement to sell its interests in several mature oil fields off Norway. This move is part of a broader divestment strategy aimed at cutting debt, with the transaction expected to close in the fourth quarter of this year.
The assets are being acquired by Norway's Vaar Energi, which will increase its stake in the Ekofisk redevelopment project to 52.3%. This divestment aligns with TotalEnergies' goal to raise $3.5 billion through asset sales by year-end, as stated at its recent investor day.
For investors, this significant divestiture demonstrates TotalEnergies' disciplined approach to portfolio management and its commitment to improving financial flexibility. The capital generated from this sale will help offset recent acquisitions and reduce the company's leverage.
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