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TotalEnergies has announced its withdrawal from Block 11B/12B, off the Southern coast of South Africa, in which its affiliate TotalEnergies EP South Africa holds a 45% interest.
TotalEnergies entered into Block 11B/12B in 2013 and made two gas discoveries, Brulpadda and Luiperd, which could however not be turned into a commercial development as it appeared to be too challenging to economically develop and monetize these gas discoveries for the South African market.
In a statement on Monday, TotalEnergies disclosed that it has also decided to exit from offshore exploration Block 5/6/7 where TotalEnergies EP South Africa currently holds a 40% interest.
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