Announced
Financials
Tags
Acquisition
Majority
Pending
Single Bidder
Kazakhstan
onshore oil field
Oil: Crude Producers
Cross Border
Private
Friendly
Synopsis
Oriental Sunrise agreed to acquire Total E&P Dunga, a company that holds a 60% operating interest in the onshore Dunga oil field in Kazakhstan, from TotalEnergies, a French multinational integrated oil and gas company, for $330m. "TotalEnergies is fully committed to providing its expertise and know-how to develop Kazakhstan's natural resources, as we are doing as partner of the giant Kashagan field. These agreements demonstrate TotalEnergies' energy transition strategy. On the one hand, we dynamically manage our portfolio by disposing of mature, non-core assets such as the Dunga field. On the other, we are very proud to support the country’s low carbon development ambition through the major Mirny wind project,“ Patrick Pouyanné, TotalEnergies Chairman and CEO.
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