/cloudfront-us-east-2.images.arcpublishing.com/reuters/FEJSQRF4X5OB7PBBPIKDC4G5RA.jpg)
The logo of French oil and gas company TotalEnergies is seen on an oil tank at TotalEnergies fuel depot in Mardyck near Dunkirk, France, January 16, 2023. REUTERS/Benoit Tessier/File Photo Acquire Licensing Rights
PARIS, Aug 21 (Reuters) – France’s TotalEnergies (TTEF.PA) on Monday said it had teamed up with Japanese peer INPEX (1605.T) to acquire 100% of the interest in the AC-RL7 permit in the Timor Sea from PTTEP.
The permit, which includes gas and condensate fields, is expected to contribute to the long-term supply of the Ichthys LNG natural gas liquefaction plant, in which TotalEnergies is a 26% partner while INPEX and other Asian minority shareholders hold the remaining 74%.
Reporting by Tassilo Hummel;
Editing by Sudip Kar-Gupta
Our Standards: The Thomson Reuters Trust Principles.