PEL 83 – TotalEnergies to Enter as Operator [Canadian Business Journal (Canada)]
TotalEnergies SE Ordinary Shares (TTE)
Company Research
Source: Canadian Business Journal
TORONTO, Dec. 09, 2025 (GLOBE NEWSWIRE) — Sintana Energy Inc. (TSX-V: SEI, OTCQB: SEUSF) (“CompanyPEL 83GalpCustosWith reference to Galp’s corporate website (at galp.com) and updates provided therein, it was announced today that TotalEnergies and Galp have entered into an agreement (the “AgreementThe Agreement also includes a commitment to launch an exploration and appraisal campaign on PEL 83 that will include at least three wells over the next two years to continue de-risking the block and support definition of an initial development hub. The first potential well is under assessment for 2026.As part of the transaction Galp and TotalEnergies also signed a funding agreement where 50% of all Galp’s investments for a first development in Mopane will be carried. The carry will be repaid following the first commercial oil through 50% of Galp’s future cash flows from the project. Custos will continue to benefit from the carry that is provided for in the prevailing Joint Operating Agreemen
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TTE
News
- Jefferies downgrades Galp as TotalEnergies takes control of Mopane [Yahoo! Finance]Yahoo! Finance
- 30 energy companies bid $371 million for chunks of Gulf of Mexico [Yahoo! Finance]Yahoo! Finance
- Serica Energy completes acquisition of Prax Upstream [Yahoo! Finance]Yahoo! Finance
- E-Invoicing: the Serensia by Quadient platform receives final accreditation by the French Tax Authority [Yahoo! Finance]Yahoo! Finance
- TotalEnergies SE (TTE) Signs a Joint Development Agreement With Japanese Companies [Yahoo! Finance]Yahoo! Finance
TTE
Earnings
- 10/30/25 - Miss
TTE
Sec Filings
- 12/8/25 - Form 25-NSE
- 12/8/25 - Form 8-A12B/A
- 12/8/25 - Form 6-K
- TTE's page on the SEC website