SALVADOR, BRAZIL (Pedro Silva, Energy Analytics Institute, 4.Jun.2025, Words: 225) — TotalEnergies signed an agreement with Shell Brasil Petróleo Ltda to exchange its 20% non-operated interest in the Gato do Mato offshore project in Brazil’s Santos basin for an additional 3% interest in Lapa, a producing offshore oil field.
The agreement is subject to customary conditions precedent, notably regulatory approvals.