TotalEnergies Hands Papua LNG Operatorship to Exxon
TotalEnergies is reducing its stake in the Papua LNG project and handing operatorship to ExxonMobil. The move aims to secure a final investment decision by the end of the year and improve execution efficiency.
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TotalEnergies SE will reduce its stake in the Papua LNG project by 9.1% and hand operatorship to Exxon Mobil Corp ahead of a final investment decision slated for late 2026. The French energy major is retaining a 20% interest in the development located in Papua New Guinea.
