Laurent Vincenti
Compared with the second quarter of 2018, cost of a barrel of oil fell by 7%. “Markets remain volatile, the cost of a barrel of Brent crude in the second quarter was $ 69, which is 9% higher than in the first quarter. However, prices for natural gas fell by 36% in Europe and by 26% in Asia,” explained head of Total SA Patrick Pouyanné.
In this regard, the company intends to focus on its strong projects in the gas segment and deep-water offshore fields. Total will sell those assets that can reach a break-even level only at high prices for oil and gas. “In accordance with the policy of active management of the portfolio of assets, in the period 2019-2020, assets in the amount of $ 5 billion will be sold, mainly in the mining and production sector,” Mr. Pouyanné said.
source: ft.com
In this regard, the company intends to focus on its strong projects in the gas segment and deep-water offshore fields. Total will sell those assets that can reach a break-even level only at high prices for oil and gas. “In accordance with the policy of active management of the portfolio of assets, in the period 2019-2020, assets in the amount of $ 5 billion will be sold, mainly in the mining and production sector,” Mr. Pouyanné said.
source: ft.com
