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Bringing Total around 1 billion barrels of oil equivalent of 2P/2C reserves and resources and a production of about 160,000 barrels of oil equivalent per day (boe/d) – Total’s acquisition of Maersk oil will help to reinforce the group’s leading position in the UK and Norway.

Total has agreed to acquire Maersk’s oil business, Maersk Oil for $7.45bn in a share and debt transaction. The transaction has been approved by the boards of Total and A.P. Møller – Mærsk, but is still subject to regulatory approval. The transaction is expected to close in the first