Total closes Maersk Oil deal

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French oil company Total has completed the Maersk Oil acquisition signed on August 21, 2017.

Total CEO Patrick Pouyanné announced earlier this week during CERAWeek conference that the acquisition would be completed on Thursday.

The acquisition brings to Total around 1 billion barrels of oil equivalent of 2P/2C reserves and resources, mainly in the OECD countries, and a production of about 160,000 barrels of oil equivalent per day (boe/d) in 2018, ramping up to more than 200,000 boe/d by the early 2020s, Total said on Thursday.

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