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French energy giant Total is expected to invest up to $10 billion in the North Sea over the next five years, but costs remain a priority, CEO Patrick Pouyanne said
Tuesday.
Speaking at an industry conference in Aberdeen, Scotland, Pouyanne said the company had studied joint oil and gas infrastructure decommissioning in the region with its counterparts from Shell and BP as part of its cost-cutting efforts
.
Pouyanne added that as the company continues to expand its investment in low-carbon and renewable energy, Total plans to participate in the upcoming offshore wind tender
in Scotland.
The company stressed that Total is not constrained by the funding of investing in low-carbon power projects, but by the capacity of the project to develop
.
French energy giant Total is expected to invest up to $10 billion in the North Sea over the next five years, but costs remain a priority, CEO Patrick Pouyanne said
Tuesday.
Speaking at an industry conference in Aberdeen, Scotland, Pouyanne said the company had studied joint oil and gas infrastructure decommissioning in the region with its counterparts from Shell and BP as part of its cost-cutting efforts
.
Pouyanne added that as the company continues to expand its investment in low-carbon and renewable energy, Total plans to participate in the upcoming offshore wind tender
in Scotland.
The company stressed that Total is not constrained by the funding of investing in low-carbon power projects, but by the capacity of the project to develop
.
