KEYFACT Energy
Kistos, the low carbon intensity energy producer pursuing a strategy to acquire assets with a role in energy transition, notes recent press speculation in relation to Kistos and confirms that it is a participant in a process being run by TotalEnergies to sell interests in certain of Total's West of Shetland gas assets.
Kistos' participation in this process is in keeping with its stated strategy of growth through acquisition and this is one of a number of opportunities that has been actively considered over the past six months.
If Kistos becomes the preferred bidder in the process currently being run by Total, it is expected that any acquisition would be funded using the Company's existing resources.
KeyFacts Energy: Kistos UK country profile