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Total says Maersk Oil $3 bln decommissioning liabilities taken into account

Monday, 21 Aug 2017 08:47am EDT 

Aug 21 (Reuters) - Total :CEO Patrick Pouyanne says the company took account of about $3 billion decommissioning liabilities linked to Maersk Oil deal valuation..Total <<>> is buying Maersk's oil and gas business in a $7.45 billion deal which the French energy major said would strengthen its operations in the North Sea and boost earnings and cash flow. nL8N1L70XF."We took all rights and obligations of the portfolio. In terms of cash flow, it is limited in impact on the first years and postponed beyond 2035-2040, so the decommissioning liabilities are fully taken into account and there are no surprises," Pouyanne told analysts in a call. .