TOTALENERGIES E&P INTERNATIONAL K3 LIMITED

• ◆

  5 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. TOTALENERGIES E&P INTERNATIONAL K3 LIMITED 2021-06-01 → present
2. TOTAL E&P INTERNATIONAL K3 LTD. 2018-06-29 → 2021-06-01
3. MAERSK OIL EXPLORATION INTERNATIONAL K3 LTD 2015-10-30 → 2018-06-29

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In assessing whether the financial statements for the Company should be prepared on the going concern basis, the Directors have considered current market conditions and the outlook for the Company. The Company's business activities, together with the factors likely to affect its future development, performance, and its financial position are set out in the Strategic Report on page 2. The Company currently has enough financial resources to sustain current operations. The main debtor of the Company is a cash on account balance with a fellow group company. There are no concerns over the recoverability of this amount, and it will be sufficient to cover any obligations that the Company has in the period to 31 December 2026 and, as such, the Directors believe that it is appropriate to continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Significant events

• “In May 2023, the Total Energies SE group announced that it had submitted withdrawal notices to its joint venture partners on Block 10BB, to unconditionally and irrevocably withdraw from the entirety of the Joint Operating Agreement ("JOA") and Production Sharing Contracts ("PSC") for these concessions. Consequently, the Company has fully written down in 2023 the fixed asset value with this licence. Government consent to the transfer remained outstanding as at December 31, 2024. In accordance with the JOA and PSC the Company retains economic participation for activities prior to June 30, 2023, which might result in additional costs for the Company.”
• “Gryphon Alpha, Tullich and Ballindalloch reached the point of cessation of production on 31 December 2024 with decommissioning activities commencing in 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

5

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -4.2%

  £1,710,156 → £1,638,992

• Cash

  —

  Not reported

• Net assets

  +7.1%

  £20,771,683 → £22,255,004

• Employees

  —

  Not reported

• Operating profit

  -157.4%

  -£286,879 → -£738,325

• Profit before tax

  +101.3%

  -£40,306,153 → £532,987

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers