TotalEnergies launches sale of stake in Nigerian Joint Venture

French oil major TotalEnergies has launched a sale of its minority stake in a Nigerian oil three means partnership. According to the firm, they need to concentrate on deep-water fields away from the difficulties of working in close proximity with native communities.
The firm is promoting its interest in 13 onshore fields and 3 in shallow water, producing over 20,000 barrels of oil equivalent per day. The sale consists of infrastructure corresponding to 3,500 km of pipelines connecting to 2 key crude export terminals, Bonny and Forcados. They will maintain OMLs(oil mining licences) 23 and 28 and its interest within the associated gas pipeline community that feeds Nigeria LNG.
Shift to deep-water fields

“Disruption of local communities are sources of great concern within the country. pressure gauge octa have appointed Canada’s Scotiabank to steer the sale because the financial adviser to the transaction,” mentioned Patrick Pouyanne, TotalEnergies chief executive.
diaphragm seal is the newest multinational to give up its onshore asset for deep-water fields. Mele Kyari, the group managing director, Nigerian National Petroleum Company (NNPC) Limited had in February stated International oil companies are leaving Nigeria and shifting their portfolios to the place they can add worth to the journey towards carbon net-zero commitment.
Last 12 months, Royal Dutch Shell announced its plan to offload onshore Nigerian oil belongings in a bid to move to cleaner energy. เพรสเชอร์เกจ stated it was discussing with the federal government to sell its onshore oil belongings within the country.
Also, Seplat Energy in February introduced it had entered into a contract with ExxonMobil, to buy Mobil Producing Nigeria Unlimited’s entire oil assets in Nigeria. That contains all of Exxon’s entire shallow water belongings within the Niger Delta.

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