TotalEnergies launches sale of stake in Nigerian Joint Venture

French oil main TotalEnergies has launched a sale of its minority stake in a Nigerian oil joint venture. According to the firm, they wish to give attention to deep-water fields away from the difficulties of operating in close proximity with native communities.
The firm is promoting its interest in 13 onshore fields and three in shallow water, producing over 20,000 barrels of oil equivalent per day. The sale includes infrastructure such as three,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 curiosity in the related gas pipeline network that feeds Nigeria LNG.
pressure gauge octa to deep-water fields

“Disruption of local communities are sources of great concern within the nation. We have appointed Canada’s Scotiabank to lead the sale because the monetary adviser to the transaction,” stated Patrick Pouyanne, TotalEnergies chief government.
TotalEnergies is the latest 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 mentioned International oil firms are leaving Nigeria and shifting their portfolios to where they’ll add worth to the journey in direction of carbon net-zero dedication.
Last year, Royal Dutch Shell announced its plan to dump onshore Nigerian oil assets in a bid to move to cleaner power. เกจวัดแรงดัน mentioned it was discussing with the federal government to promote its onshore oil property within the nation.
Also, Seplat Energy in February announced it had entered into a contract with ExxonMobil, to purchase Mobil Producing Nigeria Unlimited’s complete oil assets in Nigeria. That includes all of Exxon’s whole shallow water assets within the Niger Delta.
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