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 way partnership. According to the firm, they wish to focus on deep-water fields away from the difficulties of working in shut proximity with local communities.
หลักการทำงานของเกจ์วัดแก๊ส is selling its interest in thirteen onshore fields and 3 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 within the associated fuel pipeline network that feeds Nigeria LNG.
Shift to deep-water fields
“Disruption of local communities are sources of nice concern in the country. We have appointed Canada’s Scotiabank to lead the sale because the financial adviser to the transaction,” stated Patrick Pouyanne, TotalEnergies chief executive.
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 stated International oil firms are leaving Nigeria and shifting their portfolios to the place they will add worth to the journey in path of carbon net-zero commitment.
Last year, Royal Dutch Shell introduced its plan to dump onshore Nigerian oil property in a bid to maneuver to cleaner vitality. It mentioned it was discussing with the federal authorities to promote its onshore oil property within the country.
Also, Seplat Energy in February introduced it had entered into a contract with ExxonMobil, to purchase Mobil Producing Nigeria Unlimited’s whole oil assets in Nigeria. That consists of all of Exxon’s entire shallow water assets in the Niger Delta.
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