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TotalEnergies sell its Nigerian onshore oil business for $860 million

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The company said closing of the deal is subject to customary conditions, including regulatory approvals.

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Under the agreement signed with Chappal Energies, TotalEnergies said it will sell to Chappal Energies its 10 per cent participating interest and all its rights and obligations in 15 licences of SPDC JV, which are producing mainly oil. The President Exploration & Production of TotalEnergies, Nicolas Terraz, said “TotalEnergies continues to actively manage its portfolio in Nigeria, in line with its strategy to focus on its oil offshore and gas assets.PREMIUM TIMES delivers fact-based journalism for Nigerians, by Nigerians — and our community of supporters, the readers who donate, make our work possible. Help us bring you and millions of others in-depth, meticulously researched news and information.

The company had in December 2023 said it would invest as much as $6 billion in Nigeria in coming years, particularly in gas production, as it plans to cut down investment in hydrocarbons and transition into cleaner energy. Last month, the Nigerian National Petroleum Company Limited and TotalEnergies JV signed a $550 million Final Investment Decision on the Ubeta Field Development Project.

 

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Sources: NNPC, TotalEnergies to finalise $550m investment on Ubeta project this weekNNPC Limited and TotalEnergies are set to announce the final investment decision on the Ubeta Field Development Project, TheCable understands
ソース: thecableng - 🏆 2. / 80 続きを読む »

JUST IN: NNPC, TotalEnergies sign $550m investment deal on Ubeta projectThe Nigerian National Petroleum Company (NNPC) Limited has signed a memorandum of understanding (MoU) with TotalEnergies to final investment decision (FID) on the Ubeta Field Development Project.
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