TotalEnergies launches sale of stake in Nigerian Joint Venture

pressure gauge น้ำ has launched a sale of its minority stake in a Nigerian oil joint venture. According to the firm, they need to focus on deep-water fields away from the difficulties of working in close proximity with native communities.
เกจวัดความดันpressuregauge is promoting its curiosity in thirteen onshore fields and 3 in shallow water, producing over 20,000 barrels of oil equal per day. The sale contains infrastructure corresponding to 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 related fuel pipeline community that feeds Nigeria LNG.
Shift to deep-water fields
“Disruption of local communities are sources of great concern within the country. We have appointed Canada’s Scotiabank to guide the sale as the financial adviser to the transaction,” said Patrick Pouyanne, TotalEnergies chief govt.
TotalEnergies is the latest multinational to surrender 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 corporations are leaving Nigeria and shifting their portfolios to the place they can add value to the journey towards carbon net-zero dedication.
Last yr, Royal Dutch Shell announced its plan to offload onshore Nigerian oil property in a bid to move to cleaner vitality. It said it was discussing with the federal authorities to sell its onshore oil property in the nation.
Also, Seplat Energy in February introduced it had entered right into a contract with ExxonMobil, to buy Mobil Producing Nigeria Unlimited’s entire oil assets in Nigeria. That includes all of Exxon’s complete shallow water assets in the Niger Delta.
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