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 three way partnership. According to the firm, they wish to concentrate on deep-water fields away from the difficulties of operating in close proximity with native communities.
The firm is selling its interest in thirteen onshore fields and three in shallow water, producing over 20,000 barrels of oil equal per day. The sale includes infrastructure such as three,500 km of pipelines connecting to 2 key crude export terminals, Bonny and Forcados. pressure gauge ลม will keep OMLs(oil mining licences) 23 and 28 and its curiosity in the associated gas pipeline network that feeds Nigeria LNG.
Shift to deep-water fields
“Disruption of local communities are sources of nice concern in the country. เกจวัดแรงดันสูง have appointed Canada’s Scotiabank to steer the sale because the monetary adviser to the transaction,” mentioned Patrick Pouyanne, TotalEnergies chief government.
TotalEnergies is the most recent 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 firms are leaving Nigeria and shifting their portfolios to where they will add value to the journey towards carbon net-zero dedication.
Last yr, Royal Dutch Shell introduced its plan to dump onshore Nigerian oil property in a bid to maneuver to cleaner energy. It said it was discussing with the federal government to promote its onshore oil assets within the country.
Also, Seplat Energy in February announced it had entered right into a contract with ExxonMobil, to buy Mobil Producing Nigeria Unlimited’s entire oil property in Nigeria. That consists of all of Exxon’s whole shallow water property within the Niger Delta.

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