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 agency, they wish to focus on deep-water fields away from the difficulties of working in close proximity with native communities.
The company is promoting its interest in 13 onshore fields and three 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 keep OMLs(oil mining licences) 23 and 28 and its interest 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 lead the sale because the financial 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 companies are leaving Nigeria and shifting their portfolios to where they’ll add worth to the journey in path of carbon net-zero dedication.
Last 12 months, Royal Dutch Shell announced its plan to offload onshore Nigerian oil property in a bid to move to cleaner power. เกจ์วัดแรงดันลม mentioned it was discussing with the federal government to sell its onshore oil assets in the nation.
Also, Seplat Energy in February announced it had entered right into a contract with ExxonMobil, to purchase Mobil Producing Nigeria Unlimited’s entire oil belongings in Nigeria. That contains all of Exxon’s entire shallow water property in the Niger Delta.

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