TotalEnergies launches sale of stake in Nigerian Joint Venture

เกจวัดแรงดันไอน้ำ 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 operating in close proximity with local communities.
The company is promoting its curiosity in 13 onshore fields and three in shallow water, producing over 20,000 barrels of oil equal per day. The sale consists of infrastructure corresponding to 3,500 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 in the related gas pipeline network 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 because the monetary adviser to the transaction,” mentioned Patrick Pouyanne, TotalEnergies chief government.
TotalEnergies is the newest 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 stated International oil companies are leaving Nigeria and shifting their portfolios to where they can add value to the journey towards carbon net-zero commitment.
Last 12 months, Royal Dutch Shell introduced its plan to dump onshore Nigerian oil belongings in a bid to move to cleaner vitality. It mentioned it was discussing with the federal government to sell its onshore oil assets in the nation.
Also, Seplat Energy in February introduced it had entered into a contract with ExxonMobil, to purchase Mobil Producing Nigeria Unlimited’s whole oil property in Nigeria. That contains all of Exxon’s whole shallow water assets in the Niger Delta.

Leave a Comment