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 means partnership. According to the agency, they wish to focus on deep-water fields away from the difficulties of working in shut proximity with local communities.
The company is selling its interest in 13 onshore fields and 3 in shallow water, producing over 20,000 barrels of oil equivalent per day. The sale includes infrastructure similar to 3,500 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 in the related gas pipeline community that feeds Nigeria LNG.
Shift to deep-water fields
“Disruption of local communities are sources of nice concern within the country. We have appointed Canada’s Scotiabank to steer the sale as the monetary adviser to the transaction,” said Patrick Pouyanne, TotalEnergies chief government.
TotalEnergies is the latest multinational to give up its onshore asset for deep-water fields. Mele Kyari, the group managing director, Nigerian National Petroleum Company (NNPC) Limited had in February said International oil corporations are leaving Nigeria and shifting their portfolios to the place they will add worth to the journey towards carbon net-zero commitment.
Last 12 months, Royal Dutch Shell announced its plan to offload onshore Nigerian oil belongings in a bid to move to cleaner energy. It mentioned it was discussing with the federal authorities to promote its onshore oil assets in the nation.
Also, Seplat Energy in February introduced it had entered into a contract with ExxonMobil, to buy Mobil Producing Nigeria Unlimited’s whole oil property in Nigeria. เกจวัดแรงกด contains all of Exxon’s entire shallow water property in the Niger Delta.
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