TotalEnergies launches sale of stake in Nigerian Joint Venture

French oil major TotalEnergies has launched a sale of its minority stake in a Nigerian oil joint venture. According to the firm, they wish to give attention to deep-water fields away from the difficulties of working in close proximity with local communities.
The firm is promoting its interest in 13 onshore fields and three in shallow water, producing over 20,000 barrels of oil equivalent per day. The sale consists of infrastructure such as 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 interest within the related gas 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 monetary adviser to the transaction,” mentioned Patrick Pouyanne, TotalEnergies chief executive.
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 said International oil corporations are leaving Nigeria and shifting their portfolios to where they can add worth to the journey towards carbon net-zero dedication.
ร้านซ่อมเครื่องวัดความดัน , Royal Dutch Shell announced its plan to dump onshore Nigerian oil assets in a bid to move to cleaner energy. It said it was discussing with the federal authorities to sell its onshore oil belongings in the country.
Also, Seplat Energy in February introduced it had entered into a contract with ExxonMobil, to buy Mobil Producing Nigeria Unlimited’s entire oil property in Nigeria. That contains all of Exxon’s entire shallow water property in the Niger Delta.

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