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 agency, they want to concentrate on deep-water fields away from the difficulties of operating in close proximity with native communities.
The company is promoting its interest in thirteen onshore fields and 3 in shallow water, producing over 20,000 barrels of oil equal per day. The sale contains infrastructure such as 3,500 km of pipelines connecting to 2 key crude export terminals, Bonny and Forcados. They will hold OMLs(oil mining licences) 23 and 28 and its interest in the associated 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 steer the sale because the financial adviser to the transaction,” stated Patrick Pouyanne, TotalEnergies chief govt.
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 the place they’ll add value to the journey towards carbon net-zero dedication.
เครื่องมือวัดความดัน , Royal Dutch Shell announced its plan to offload onshore Nigerian oil belongings in a bid to maneuver to cleaner energy. It mentioned it was discussing with the federal government to sell its onshore oil belongings in the nation.
Also, Seplat Energy in February announced it had entered into a contract with ExxonMobil, to buy Mobil Producing Nigeria Unlimited’s complete oil assets in Nigeria. That contains all of Exxon’s whole shallow water property in the Niger Delta.

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