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 joint venture. According to the agency, they want to concentrate on deep-water fields away from the difficulties of working in close proximity with native communities.
The company is selling its interest in thirteen onshore fields and three in shallow water, producing over 20,000 barrels of oil equal per day. The sale includes infrastructure such as 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 interest in the related gasoline pipeline community that feeds Nigeria LNG.
Shift to deep-water fields
“Disruption of native 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 govt.
TotalEnergies is the most recent multinational to surrender its onshore asset for deep-water fields. เกจวัดแรงดันน้ำประปาราคา , the group managing director, Nigerian National Petroleum Company (NNPC) Limited had in February mentioned International oil corporations are leaving Nigeria and shifting their portfolios to where they can add worth to the journey in direction of carbon net-zero dedication.
Last year, Royal Dutch Shell introduced its plan to offload onshore Nigerian oil property in a bid to move to cleaner vitality. It stated it was discussing with the federal government to promote its onshore oil assets within the country.
Also, Seplat Energy in February announced it had entered into a contract with ExxonMobil, to purchase Mobil Producing Nigeria Unlimited’s entire oil belongings in Nigeria. That consists of all of Exxon’s complete shallow water belongings in the Niger Delta.

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