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 firm, they wish to concentrate on deep-water fields away from the difficulties of operating in shut proximity with local communities.
The company is promoting its interest in thirteen onshore fields and three in shallow water, producing over 20,000 barrels of oil equivalent 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 curiosity in the related gasoline 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 lead the sale as the financial adviser to the transaction,” mentioned Patrick Pouyanne, TotalEnergies chief govt.
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 mentioned International oil companies are leaving Nigeria and shifting their portfolios to where they’ll add worth to the journey in course of carbon net-zero commitment.
Last year, Royal Dutch Shell announced its plan to offload onshore Nigerian oil property in a bid to move to cleaner energy. It stated it was discussing with the federal authorities to promote its onshore oil belongings in the country.
Also, ความหมายของเครื่องวัดความดัน in February announced it had entered into a contract with ExxonMobil, to purchase Mobil Producing Nigeria Unlimited’s entire oil property in Nigeria. That contains all of Exxon’s entire shallow water assets in the Niger Delta.

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