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 three means partnership. According to the firm, they need to concentrate on deep-water fields away from the difficulties of working in close proximity with native 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. pressure gauge ไฮ ด รอ ลิ ค contains infrastructure similar to 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 associated gas pipeline community that feeds Nigeria LNG.
Shift to deep-water fields
“Disruption of native communities are sources of nice concern within the country. We have appointed Canada’s Scotiabank to lead the sale as the financial adviser to the transaction,” said 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 firms are leaving Nigeria and shifting their portfolios to where they can add value to the journey towards carbon net-zero dedication.
Last 12 months, Royal Dutch Shell announced its plan to dump onshore Nigerian oil property in a bid to maneuver to cleaner energy. It said it was discussing with the federal government to promote its onshore oil assets within 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 assets within the Niger Delta.

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