French oil main TotalEnergies has launched a sale of its minority stake in a Nigerian oil joint venture. According to the agency, they wish to give consideration to deep-water fields away from the difficulties of operating in close proximity with local communities.
The firm is selling 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 corresponding to 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 curiosity in the related fuel pipeline network that feeds Nigeria LNG.
Shift to deep-water fields
“Disruption of native communities are sources of nice concern in the country. We have appointed Canada’s Scotiabank to guide the sale because the financial adviser to the transaction,” said Patrick Pouyanne, TotalEnergies chief govt.
TotalEnergies is the newest multinational to give up its onshore asset for deep-water fields. เกจวัดความดันแก๊ส , the group managing director, Nigerian National Petroleum Company (NNPC) Limited had in February said International oil companies are leaving Nigeria and shifting their portfolios to the place they can add value to the journey in the direction of carbon net-zero commitment.
Last 12 months, Royal Dutch Shell introduced its plan to dump onshore Nigerian oil assets in a bid to move to cleaner power. It said it was discussing with the federal government to promote its onshore oil property in the country.
Also, Seplat Energy in February introduced it had entered right into a contract with ExxonMobil, to buy Mobil Producing Nigeria Unlimited’s entire oil property in Nigeria. That includes all of Exxon’s complete shallow water assets within the Niger Delta.
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