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 focus on deep-water fields away from the difficulties of working in close proximity with native communities.
The company is selling its curiosity in thirteen onshore fields and 3 in shallow water, producing over 20,000 barrels of oil equal per day. The sale includes infrastructure corresponding to 3,500 km of pipelines connecting to 2 key crude export terminals, Bonny and Forcados. pressure gauge ไท วัสดุ will keep OMLs(oil mining licences) 23 and 28 and its interest within the associated gasoline pipeline network that feeds Nigeria LNG.
Shift to deep-water fields
“Disruption of local communities are sources of nice concern in the country. We have appointed Canada’s Scotiabank to guide the sale because the monetary adviser to the transaction,” stated Patrick Pouyanne, TotalEnergies chief govt.
TotalEnergies is the most recent multinational to surrender its onshore asset for deep-water fields. pressure gauge หน้าปัด 4 นิ้ว , the group managing director, Nigerian National Petroleum Company (NNPC) Limited had in February said International oil firms are leaving Nigeria and shifting their portfolios to where they can add worth to the journey in the direction of carbon net-zero commitment.
Last year, Royal Dutch Shell announced its plan to offload onshore Nigerian oil assets in a bid to move to cleaner energy. It said it was discussing with the federal authorities to promote its onshore oil belongings within the country.
Also, Seplat Energy in February announced it had entered right into a contract with ExxonMobil, to purchase Mobil Producing Nigeria Unlimited’s complete oil property in Nigeria. That includes all of Exxon’s whole shallow water assets within the Niger Delta.