• Natural Gas News

    TotalEnergies closes sale of Gabon assets

Summary

The sale to Perenco is worth $350mn.

by: Joseph Murphy

Posted in:

Complimentary, NGW News Alert, Natural Gas & LNG News, Africa, Corporate, Mergers & Acquisitions, Exploration & Production, News By Country, Gabon

TotalEnergies closes sale of Gabon assets

 TotalEnergies has closed the sale of non-strategic assets in Gabon to Anglo-French group Perenco for $350mn, the company announced on December 8.

The major's TotalEnergies E&P Gabon subsidiary has divested from seven mature offshore fields already operated by Perenco, and has also sold its 100% interest and operatorship of the Cap Lopez oil terminal. The assets in question netted TotalEnergies' Gabon unit 8,400 barrels of oil equivalent/day in the first nine months of this year.

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TotalEnergies E&P Gabon is 58.3% owned by TotalEnergies, 25% by the Gabonese Republic and 16.7% by private sector investors. It has sold its 65.3% interests in the Grondin, Gonelle, Barbier, Mandaros, Girelle, Pageau and Hylia fields.