TotalEnergies: sale of interest in licenses in Nigeria
Under the terms of the agreement, TotalEnergies EP Nigeria will first sell its share in 15 licenses producing mainly oil, and then its share in the remaining three producing mainly gas (while retaining a full economic interest in the latter).
This sale, for a firm amount of $860 million, enables the French group to refocus its onshore activity in Nigeria on the integrated gas value chain. Completion is subject to the usual conditions, including regulatory approval.
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