(IN BRIEF) TotalEnergies has agreed to sell its non-operated 12.5% stake in the OML118 Production Sharing Contract to Shell Nigeria Exploration and Production Company Ltd (SNEPCo) for $510 million. The deal includes assets in the Bonga and Bonga North fields, … Read the full press release →
Posted in Business, Energy, Gas & Oil, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Bonga field, energy transition, exploration, gas assets, Nicolas Terraz, Nigeria, Nigeria LNG, offshore oil, OML118, partnership, production, Production Sharing Contract, regulatory approvals, Shell Nigeria, TotalEnergies, Ubeta project, upstream portfolio
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