French oil main TotalEnergies has launched a sale of its minority stake in a Nigerian oil joint venture. According to the agency, they need to concentrate on deep-water fields away from the difficulties of operating in shut proximity with native communities.
The company is selling its interest in 13 onshore fields and three in shallow water, producing over 20,000 barrels of oil equivalent per day. The sale includes infrastructure similar 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 associated gas pipeline community that feeds Nigeria LNG.
digital pressure gauge to deep-water fields

“Disruption of local communities are sources of great concern within the nation. We have appointed Canada’s Scotiabank to guide the sale as the monetary adviser to the transaction,” said Patrick Pouyanne, TotalEnergies chief govt.
TotalEnergies is the most recent multinational to give up its onshore asset for deep-water fields. Mele Kyari, the group managing director, Nigerian National Petroleum Company (NNPC) Limited had in February mentioned International oil firms are leaving Nigeria and shifting their portfolios to where they can add worth to the journey in course of carbon net-zero commitment.
Last year, Royal Dutch Shell announced its plan to offload onshore Nigerian oil belongings in a bid to move to cleaner energy. It stated it was discussing with the federal government to sell its onshore oil assets within the country.
Also, Seplat Energy in February announced it had entered into a contract with ExxonMobil, to buy Mobil Producing Nigeria Unlimited’s complete oil assets in Nigeria. That includes all of Exxon’s whole shallow water assets in the Niger Delta.