Total sells $539m Nigerian oilfield stake
French oil major Total has sold its stake in an onshore oilfield in Nigeria for $569 million, the company confirmed on Monday.
CAC 40
8,022.41
16:59 19/04/24
-0.01%
-0.85
Oil & Gas Producers
9,468.77
17:10 19/04/24
0.39%
36.49
Total
€67.28
17:19 19/04/24
-0.21%
-€0.14
TotalEnergies SE
€67.20
17:14 19/04/24
-0.44%
-€0.30
Giving details, a spokesperson said the company had divested its holdings in OML 29 exploration block to Nigerian explorer Aiteo Eastern E&P.
The move is part of an ongoing asset sale programme initiated by the company last year. The latest sale brings Total’s divestment in Nigeria to over $1 billion.