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
7,541.36
17:00 04/10/24
0.85%
63.58
Oil & Gas Producers
8,283.17
17:14 04/10/24
0.96%
78.92
Total
€62.65
16:29 04/10/24
1.84%
€1.13
TotalEnergies SE
€62.80
16:39 04/10/24
1.78%
€1.10
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.