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
7,269.63
15:50 15/11/24
-0.58%
-42.17
Oil & Gas Producers
8,043.72
15:45 15/11/24
1.32%
105.17
Total
€57.51
15:50 15/11/24
0.63%
€0.36
TotalEnergies SE
€59.60
15:44 15/11/24
0.00%
€0.00
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.