Total Gabon Refocuses on Operated Assets by Divesting Non-operated Assets and the Cap Lopez Terminal
30 Julho 2020 - 3:57AM
Business Wire
Regulatory News:
Total Gabon (Paris:EC) has signed an agreement with Perenco Oil
& Gas Gabon to divest its interests in seven mature
non-operated offshore fields, along with its interests and
operatorship in the Cap Lopez oil Terminal.
The transaction, which shall amount between $290 million and
$350 million, depending on future Brent prices, remains subject to
approval by the Gabonese authorities. The production interest
divested by Total Gabon amounted to approximately 8,000 barrels per
day in 2019.
"In the current volatile oil environment, this transaction will
help Total Gabon first to concentrate on his main operated assets
in order to make the most of it, and second to guarantee the future
of the Cap Lopez Terminal with the consolidation of the volumes
from two major actors in Gabon into the same terminal,” commented
Nicolas Terraz, President of Total Gabon. “We remain fully
committed to Gabon as actor of the oil industry of the country. We
shall continue to implement all plans to maximize the value of our
operated production clusters at Anguille-Mandji and
Torpille-Baudroie-Mérou.”
List of assets included in the
transaction
Area
Field
Total Gabon’s
Interests
Total Gabon's interest after
the transaction
Operator
Grondin
Grondin
65.275%
0%
Perenco Oil & Gas Gabon
Gonelle
65.275%
0%
Barbier
65.275%
0%
Mandaros
65.275%
0%
Torpille
Girelle
65.275%
0%
Pageau
65.275%
0%
Hylia
37.5%
0%
Cap Lopez oil terminal
100%
0%
Total Gabon
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200729006166/en/
Media: actionnariat-totalgabon@total.com
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