TotalEnergies Sells its Onshore Oil Assets to Indigenous oil firm, Chappal Energies, for $860m

French oil giant TotalEnergies has found a buyer for its onshore oil assets in Nigeria. The company plans to sell its stake to the indigenous oil firm, Chappal Energies, for a sum of $860 million. This transaction, expected to close by December 31, 2024, is part of TotalEnergies’ strategic realignment towards more secure offshore investments, […] The post TotalEnergies Sells its Onshore Oil Assets to Indigenous oil firm, Chappal Energies, for $860m appeared first on Tekedia.

  Business   Jul 18, 2024   0   48  Add to Reading List
TotalEnergies Sells its Onshore Oil Assets to Indigenous oil firm, Chappal Energies, for $860m


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French oil giant TotalEnergies has found a buyer for its onshore oil assets in Nigeria. The company plans to sell its stake to the indigenous oil firm, Chappal Energies, for a sum of $860 million. This transaction, expected to close by December 31, 2024, is part of TotalEnergies’ strategic realignment towards more secure offshore investments, […]

The post TotalEnergies Sells its Onshore Oil Assets to Indigenous oil firm, Chappal Energies, for $860m appeared first on Tekedia.

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