Total Gabon Divests Portfolio of Mature Non-Operated Assets
30 Juillet 2020 - 9:19AM
Dow Jones News
By Giulia Petroni
Total SE said Thursday that its affiliate Total Gabon has signed
an agreement with Perenco to divest a portfolio of mature
non-operated assets.
The French energy major said the price is set at between $290
million and $350 million, depending on future Brent crude
prices.
The portfolio includes seven mature non-operated offshore fields
as well as Total Gabon's interests and operatorship in the Cap
Lopez oil terminal.
The transaction is subject to the approval of Gabonese
authorities.
Total Gabon is 58% owned by Total.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
July 30, 2020 03:04 ET (07:04 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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