Africa Oil & Gas: Total sells Gabon stakes in deals worth $350M

Total (NYSE:TOT) agrees to sell stakes and transfer operatorship in several fields offshore Gabon to Perenco in transactions valued at ~$350M.

The deal includes the sale of TOT’s 100%-owned affiliate Total Participations Petrolières Gabon, which holds interests in 10 fields, as well as the sale of interests in five fields and the Rabi-Coucal-Cap Lopez pipeline network.

The production divested represents ~13 bbl/day.(Source: Oilpro)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s