Shell strengthens position in Nigeria by acquiring TotalEnergies’ stake in Bonga
TotalEnergies sells its 12.5% stake in the offshore Bonga oil field to Shell for $510mn, raising the British group’s share to 67.5% in the OML 118 block off the Nigerian coast.
| Countries | France, Royaume-Uni |
|---|---|
| Companies | Shell, TotalEnergies, Eni |
| Sector | Pétrole |
| Theme | Investissements & Transactions, Investissement entreprise |
French energy group TotalEnergies has announced the sale of its non-operated 12.5% stake in the offshore Bonga oil field in Nigeria to the local subsidiary of British company Shell. The transaction is valued at $510mn (€452mn), according to a statement issued on May 29.
Comments
Sign in to leave a comment.