Despite the divestment, TotalEnergies will retain ownership of the production share, ensuring access to associated infrastructure and pipelines essential for supplying gas to the Nigeria LNG plant.
Since February, the CEO of the French group has hinted at plans to divest its 10% stake in the Shell Petroleum Development Company of Nigeria Limited, citing various challenges the company faced, including oil spills, theft, and operational issues.
“This divestment…allows us to concentrate our onshore Nigeria operations solely on …” said Nicolas Terraz, President of Exploration & Production at TotalEnergies. READ MORE
Get every Post-UTM, Admission, List, JAMB, WAEC, NECO, and Schools Resumption Date, Breaking News on your WhatsApp Status Now - To join, click the links below.
Join Television Nigerian Whatsapp Now
Join Television Nigerian Facebook Now
Join Television Nigerian Twitter Now
Join Television Nigerian YouTUbe Now
Join Television Nigerian Whatsapp Now
Join Television Nigerian Facebook Now
Join Television Nigerian Twitter Now
Join Television Nigerian YouTUbe Now
