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)

Leave a Reply

Please log in using one of these methods to post your comment: Logo

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

Google+ photo

You are commenting using your Google+ 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 )


Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.