Mozambique Resources Post

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)

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