TotalEnergies signed a deal to sell its 12.5 percent stake in Nigeria's OML118, which contains the producing Bonga field, to Shell for $510 million. TotalEnergies SE has signed a deal to sell its ...

Shell boosts its stake in Nigeria's Bonga oilfield to 67.5% by acquiring TotalEnergies' 12.5% share for $510 million, reinforcing its deepwater investment strategy.

The company said on Thursday it agreed to sell its 12.5 per cent stake in the Bonga oilfield offshore Nigeria to Shell the field’s operator, for $510 million.

Shell has boosted its stake in the deepwater Bonga oil and gas field offshore Nigeria after agreeing to buy TotalEnergies' interest in the asset. Located in 1000 metres of water in Oil Mining ...

In separate statements, the two companies said that TotalEnergies is relinquishing its 12.5% stake in the Bonga field, raising Shell's share to 67.5%. With this move, ...

Situated 120km south of the Niger Delta, the OML 118 PSC contains the Bonga field at water depths of 1,000m. The OML 118 PSC predominantly produces oil, accounting for approximately 11,000 barrels ...

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Invest in African Energies has announced that Bola Ahmed Tinubu, President of the Federal Republic of Nigeria, will address ...

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In a separate transaction, TotalEnergies has consented to sell its 12.5% non-operated interest in the OML 118 production sharing contract (PSC), which includes the Bonga field, to Shell Nigeria ...