TotalEnergies SE Divests 12.5% Stake in Nigeria's Bonga Field to Shell Nigeria for $510 Million
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TotalEnergies SE has divested a 12.5% stake in Nigeria's Bonga field to Shell Nigeria for $510 million. The agreement involves the sale of TotalEnergies' non-operated interest in the OML118 Production Sharing Contract, which includes the Bonga and Bonga North fields. This move is part of TotalEnergies' strategy to focus on low-cost and low-emission assets while prioritizing its operated gas and offshore oil operations in Nigeria. The transaction is pending regulatory approvals.
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