Total Closes Sale of Brunei Interest to Shell; Divests Assets in Liberia, Sierra Leone
2020年4月7日 - 4:13PM
Dow Jones News
By Giulia Petroni
Total SA said Tuesday that it has closed the sale of its
interest in offshore Brunei to Royal Dutch Shell PLC and that it
would divest assets in Liberia and Sierra Leone to Conex Oil &
Gas Holdings Ltd.
The French oil-and-gas major said it has received approval from
authorities to complete the sale of its wholly owned subsidiary
Total E&P Deep Offshore Borneo BV, which holds a 86.95%
interest in Block CA1, to the British-Dutch oil company.
Total also said it has signed an agreement to sell its marketing
and services business in Liberia and Sierra Leone--a network of 63
service stations, general trade fuel sales and petroleum products
import and storage operations--to a regional player. The sale is
expected to be completed in the second quarter of the year, it
added.
The French oil-and-gas major said the divestments represent a
global value of more than $400 million and are in line with its
goal to divest $5 billion in the 2019-20 period.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
April 07, 2020 02:58 ET (06:58 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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