{"id":8725,"date":"2020-07-30T13:09:16","date_gmt":"2020-07-30T13:09:16","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=8725"},"modified":"2020-07-30T13:09:16","modified_gmt":"2020-07-30T13:09:16","slug":"gabon-total-divests-its-portfolio-of-mature-non-operated-assets","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/gabon-total-divests-its-portfolio-of-mature-non-operated-assets\/","title":{"rendered":"GABON: Total Divests Its Portfolio Of Mature Non-Operated Assets"},"content":{"rendered":"

Total has announced that its 58% owned affiliate Total Gabon has signed an agreement with Perenco to divest its interests in seven mature non-operated offshore fields, along with its interests and operatorship in the Cap Lopez oil terminal.<\/p>\n

The price to be paid by Perenco will be between $290 million and $350 million, depending on future Brent prices. The production divested by Total Gabon amounted to approximately 8,000 SEC barrels of oil per day in 2019.<\/p>\n

“This transaction demonstrates our ability to high grade Total E&P’s portfolio by monetizing mature fields with high breakeven point,” commented Arnaud Breuillac, President Exploration & Production at Total. \u201cWe remain fully committed to Gabon through our operated production clusters at Anguille-Mandji and Torpille-Baudroie-M\u00e9rou, where we continue to maximize value for all stakeholders.\u201d<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
 <\/td>\n<\/tr>\n
List of assets included in the transaction<\/td>\n<\/tr>\n
Area<\/td>\nField<\/td>\nTotal Gabon\u2019s Interests<\/td>\nTotal Gabon’s interest after the transaction<\/td>\nOperator<\/td>\n<\/tr>\n
 <\/p>\n

 <\/p>\n

Grondin<\/td>\n

Grondin<\/td>\n65,275 %<\/td>\n0 %<\/td>\n <\/p>\n

 <\/p>\n

 <\/p>\n

Perenco Oil & Gas Gabon<\/td>\n<\/tr>\n

Gonelle<\/td>\n65,275 %<\/td>\n0 %<\/td>\n<\/tr>\n
Barbier<\/td>\n65,275 %<\/td>\n0 %<\/td>\n<\/tr>\n
Mandaros<\/td>\n65,275 %<\/td>\n0 %<\/td>\n<\/tr>\n
 <\/p>\n

Torpille<\/td>\n

Girelle<\/td>\n65,275 %<\/td>\n0 %<\/td>\n<\/tr>\n
Pageau<\/td>\n65,275 %<\/td>\n0 %<\/td>\n<\/tr>\n
Hylia<\/td>\n37,5 %<\/td>\n0 %<\/td>\n<\/tr>\n
Cap Lopez oil terminal<\/td>\n100 %<\/td>\n0 %<\/td>\nTotal Gabon<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The transaction remains subject to approval by the Gabonese authorities.<\/p>\n

Total has been operating in Gabon for more than 90 years and is a major player in the country\u2019s upstream and downstream businesses. In 2019, Total Gabon\u2019s SEC production came to around 33,000 barrels of oil equivalent per day.<\/p>\n","protected":false},"excerpt":{"rendered":"

Total has announced that its 58% owned affiliate Total Gabon has signed an agreement with Perenco to divest its interests in seven mature non-operated offshore fields, along with its interests … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":8726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7447,7442,11],"tags":[8022,8018,944,8024,8021,8020,8026,8023,8025,1990,8019,2533],"class_list":["post-8725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-central-africa","category-countries","category-top-news","tag-barbier","tag-cap-lopez-oil-terminal","tag-gabon","tag-girelle","tag-gonelle","tag-grondin","tag-hylia","tag-mandaros","tag-pageau","tag-perenco","tag-torpille","tag-total","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Gabon-Total.jpg?fit=1110%2C740&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2gJ","jetpack-related-posts":[{"id":11358,"url":"https:\/\/www.oilnewskenya.com\/index.php\/gabon-totalenergies-finalizes-the-divestment-of-interests-in-the-cap-lopez-terminal\/","url_meta":{"origin":8725,"position":0},"title":"GABON: TotalEnergies Finalizes the Divestment of Interests in the Cap Lopez Terminal","author":"","date":"December 9, 2021","format":false,"excerpt":"After receiving the approval of Gabonese authorities, TotalEnergies announces the closing of its agreement to divest to Perenco Oil and Gas Gabon the Cap Lopez Terminal and non-operated assets of its 58%-owned affiliate TotalEnergies EP Gabon. With this transaction, in an amount of $350 million before final adjustment, TotalEnergies EP\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Gabon-Total-Gabon-petrole.jpg?fit=960%2C540&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Gabon-Total-Gabon-petrole.jpg?fit=960%2C540&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Gabon-Total-Gabon-petrole.jpg?fit=960%2C540&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Gabon-Total-Gabon-petrole.jpg?fit=960%2C540&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":15018,"url":"https:\/\/www.oilnewskenya.com\/index.php\/gabon-dixstone-awarded-the-construction-procurement-and-integration-of-cap-lopez-lng-project\/","url_meta":{"origin":8725,"position":1},"title":"GABON: Dixstone Awarded the Construction, Procurement and Integration of Cap Lopez LNG Project","author":"","date":"May 12, 2025","format":false,"excerpt":"Dixstone has been awarded the Construction, Procurement and Integration of their new LNG Project in Cap Lopez, GABON This project is a nearshore type LNG facilities that will produce 0,7 MTPA of LNG and 25,000 tons of LPG per year (phase 1) with a storage capacity of 137,000m3 in an\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/05\/GABON-FLNG.webp?fit=814%2C711&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/05\/GABON-FLNG.webp?fit=814%2C711&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/05\/GABON-FLNG.webp?fit=814%2C711&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/05\/GABON-FLNG.webp?fit=814%2C711&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":13939,"url":"https:\/\/www.oilnewskenya.com\/index.php\/gabon-operations-unaffected-by-political-crisis-tullow-oil\/","url_meta":{"origin":8725,"position":2},"title":"GABON: Operations Unaffected by Political Crisis – Tullow Oil","author":"","date":"September 13, 2023","format":false,"excerpt":"Tullow Oil has reported that its production activities from its fields in Gabon remains unaffected by the ongoing political activity in the country and the Group continues to work closely with the operators of its fields to ensure the safe continuation of operations. 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