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TotalEnergies to sell Bonga field interest for $510 million
9:13 CAT | 29 May 2025
File photo: Reuters
French oil major TotalEnergies on Thursday announced selling its participation in the Bonga oil field to a subsidiary of Shell in Nigeria.
TotalEnergies EP Nigeria will divest its non-operated 12.5% interest for $510 million, the group said in a statement.
“TotalEnergies continues (…) to focus on assets with low technical costs and low emissions, and to lower its cash breakeven” said Nicolas Terraz, President Exploration & Production at TotalEnergies.
Source: Reuters
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