Total Gabon SA

12/08/2021 | Press release | Distributed by Public on 12/08/2021 01:58

TotalEnergies E&P Gabon Finalizes the Divestment of Interests in Non-operated Assets and the Cap Lopez Terminal

TotalEnergies E&P Gabon Finalizes the Divestment of Interests in Non-operated Assets and the Cap Lopez Terminal

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08 Dec 2021 08:51 CET

Company Name

TOTAL GABON

ISN

GA0000121459

Market

Euronext

Symbol

EC

Regulatory News:

After receiving the approval of Gabonese authorities, TotalEnergies announces the closing of its agreement to divest to Perenco Oil and Gas Gabon non-strategic assets.

With this transaction, in amount of $350 million before final adjustment, TotalEnergies E&P Gabon (Paris:EC) is divesting its interests in seven mature offshore fields operated by Perenco Oil and Gas Gabon, along with its interests and operatorship in the Cap Lopez oil terminal, to Perenco Oil and Gas Gabon. The divested assets' production stood at 8,400 barrels of oil equivalent per day for the first three quarters of 2021.

« This transaction is aligned with the company's strategic refocusing launched since 2017. We remain a fully committed oil industry player in Gabon. », commented Henri-Max NDONG NZUE, President of TotalEnergies E&P Gabon.

List of assets included in the transaction

Sector

Field

TotalEnergies E&P Gabon's
interest before the transaction

TotalEnergies E&P Gabon's
interest after the transaction

Grondin

Grondin

65,275%

0%

Gonelle

Barbier

Mandaros

Torpille

Girelle

Pageau

Hylia

37,500%

Cap Lopez oil terminal

100%

***

AboutTotalEnergies EP Gabon
TotalEnergies EP Gabon is owned 58.28% by the TotalEnergies SE, 25% by the Gabonese Republic and 16.72% by private sector investors.

About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.

@TotalEnergiesTotalEnergiesTotalEnergiesTotalEnergies

Cautionary Note
The terms "TotalEnergies", "TotalEnergies company" or "Company" in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words "we", "us" and "our" may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. TotalEnergies SE has no liability for the acts or omissions of these entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).

View source version on businesswire.com: https://www.businesswire.com/news/home/20211207006270/en/

TotalEnergies EP Gabon Contacts
[email protected]
Media Relations: +33 1 47 44 46 99 l [email protected] l @TotalEnergiesPR
Investor Relations: +33 (0)1 47 44 46 46 l[email protected]

Source

TOTAL GABON

Provider

BusinessWire