By Ejekwu Chidiebere
Energy Window International (Media) – TotalEnergies has just announced that its subsidiary TotalEnergies EP Nigeria (TEPNG) has completed the divestment of its 12.5% non-operated interest in the OML 118 Production Sharing Contract (PSC) to Shell Nigeria Exploration and Production Company Ltd (10%) and Nigerian Agip Exploration (2.5%) for an aggregated amount of USD 510 million.
For more than 60 years, TotalEnergies has been operating in Nigeria and employing more than 1,800 people across different business segments. Nigeria is one of the main contributing countries to its hydrocarbon production with 209,000 boe/d produced in 2024. It also operates an extensive distribution network which includes about 540 service stations in the country. According to the Company, In all its operations, it has particularly paid attention to the socio-economic development of the country and is committed to working with local communities.