National News

TotalEnergies Divests its interest in SPDC JV

By NOG Editorial Team July 18, 2024 5 min read
TotalEnergies Divests its interest in SPDC JV

……retaining interest in gas supply to Nigeria LNG

TotalEnergies announces that its subsidiary TotalEnergies EP Nigeria signed a sale and purchase agreement (SPA) with Chappal Energies for the sale of its 10% interest in the SPDC JV licenses in Nigeria.

SPDC JV is an unincorporated joint venture between Nigerian National Petroleum Corporation Ltd (55%), Shell Petroleum Development Company of Nigeria (30%, operator), TotalEnergies EP Nigeria (10%) and NAOC (5%), which holds 18 licenses in the Niger Delta.

Category: National News
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