Oil major TotalEnergies announced that its Nigerian subsidiary signed a sale and purchase agreement (SPA) with Chappal Energies for the sale of its 10 per cent interest in the Shell Petroleum Development Company (SPDC) Joint Venture licences in Nigeria.
The company, in a statement Wednesday, said the transaction was concluded for a firm consideration of $860 million.
It noted that closing of the deal is subject to customary conditions, including regulatory approvals.
NigeriaDNA is a Direct News source that delivers the latest news, buzz, and stories from some of Nigeria’s most popular and trusted news websites. NigeriaDNA facilitates this by publishing headlines linking to breaking news and curated snippets from a diverse range of Nigerian credible, independent, and public-interest news sources. Our editors make it easy for Nigerians abroad and diaspora to discover top news stories in real-time as they're posted and directly linked to Nigeria's authoritative News Sources.
© 2024 All Rights Reserved | Curated and Powered by Nigeria DNA
