29-05-2025
TotalEnergies to sell Bonga field interest for $510 million
May 29 (Reuters) - French oil major TotalEnergies ( opens new tab on Thursday announced selling its participation in the Bonga oil field to a subsidiary of Shell (SHEL.L), opens new tab 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.
