Here is how Total Gabon is accelerating the refocusing of its activities

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The French major's subsidiary in Libreville has announced the sale of several of its holdings to Perenco, which will now operate the Cap Lopez oil terminal.

“Total Gabon has signed an agreement with Perenco Oil & Gas Gabon with a view to selling its interests in seven mature offshore fields (Grondin, Gonelle, Barbier, Mandaros, Girelle, Pageau and Hylia, editor's note), as well as its interests and role operator in the Cap Lopez oil terminal ”, according to the company's press release dated Thursday.

This terminal, located near Port-Gentil, was built in 1957 in order to "receive, store and evacuate both operated and non-operated oil productions" and its facilities "made it possible to evacuate nearly 70% of the total production of the Gabon in recent years ”specifies the company's website.

The transaction "allows Total Gabon on the one hand to concentrate on its main operated assets in order to make the most of them and on the other hand to ensure the sustainability of the Cap Lopez terminal by allowing the consolidation of the volumes of two major players in Gabon within a single terminal ”, according to Nicolas Terraz, chairman of the board of directors of Total Gabon and director of exploration and production of the group.

source: https: //www.jeuneafrique.com/1022960/economie/comment-total-gabon-accelere-le-recentrage-de-ses-activites/

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