Sources reported in Libreville on Tuesday, Total Gabon signed an agreement with Assala Upstream Gabon SA for the sale of its entire 32.9% stake in the onshore field of Rabi-Kounga, located in southern Gabon at $ 100 million.
“In a context of volatile oil prices, the sale of our residual stake in Rabi-Kounga’s mature field is in line with Total Gabon’s strategic refocusing started in 2017, aimed at strengthening competitiveness and sustainability. of the company, said Guy Maurice, President of Total Gabon.
The simplification of the asset portfolio thus enables Total Gabon to mobilize its resources on fields operated offshore that offer more development potential in the medium term. ”
Total Gabon operates the sectors of Anguille-Ile Mandji and Torpille as well as the Cap Lopez oil terminal, with a 100% stake. The company also holds a 42.5% stake in Diaba’s deep-sea exploration license and an uncompleted 65.3% stake in the Grondin offshore sector.
Total Gabon’s capital amounts to 76,500,000 US dollars. It is divided into 4,500,000 shares of 17 US dollars each. This capital is divided between the Total Group through its subsidiary Elf Aquitaine (a 100% subsidiary of Total Group): 58.28%; the Gabonese Republic: 25% and the Public: 16.72%; Do you remember.
By Antoine Lawson
