Announced
Financials
Tags
Oil Refining and Marketing
Friendly
Pending
Single Bidder
Private
Acquisition
Domestic
Angola
offshore oil
Infrastructure
Majority
Synopsis
Somoil, a distributor of crude oil, agreed to acquire Block 14, a offshore oil refining platform, from TotalEnergies, a broad energy company, and Inpex, an energy company, for $830m. "By divesting this interest in mature fields, TotalEnergies is implementing its strategy to highgrade its oil portfolio, focusing on assets with low costs and low emissions," Henri-Max Ndong-Nzue, TotalEnergies Senior Vice President.
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