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TotalEnergies to sell its onshore Nigerian SPDC assets to new buyer
Reuters· 2026-01-14 08:18
Core Viewpoint - TotalEnergies has agreed to sell its 10% non-operated stake in the Nigerian onshore oil asset SPDC, now known as Renaissance JV, to Vaaris after a previous unsuccessful sale attempt to Chappal Energies [1] Company Summary - TotalEnergies is divesting its stake in the Nigerian oil asset, indicating a strategic shift or reallocation of resources [1] - The sale to Vaaris follows a failed attempt to sell the same stake to Mauritius-based Chappal Energies last year, highlighting challenges in the asset sale process [1]