Total is seeking to sell stakes in a number of Angolan oilfields, in what is seen as an early sign of an expected wave of divestments by big energy companies from the West African country, industry sources said.
Total could raise around $300 million from the sale of its 20% stake in Angola’s offshore Block 14, which includes the Tombua-Landana, Kuito fields as well as a cluster of fields that make the BBLT project, the sources said.
Chevron operated Block 14 produced around 40,000 barrels of oil equivalent per day in 2019.
Total declined to comment.
Source: Reuters
