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TotalEnergies to sell 12.5% stake in OML118 to Shell for $510m

Posted on May 29, 2025

TotalEnergies EP Nigeria has agreed to sell its 12.5 percent stake in the OML118 Production Sharing Contract (PSC) to Shell Nigeria Exploration and Production Company Ltd for $510 million. The announcement was made by TotalEnergies on Thursday, outlining that the

The post TotalEnergies to sell 12.5% stake in OML118 to Shell for $510m appeared first on The Guardian Nigeria News – Nigeria and World News.

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