TotalEnergies has joined the list of international oil corporations wanting to exit Nigeria’s troubled onshore oil fields, a decision that will further impact Nigeria’s dwindling oil revenue, IgbereTV reports
On Thursday, it was reported that the French energy giant announced it will put up for sale its minority stake in a Nigerian oil joint venture.
What this means is that TotalEnergies will no longer be part of the exploration and production of crude oil in the onshore Niger Delta.
Just like Shell, ExxonMobil , Total Energies also wants to focus on deep-water fields away from the difficulties of operating in close proximity to local communities.
Exxon Mobil Corp. agreed in February to sell some of its Nigerian assets to Seplat Energy Plc for at least $1.28 billion
