Total Sells Stake in Gabon Field

Sunday, August 5, 2018

Total Gabon has sold its stake in the Rabi-Kounga field. The company held a 32.9% stake in the field that is located onshore in the southern region of Gabon.

According to reports the stake was purchased by Assala Upstream Gabon for an estimated $100 million.

The disposal of the stake is part of Total’s plans to simplify its portfolio.

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