TotalEnergies Reacts to Report of Leaving Nigeria After Selling Companys Share [Video]

• TotalEnergies has stated that it will not be leaving the Niger Delta after its recent $860 million deal with Chappal Energies
• The company’s country communication manager clarified that SPDC JV is an unincorporated joint venture between different companies
• He also explained that the company will give Chappal Energies its 10% participation interest in the remaining three SPDC JV licenses

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

With its $860 million sale and purchase agreement (SPA) with Chappal Energies, TotalEnergies has declared that it will not be departing the Niger Delta.

This occured after TotalEnergies EP Nigeria, a subsidiary of the parent business, signed a SPA with Chappal Energies to sell its 10% stake in the SPDC JV licenses in Nigeria.

Dr. Charles Ebereonwu, country communication …