- 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 …