French oil group Total sells some Gabon assets to Perenco

TotalEnergies EP Gabon

30/07/2020 07:45

PARIS, July 30 (Reuters) - French oil group Total  TOTF.PA 
said its 58%-owned affiliate Total Gabon had agreed to sell its
stakes in seven oil fields off the coast of Gabon, as well as
stakes in the Cap Lopez oil terminal, to rival Perenco.
    Total added on Thursday that Perenco will pay between $290
million and $350 million for those assets, depending on future
Brent prices. It said it remained committed to Gabon.

 (Reporting by Sudip Kar-Gupta. Editing by Carmel Crimmins)
 ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))