Gabon: Total sells assets to Perenco

Total has rationalised its Gabon operations with an agreement for the sale of stakes and the transfer of operatorship in various mature assets to Perenco. The agreement includes the sale of Total’s 100%-owned affiliate Total Participations Petrolières Gabon, which holds interests in ten fields. In addition, Total Gabon, in which Total holds 58.28%, has announced the sale of its interests in five fields and the Rabi-Coucal-Cap Lopez pipeline network. The total value of the transactions is around $350m before adjustments, and the production divested by Total represents around 13,000 b/d.