Total raises East Africa stake


Issue 353 - 15 Sep 2017 | 3 minute read

Total’s $7.45bn acquisition of Denmark’s Maersk Oil, announced on 21 August, is mostly aimed at consolidating Total’s position in the North Sea, but will also give the French company acreage in Kenya, Algeria and Angola. Maersk said Total would take over the company’s entire organisation, portfolio, obligations and rights “with minimal preconditions”. Planned development schedules and investments in strategic and sanctioned projects will be upheld.

Tagged with:

Pin Resources

Want to read more?

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register