L
LequteMan
Guest
Nigeria- Total, in a bid to meet a $10 billion 2015 cash flow generation target has decided to put up it's Usan offshore oil field in Nigeria after a deal with China's Sinopec failed, BusinessDay reports.
Excerpt:
France’s Total SA, Europe’s second largest oil company, has put one of its offshore Nigerian oil fields up for sale again, the company said, after a 2012 deal with Sinopec Corp failed.
Total has hired BNP Paribas to find buyers for its Usan deepwater oil field located in the Nigeria Oil Prospecting Lease (OML) 138, which could be worth about $2.5 billion, according to sources familiar with the matter.
“We have selected an advisor to pursue the sale process of Usan,” a spokeswoman for Total said.
BNP Paribas declined to comment.
click here to read more
#Total #BusinessDay #Nigeria #Sinopec #Usan
Excerpt:
France’s Total SA, Europe’s second largest oil company, has put one of its offshore Nigerian oil fields up for sale again, the company said, after a 2012 deal with Sinopec Corp failed.
Total has hired BNP Paribas to find buyers for its Usan deepwater oil field located in the Nigeria Oil Prospecting Lease (OML) 138, which could be worth about $2.5 billion, according to sources familiar with the matter.
“We have selected an advisor to pursue the sale process of Usan,” a spokeswoman for Total said.
BNP Paribas declined to comment.
click here to read more
#Total #BusinessDay #Nigeria #Sinopec #Usan
