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6 FAQs about [Saint Barthélemy trident energy congo]
Does Trident Energy own Chevron Overseas (Congo) limited?
Trident Energy announced today that it has signed an agreement with Chevron Corporation (NYSE: CVX) to acquire the entire issued share capital of Chevron Overseas (Congo) Limited which holds a 31.5% non-operated working interest in the Moho-Bilondo, Nkossa, Nsoko II fields and a 15.75% operated interest in the Lianzi field.
What will Trident Energy buy from Chevron?
From Chevron, the company will acquire Chevron Overseas (Congo), which has a non-operated working stake of 31.5% in the Moho-Bilondo, Nkossa, Nsoko II fields. Trident Energy will also gain an operated stake of 15.75% in the Lianzi oil field, which is located in the offshore area between the Republic of Congo and Angola.
Does Trident Energy have a working interest in Nkossa & Nsoko II?
Upon completion of the transactions, Trident Energy will hold an 85% working interest in the Nkossa and Nsoko II fields, a 15.75% working interest in the Lianzi field and will take over the operation of these fields. Trident Energy will also retain a 21.5% working interest in the Moho–Bilondo field, operated by TotalEnergies.
When will Trident Energy ml enter the Republic of Congo?
Subject to approval from the relevant authorities, the transaction is anticipated to be completed by the end of Q4 2024. Jean-Michel Jacoulot, Chief Executive of Trident Energy ML said: “We are delighted to announce the signing of these transactions and enter the Republic of Congo.
Does Trident Energy own Lianzi oil?
Trident Energy will also gain an operated stake of 15.75% in the Lianzi oil field, which is located in the offshore area between the Republic of Congo and Angola. The deal is expected to be wrapped up by the end of Q4 2024, subject to approval from concerned authorities.
Does Trident Energy own the Moho licence?
Trident Energy will subsequently divest a 10% stake in the Moho licence to French energy major TotalEnergies. The deal is being executed with TotalEnergies EP Congo in which TotalEnergies has an ownership stake of 85%. As part of the agreement, TotalEnergies is offloading its stake of 53.5% in the Nkossa and Nsoko II licences to Trident Energy.
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