By OGJ editors
HOUSTON, Nov. 10 – Perenco, Paris, will purchase Total of France’s 75.8% equity interest in Total E&P Cameroun, which produces 40,000 b/d including 8,000 b/d of equity production in Cameroon.
The deal is subject to approval by Cameroon authorities. Total will maintain its refining and oil products distribution in Cameroon.
The other shareholders in Total E&P Cameroun are Cameroon’s state Soc. Nationale des Hydrocarbures 20%, and Paris Orleans-Groupe Rotchshild 4.2%.
Perenco, a long-time participant in Cameroon, has developed new reserves off Kribi and is working on a project to enhance gas value.
Dreamstime | © Charles Montgomery.
Photo from SABIC Limburg BV.
