(AOF) – The oil group Maurel et Prom confirms having successfully finalized the acquisition of Wentworth Resources Plc announced on December 5, 2022. Following the finalization of the Acquisition, M&P’s share in the Mnazi Bay assets increased from 48.06% to 80%, with TPDC holding the remaining 20%. TPDC, in accordance with the agreement signed with M&P, now has one month to exercise its call option to increase its stake from 20% to 40%. The resulting shares in the Mnazi Bay assets would be 60% for M&P and 40% for TPDC.
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Biogas to green activities
Obtained through the decomposition of waste, it falls into the category of green energy. It is part of the strategy of many countries, particularly in Europe, to reduce their dependence on hydrocarbon imports. Oil groups have strong ambitions in the field, as two recent operations reveal. The British BP took over the American Archaea Energy for 4.1 billion dollars. Then, the Anglo-Dutch Shell announced the acquisition of the Danish Nature Energy for $2 billion. These operations display high valuation levels, highlighting the strong potential of the sector. TotalEnergies had already taken a stake in the American Clean Energy Fuels Corp in 2018, of which it now holds 19%. It recently joined forces with Veolia to recover biomethane from waste treatment facilities.