(CercleFinance.com) – TotalEnergies announces that it has signed an agreement to sell, jointly with Inpex, their joint venture Angola Block 14 BV to the Angolan company Somoil, a transaction which remains subject to the approval of the Angolan authorities.
Angola Block 14 BV, owned by TotalEnergies Holdings International BV (50.01%) and Inpex Angola Block 14 Ltd (49.99%), holds a 20% stake in Block 14 in Angola and a 10% stake in the 14K block.
The French energy group specifies that these offshore blocks have been in production since 1999, and that the net production of Angola Block 14 BV was 9,000 barrels of oil equivalent per day last year.