International oil and gas company Trident Energy signed agreements with majors Chevron and TotalEnergies to acquire interests in operational fields within the Republic of Congo.
Trident Energy will gain a 31.5% non-operating stake held by Chevron in the Moho-Bilondo, Nkossa, and Nsoko II fields. Additionally, it will acquire a 15.75% operated interest in the Lianzi field from Chevron.
Trident Energy’s agreements with TotalEnergies include the acquisition of an additional 53.5% working interest in the Nkossa and Nsoko II fields, increasing its total stake in these fields to 85% to take on the role of project operator. Trident Energy will also acquire a 15.75% working interest in the Lianzi field from TotalEnergies, becoming the field’s operator.
Jean-Michel Jacoulot, Chief Executive of Trident Energy said: “The transaction aligns with our strategy to acquire and operate high quality assets in a safe, efficient and responsible manner,” stating “Building on our continued successes in Equatorial Guinea and Brazil, we are excited to unlock further value and create opportunities.”
The acquisition deals are expected to be approved by relevant authorities by the end of Q4 – 2024.