Total sells its 15% interest in Block 15/06 to Sonangol (Scandinavian Oil-Gas Magazine)

Total sells its 15% interest in Block 15/06 to Sonangol

Published Feb 5, 2014

Total announces the sale of its 15% participating interest in the offshore Angola Block 15/06 to Sonangol E&P.

The transaction is valued at 750 million dollars and remains subject to customary approvals.

'The sale of our interest in Block 15/06 is in line with Total's global strategy to actively manage its portfolio and focus its investment capability on core assets in which it has more material interests, such as Block 17 with the CLOV project currently under development and the future development of Kaombo on Block 32 in Angola' said Jacques Marraud des Grottes, Senior Vice-President Africa at Total's Exploration and Production.

Tags: Total

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