LA DEFENSE (dpa-AFX) - Total said it is pursuing the divestments of several non-core assets in both Exploration-Production (Brunei) and Marketing & Services (Sierra Leone and Liberia). These divestments represent a global value of more than $400 million.
Total has closed the sale to Shell of its wholly owned subsidiary Total E&P Deep Offshore Borneo BV, which holds an 86.95% interest in Block CA1.
Total said it has signed an agreement to sell its marketing and services businesses in Liberia and Sierra Leone to Conex Oil & Gas Holdings Ltd.
The sale of the two affiliates is expected to be completed in the second quarter of 2020.
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