Welligence Congo-Brazzaville | Trident Energy enters Congo after three-pronged deal-making with Chevron and TotalEnergies
April 26, 2024
On 24th April 2024, Trident Energy announced separate, but inter-connected, deals with Chevron and TotalEnergies that will see the mature-field specialist enter Congo-Brazzaville. Upon completion, Trident Energy will acquire the 53.5% stake and operatorship of the N’Kossa and Nsoko II fields. It will also acquire Chevron Overseas (Congo) Ltd, and its 15.75% operated share of the Lianzi field and 31.5% non-operated interests in the Moho Bilondo, N’Kossa and Nsoko II fields. As part of the deal with TotalEnergies, Trident Energy will divest 10% of its equity in Moho Bilondo to the Major.