Trident Energy, an international player in the oil and gas industry, has finalized agreements with major companies Chevron and TotalEnergies to acquire interests in operational fields located within the Republic of Congo.
Under the terms of the agreements, Trident Energy will acquire a 31.5% non-operating stake in the Moho-Bilondo, Nkossa, and Nsoko II fields from Chevron. Additionally, it will obtain a 15.75% operated interest in the Lianzi field, also from Chevron.
In separate deals with TotalEnergies, Trident Energy will increase its working interest in the Nkossa and Nsoko II fields by 53.5%, bringing its total stake in these fields to 85%.
This move positions Trident Energy as the project operator for these assets. Furthermore, Trident Energy will acquire a 15.75% working interest in the Lianzi field from TotalEnergies, thereby becoming the field’s operator.
Jean-Michel Jacoulot, Chief Executive Officer of Trident Energy, expressed enthusiasm about the transactions, stating that they are in line with the company’s strategic objectives.
He emphasized Trident Energy’s commitment to operating assets safely, efficiently, and responsibly, building upon its successful track record in Equatorial Guinea and Brazil.
Pending approval from relevant regulatory authorities, the acquisition deals are anticipated to be finalized by the end of the fourth quarter of 2024.
