Does Trident Energy own Chevron Overseas (Congo) limited?

Trident Energy announced today that it has signed an agreement with Chevron Corporation (NYSE: CVX) to acquire the entire issued share capital of Chevron Overseas (Congo) Limited which holds a 31.5% non-operated working interest in the Moho-Bilondo, Nkossa, Nsoko II fields and a 15.75% operated interest in the Lianzi field.

When did Trident Energy enter the Republic of Congo?

Starting respectively in 1996 and 2006, they are mature oil fields currently producing a combined 15,000 boed (100%). Jean-Michel Jacoulot, Chief Executive of Trident Energy ML said, “We are delighted to announce the signing of these transactions and enter the Republic of Congo.

Does Trident Energy own Nkossa & Nsoko?

In addition, Trident Energy has signed multiple agreements with TotalEnergies (ENXTPA: TTE) to simultaneously acquire an additional 53.5% working interest in the Nkossa and Nsoko II fields from TotalEnergies and divest a 10% working interest in the Moho-Bilondo field to TotalEnergies.

Does Trident Energy own Moho-Bilondo?

Trident Energy will also retain a 21.5% working interest in the Moho–Bilondo field, operated by TotalEnergies. According to TotalEnergies, Moho is a deep-offshore field 80 km offshore Pointe Noire and operated by TotalEnergies EP Congo. Production increased significantly in 2017 with the startup of the Moho Nord project.

Who is Trident Energy?

Trident Energy is one of the industry’s most experienced teams in the science of operating and redeveloping mid-life oil and gas assets.

Is totalenergies a long-term partner of the Republic of Congo?

“As a long-term partner of the Republic of Congo, TotalEnergies remains fully committed to the country through our increased stake and operatorship in Moho field, and is preparing for the drilling of an exploration well on the Marine XX license before summer 2024.”