Gabon: Total takes Mitsubishi’s Baudroie-Mérou stake
Issue 345
- 05 May 2017
| 1 minute read
Total Gabon has exercised its pre-emption right to acquire the 50% interest in the Baudroie-Mérou licence held by Mitsubishi Petroleum Development Company (MPDC). Total Gabon owns the remaining 50% interest and at completion of the transaction will become 100% owner and operator of the licence. Total said the transaction had a value of $40m and was subject to approval by the authorities.
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