Perenco acquires mature assets in Gabon from Total for US$350 million
In a US$350 million deal, Perenco acquired 12 mature oil fields and operatorship of a key export pipeline. The assets sit perfectly within Perenco's portfolio. As a mature asset specialist, Perenco can inject the required investment, reduce operating costs and unlock the value upside. Total has divested its non-core Gabonese assets but has strategically retained its high-value blocks held through Total Gabon, where it remains aligned with the government.