Insight
TotalEnergies and Shell on divergent divestment paths in Nigeria
Report summary
TotalEnergies plan to divest its oil assets within the Shell JV reveals a divergent approach from Shell, which is exiting its JV business entirely. In previous deals, the IOCs in the JV acted in unison, selling their combined equity in selected assets. The French Major is holding onto OMLs 23 and 28, key gas suppliers to Nigeria LNG. But Shell's exit would leave it in key gas assets with at least 85% indigenous ownership. This report provides Wood Mackenzie's current valuation of the the proposed divestments and lays out how gas supply risks to NLNG will be mitigated.
Table of contents
-
Executive Summary
- TotalEnergies to offload its 10% in Shell JV assets
- What's for sale
- A new JV to emerge?
- Offshore gas increasingly important to NLNG
- Emissions
- What about Eni?
Tables and charts
This report includes 4 images and tables including:
- Gas supply to NLNG since 2020
- Offshore supply projects for NLNG
- Impact on Shell's portfolio
- Impact on TE's portfolio
What's included
This report contains:
Other reports you may be interested in
Insight
Corporate CCUS benchmarking 2024
Which oil and gas companies are embracing CCUS as part of their energy transition strategy?
$1,350
Country Report
Trinidad and Tobago upstream summary slides
To complement our more detailed Trinidad and Tobago upstream summary we provide a slide-pack of the key issues in country.
$2,700
Insight
Class of 2024: benchmarking this year's upstream FIDs
We benchmark the major oil and gas projects seeking FID in 2024 on economic and emission metrics.
$6,750