Deal Insight
Trident strikes double deal with Chevron and TotalEnergies to enter Congo
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Report summary
Chevron has agreed to sell its Congo upstream business to Trident Energy. The portfolio includes a 31.5% stake in the Moho-Bilondo, Nkossa and Nsoko fields, and a 15.75% stake in the Lianzi field. Chevron will retain a 15.5% interest in Lianzi held by Cabinda Gulf Oil Company, its Angola subsidiary (Lianzi is in a shared unitisation zone with Angola). In a separate but related deal, TotalEnergies EP Congo, owned by TotalEnergies (85%) and QatarEnergy (15%), has agreed to sell its 53.5% interest in the Nkossa and Nsoko fields to Trident Energy for a 10% stake in the Moho-Bilondo field. This will increase TotalEnergies stake in Moho-Bilondo to 63.5% and mark its exit from Nkossa and Nsoko.
Table of contents
- Executive summary
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Transaction details
- Chevron Overseas (Congo) – Trident Energy
- TotalEnergies EP Congo – Trident Energy
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Upstream assets
- Moho-Bilondo
- Nkossa and Nsoko
- Lianzi
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Deal analysis
- Chevron Overseas (Congo) – Trident Energy
- TotalEnergies EP Congo – Trident Energy
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Upsides and risks
- Moho-Bilondo
- Upside
- Risk
- Nkossa and Nsoko
- Upside
- Risk
- Lianzi
- Upside
- 1 more item(s)...
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Strategic rationale
- Chevron
- TotalEnergies
- Trident Energy
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
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Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2Transaction details: Table 1
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Transaction details: Table 2Transaction details: Table 3Upstream assets: Table 1Upstream assets: Table 2Upstream assets: Table 3Deal analysis: Table 1Deal analysis: Table 2Deal analysis: Table 3
What's included
This report contains:
