Wednesday, March 13, 2013

TOTAL SA divesting from Trinidad & Tobago

France’s Total SA is entering the final stages of divesting its assets in Trinidad & Tobago to the National Gas Co. of Trinidad & Tobago Ltd. (NGC).

Total, the NGC, and sources at the twin-island nation’s Ministry of Energy all confirm that the deal is expected to be completed within the next few months. After closing, NGC will own Total’s 30 percent share of the Greater Angostura field, which lies in 40 meters of water on Block 2(c) about 40 km off the northeastern coast of

More details here...

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