TotalEnergies EP Gabon: two agreements signed with the State
(CercleFinance.com) - TotalEnergies EP Gabon, a 58.
3% subsidiary of TotalEnergies, unveils that it has signed an agreement with the Gabonese Republic rearranging certain provisions of the establishment contract, the duration of which is extended until 2024.
The company has also entered into a new 25-year production sharing contract (PSC) with Gabon, the holder of a quarter of its capital, for the Baudroie-Mérou Marine G5-143 permit until 2047.
Its president Henri-Max Ndong-Nzue said that they are pursuing their investments to reduce greenhouse gas emissions, in particular by valorising the associated gas and continuing to take action to support their production.
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