TotalEnergies EP Nigeria has signed a Sale and Purchase Agreement with Vaaris to sell its 10% non-operated interest in the Renaissance JV, which includes 15 licenses producing mainly oil. This divestment is expected to represent approximately 16,000 barrels equivalent per day in production by 2025. TotalEnergies will retain full economic interest in three gas-producing licenses that account for 50% of Nigeria LNG gas supply.
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