Trident Energy has acquired Chevron Overseas (Congo) in full, along with an increased stake in the Nkossa and Nsoko II fields from TotalEnergies.
The acquisition results in Trident Energy holding an 85% working interest in the Nkossa and Nsoko II fields and a 15.75% working interest in the Lianzi field.
Trident Energy will also become the operator of the fields. In addition, Trident Energy has acquired a 21.5% working interest in the Moho–Bilondo field, operated by TotalEnergies.
The acquisition, which was announced in April 2024, is expected to add around 30,000 bopd to the company.
“We are extremely pleased to have completed the acquisition, which marks a new chapter in our history. We are excited to enter the Republic of Congo, take over the operations, and deliver the full potential of these assets.
Jean-Michel Jacoulot, CEO of Trident Energy, expressed enthusiasm about collaborating with TotalEnergies Congo, the SNPC, and the Congolese government to maximize the value of the assets. He also thanked the Ministry of Hydrocarbons and the government for their support throughout the transaction.
African Energy Council