Advertisement
UK markets closed
  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     
  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     
  • CRUDE OIL

    82.82
    -0.54 (-0.65%)
     
  • GOLD FUTURES

    2,337.00
    -5.10 (-0.22%)
     
  • DOW

    38,359.56
    -144.13 (-0.37%)
     
  • Bitcoin GBP

    51,768.27
    -1,834.03 (-3.42%)
     
  • CMC Crypto 200

    1,398.80
    -25.30 (-1.78%)
     
  • NASDAQ Composite

    15,646.55
    -50.09 (-0.32%)
     
  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     

Total sells $539m Nigerian oilfield stake

LONDON (ShareCast) - French oil major Total (Swiss: FP.SW - news) has sold its stake in an onshore oilfield in Nigeria for $569 million, the company confirmed on Monday. Giving details, a spokesperson said the company had divested its holdings in OML 29 exploration block to Nigerian explorer Aiteo Eastern E&P.

The move is part of an ongoing asset sale programme initiated by the company last year. The latest sale brings Total's divestment in Nigeria to over $1 billion.