Total to sell Cameroon interest to Perenco

Total says it has an agreement in principle to sell its 75.8% interest in Total E&P Cameroun to Perenco.

Offshore staff

PARIS – Total says it has an agreement in principle to sell its 75.8% interest in Total E&P Cameroun to Perenco. The operation produces 40,000 b/d of oil.

The agreement is subject to Cameroonian official sanction. Other partners in Total E&P Cameroun are Société National des Hydrocarbures, 20% and Paris Orléans – Groupe Rotchshild, 4.2%.

11/10/2010

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