France’s Total sells assets in Brunei, Sierra Leone, Liberia

PARIS – Total said on Tuesday it had sold assets in Brunei, Sierra Leone and Liberia, which the French energy group said represented a total value of more than $400 million.

In Brunei, Total said it had closed the sale of its wholly owned subsidiary Total E&P Deep Offshore Borneo BV to Shell, while it also signed a deal to sell its marketing and services businesses in Liberia and Sierra Leone to Conex Oil & Gas Holdings Ltd.

“In the current context of low oil prices, these transactions support the action plan announced to weather the crisis,” Total Chief Financial Officer Jean-Pierre Sbraire said. –  Reuters

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