Trident Energy Completes Acquisition of Chevron and TotalEnergies Assets in Congo

UK-headquartered oil and gas company Trident Energy has finalized the acquisition of Chevron’s Congolese subsidiary and its assets in the country, along with a working interest in two fields from TotalEnergies off the coast of Congo.

With these transactions, Trident Energy now holds an 85% working interest in the Nkossa and Nsoko II fields and a 15.75% stake in the Lianzi field, with the company taking over as the operator of both. Additionally, Trident acquired a 21.5% interest in the Moho-Bilondo field, which is operated by TotalEnergies.

The acquisition, announced earlier in April 2024, is expected to boost Trident’s production by approximately 30,000 barrels of oil per day, a development that the company has described as “significant.”

CEO of Trident Energy ML, Jean-Michel Jacoulot, expressed excitement about the acquisition, stating, “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.”

Field Details

Nkossa and Nsoko II are mature oil fields located off the Congolese coast, with a combined production of 15 kboe/d. The Moho-Bilondo offshore block covers the Moho-Bilondo and Moho Nord fields in water depths ranging from 750 to 1200 meters. Moho Nord is the largest oil project in the Republic of the Congo, producing 140,000 barrels of oil per day.

The Lianzi field, brought online in 2015, is situated offshore the Angola province of Cabinda and is part of a unitized offshore zone shared between Angola and Congo.

Future Projects

TotalEnergies and Chevron are collaborating on Angola’s first non-associated gas project, the Quiluma and Maboqueiro (Q&M) field development project. Saipem, responsible for the engineering, procurement, and construction (EPC) portion, recently completed the installation of the Quiluma platform jacket.