Seeking Alpha

Total (TOT) is selling its 20% stake and operating mandate of OML 138 block offshore...

Total (TOT) is selling its 20% stake and operating mandate of OML 138 block offshore Nigeria, containing the Usan field which started production in February, to a local unit of Sinopec (SNP) for $2.5B. The sale, along with others such as that of its TIGF gas storage unit, means TOT will have completed about half of the $15B-$20B of disposals it plans to make by 2015. TOT +1.4% premarket.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector