We are delighted with this agreement with Data4, which illustrates our ability to offer competitive and tailored electricity supply solutions to large industrial groups.
It targets about $3.5 billion in asset sales worldwide, from oil assets to stakes in renewable projects.
The blocks LB-6, LB-11, LB-17 and LB-29, covering an area of approximately 12,700 square kilometers, are located in the south of the Liberia Basin.
It also mandates decommissioning plans, environmental restoration, and development initiatives for host communities, all in line with the PIA.
The acquisition is still subject to standard conditions, including regulatory approvals.
TotalEnergies is also preparing to divest a 50% stake in almost 300 megawatts of recently built Spanish solar farms
The summit gave decision-makers a chance to discuss and delve into changes in demand, supply and trade of major fuels.
This increase is in line with the shareholder return policy announced by the Board of Directors in February 2025.
Ballymore will represent close to 30,000 boe/d net of cash-accretive production for TotalEnergies
The deal also gives TotalEnergies a team of hydropower development experts, strengthening its competencies in this field.
