New Market Research Report: INPEX Angola to Acquire 9.99% Stake in Block 14 from Total to Increase Its Production Volume and Reserves in Middle East and Africa - Deal Analysis from GlobalData
INPEX Angola Block 14 Ltd., an affiliate of INPEX Corporation (INPEX), has agreed to acquire a 9.99% indirect interest in Block 14, offshore Angola, from Total S.A. (Total). Prior to the transaction, Total had a 20% stake in the block. Total intends to transfer its 20% stake in Block 14 to a newly-formed Total affiliate, Angola Block 14 B.V., in which INPEX will become a shareholder. Following the transaction, Total will own a 10.01% stake, while Cabinda Gulf Oil Company...
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