Meet The Nigerians Behind Chappal Energies Which Acquired TotalEnergies Assets in Nigeria [Video]

• Another company is acquiring a minority stake in TotalEnegies assets in Nigeria
• The new company, Chappal Energies, is registered in Mauritius and has Nigerians manning key positions
• The company has said the acquisition would be financed by a syndicate of international banks and financial institutions

Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment, and the economy for over a decade.

Mauritius-based Chappel Energies has purchased a minority stake in TotalEnergies’s Nigerian onshore joint venture assets for $860 million.

The company’s latest acquisition includes an interest in 15 licenses producing mostly oil, which will produce about 14,000 barrels of oil daily in 2023.

Meet the owners of the company

The deal includes three more licenses producing major gas, accounting for 40% of TotalEnergies’ Nigeria LNG gas supply.

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Findings show that Chappal …