Trident Energy Finalizes Congolese Oil Acquisitions

Oil and gas company Trident Energy has officially taken over energy major Chevron’s oil assets in the Republic of Congo.

The transfer, announced during a ceremony in Brazzaville on January 10 and overseen by Minister of Hydrocarbons Bruno Jean Richard Itoua, follows an international tender process initiated by Chevron two years ago. The acquisition includes Chevron’s entire capital and interests, covering key operating licenses such as Nkossa, Nsoko II, Moho Bilondo and Lianzi.

Didier Mutti, CEO of Trident Energy, highlighted the strategic importance of this acquisition, describing the Republic of Congo as the company’s third international base alongside assets in Equatorial Guinea and Brazil. “The fields we are acquiring hold immense potential, and there is still significant work to be done,” Mutti stated.

Trident Energy has committed to retaining Chevron’s workforce and contracts, ensuring a seamless transition. The newly acquired assets currently produce over 15,000 barrels per day.

In a parallel move, energy major TotalEnergies has sold its shares in the Nkossa and Nsoko II fields to Trident Energy, granting the company operational control of these mature fields. TotalEnergies has also secured a 10% stake in the Moho Bilondo permit from Trident, raising its total ownership in the field to 63.5%.

Minister Itoua stressed that “These fields remain highly productive, and we look forward to starting this collaboration.”