Appleby advises a consortium of lenders on a financing to enable Trident Energy aid significant developments in the Democratic Republic of Congo in the NSOKO II & Lianzi fields

As a result of this financing, the Trident Group will thereby acquire the 31.5% shareholding which Chevron Overseas (Congo) Limited holds in the Moho-Bilondo, Nkossa, Nsoko II fields as well as a 15.75% operated interest in the Lianzi field in the Democratic Republic of Congo.

The deal forms part of the wider project of Trident Energy to hold an 85% working interest in the Nkossa and Nsolo II fields through simultaneous agreements which it has entered into with TotalEnergies (ENXPTA:TTTE) to acquire 53.6% working interest in the Nkossa and Ksoko II fields from TotalEnergies and divest a 10% working interest in the Moho-Bilondo field to TotalEnergies. The completion of these transactions has the ultimate aim of enabling Trident Energy acquire the aforesaid 85% working interest.

Jean-Michel Jacoulot, Chief Executive of Trident Energy ML said: “We are delighted to announce the signing of these transactions and enter the Republic of Congo. We look forward to working with our new partners, SNPC and the Congolese Government. This deal represents an exciting new chapter in Trident Energy’s growth story and strengthens our presence and capabilities in Africa. The transaction aligns with our strategy to acquire and operate high quality assets in a safe, efficient and responsible manner. Building on our continued successes in Equatorial Guinea and Brazil, we are excited to unlock further value and create opportunities for our partners in the Republic of Congo, host communities and all our stakeholders.“

For more information about the deal please visit: Trident Energy enters the Republic of Congo with strategic deal | Trident Energy (https://www.trident-energy.com/news-and-media) .