The leading international oil and gas company, Trident Energy, a key player in the energy sector, is set to achieve significant progress in the Republic of Congo through a groundbreaking agreement with Chevron Corporation. The deal entails the acquisition of Chevron Overseas (Congo) Limited, marking Trident Energy's entry into this promising market.

The acquisition includes a diverse portfolio of assets, including a 31.5% non-operated working interest in fields such as Moho-Bilondo, Nkossa, and Nsoko II, along with a 15.5% operated interest in the Lianzi field.

Moreover, Trident has signed agreements with TotalEnergies, enabling it to further promote its position by acquiring additional working interests in pivotal fields. Trident will divest a portion of its interests while strategically retaining operational control over key assets. This strategic maneuvering positions Trident with an 85% working interest in the Nkossa and Nsoko II fields, taking over as operator and consolidating its foothold in the region.

Beyond the commercial aspect, Trident's push into the Republic of Congo highlights its commitment to promoting partnerships with local stakeholders. By collaborating with SNPC and the Congolese Government, Trident aims to leverage its expertise to drive sustainable growth while adhering to stringent safety and environmental standards.

The acquisition completion is set for the last quarter of 2024.