By Emmanuel Tumanjong

Special to Dow Jones Newswires

Total SE has said it will continue to explore and exploit crude oil in Gabon, according to a statement released Friday by Vincent de Paul Massassa, the country's Minister of Mines and Hydrocarbons.

The move comes after the French energy major has made several divestments from the Gabonese oil industry. In July, Total said it would sell several of its interests in the country to Perenco Oil & Gas Gabon for $350 million.

Nicolas Terraz, CEO of Total Gabon, said the company's departure from Gabon was "not at all on the agenda."

"The government is happy to see Total continue its investments in Gabon and welcomes the commitment of the company's management, Mr. Massassa said.

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(END) Dow Jones Newswires

11-13-20 0505ET