Perenco S.A. agreed to acquire Interest in seven offshore oil fields in Gabon and in Cap Lopez oil terminal from Total Gabon (ENXTPA:EC) for approximately $350 million on July 30, 2020. Perenco S.A. will pay between $290 million and $350 million, depending on future Brent prices. As a part of transaction, Perenco S.A. will acquire 62.275% stake in Grondin, Gonelle, Barbier, Mandaros, Girelle and Pageau oil fields, 37.5% stake in Hylia oil field and 100% stake in Cap Lopez oil terminal. The transaction remains subject to approval by the Gabonese authorities and Gabonese government. Perenco S.A. completed the acquisition of Interest in seven offshore oil fields in Gabon and in Cap Lopez oil terminal from Total Gabon (ENXTPA:EC) on December 8, 2021. The transaction has been approved by the Gabonese authorities and Gabonese government.