On 31 July 2018, industry sources reported that Assala Energy Holdings Ltd (Assala) had acquired Total Gabon S.A. 32.924% interest in the Rabi-Kounga PSA.  The transaction represents a value of USD100 million and is subject toGovernment of Gabon approval.  Assala will operate the Rabi-Kounga permit with a 85.424% interest and partner Perenco holds the remaining 14.576% interest.   Background information  On 1 November 2017, Shell Gabon finalised the sale of 100% of its onshore assets in Gabon to Assala Energy Holdings Ltd. Shell onshore assets include five operated fields namely Toucan/Robin, Koula/Damier, Rabi-Kounga and Gamba Ivinga, Bende/MâBassou/Totou, four non-operated fields (Atora, Avocette/MâBoukou, Coucal, and Tsiengui) and the infrastructures associated to the onshore pipeline system from Rabi to Gamba and the Gamba Southern export terminal.   Shell was the operator of the Rabi-Kounga permit with a 52.5% interest with partners Total Gabon S.A. (32.924%) and Total Participations Petrolieres Gabon (14.576%).  On 31 October 2017, Total SA closed the sale its 100% owned subsidiary, Total Participations PetroliÃ¨res Gabon (TPPG) assets, and the transfer of operatorship to Perenco. In addition, the company sold interest in few other matures fields.
On 31 July 2018, industry sources reported that Assala Energy Holdings Ltd (Assala) had acquired Total Gabon S.A. 32.924% interest in the Rabi-Kounga PSA. The transaction represents a value of USD100 million 