TotalEnergies Sells 40% Stake in Nigerian Offshore Licenses to Chevron
TotalEnergies has announced the sale of a 40% stake in two offshore exploration licenses in Nigeria to Chevron, aiming to deepen cooperation between the two multinational energy companies. Nicola Mavilla, TotalEnergies' Senior Vice President of Exploration, highlighted the partnership's goal to derisk and develop new opportunities in Nigeria's West Delta Basin.
TotalEnergies will retain operatorship of 40%, while Chevron will hold another 40% and South Atlantic Petroleum will maintain its 20% stake. This move is part of TotalEnergies' ongoing efforts to streamline its African portfolio and focus on assets that serve its operations and seek new supply sources.
Plus234Feed summary based on reporting from Politics Nigeria. Read the original report below.
Read full article
Continue on Politics Nigeria
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
TotalEnergies Sells 40% Stake in Nigerian Offshore License to Chevron, Nigeria's Economy Shows Signs of Recovery
TotalEnergies Resolves Dispute with Zebbra Energy, Secures New Blocks in Nigeria
TotalEnergies Signals Interest in Nigeria's 2025 Licensing Round After Winning Oil Blocks
TotalEnergies ordered to pay NNPC $285.2 million in oil payment dispute victory
Heirs Energy Acquires 20.07% Stake in Seplat Energy for $500 Million
TotalEnergies to Sell 40% of Nigerian Assets to Chevron in Strategic Move
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
