TotalEnergies Sells 40% Stake in Nigerian Offshore Project to Chevron

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TotalEnergies is selling a 40% stake in two Nigerian offshore exploration licenses to Chevron, while remaining operator with a 40% participation, as part of a global exploration opportunity discussion between the two companies.

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Market impact analysis based on neutral sentiment with 70% confidence.

المشاعر
Neutral
ثقة الذكاء الاصطناعي
70%

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TotalEnergies will sell a 40% stake in two exploration licenses offshore Nigeria to Chevron, as part of an ongoing discussion of global exploration opportunities between the two companies, the French supermajor said on Monday. TotalEnergies is selling stakes in the PPL 2000 and 2001 licenses in the prolific West Delta basin offshore Nigeria, while it will remain operator with a 40% participation alongside Chevron with 40% and South Atlantic Petroleum with a 20% interest. The new joint venture reinforces TotalEnergies’…

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