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TotalEnergies Sells 40% Stake in Nigerian Offshore Project to Chevron
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Why This Matters
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.
Market Impact
Market impact analysis based on neutral sentiment with 70% confidence.
Sentiment
Neutral
AI Confidence
70%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
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’…
Original article published by
OilPrice.com
on December 1, 2025.
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