TotalEnergies secures two new offshore permits in the West Delta basin
TotalEnergies has signed a production sharing agreement with South Atlantic Petroleum for two offshore exploration permits in Nigeria, covering a 2,000 square kilometre area with significant geological potential.
| Countries | France |
|---|---|
| Companies | Shell, TotalEnergies |
| Sector | Gaz, Pétrole, Exploration production, Exploration production |
| Theme | Investissements & Transactions, Investissement entreprise |
TotalEnergies has formalised the signing of a production sharing agreement in Nigeria for two offshore exploration blocks, identified as PPL 2000 and PPL 2001. Located in the West Delta basin, these permits cover a combined area of 2,000 square kilometres. The agreement was concluded with South Atlantic Petroleum, which holds a minority stake of 20%, while TotalEnergies retains a majority position of 80%.
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