TotalEnergies sells 40% of two Nigerian licences to Chevron in strategic deal
TotalEnergies restructures its stake in offshore licences PPL 2000 and PPL 2001 by bringing in Chevron at 40%, while retaining operatorship, as part of a broader refocus of its deepwater portfolio in Nigeria.
| Sector | Gaz, Pétrole, Exploration production, Exploration production |
|---|---|
| Theme | Investissements & Transactions, Partenariats commerciaux |
TotalEnergies has announced the sale of a 40% stake in its offshore exploration licences PPL 2000 and PPL 2001 to Chevron, through its subsidiary Star Deep Water Petroleum Limited. These two blocks, located in the West Delta offshore basin off the Nigerian coast, are now jointly held by TotalEnergies (40%, operator), Chevron (40%) and South Atlantic Petroleum (SAPETRO, 20%).
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