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TotalEnergies Agrees to Sell 40% Stake in Nigeria Offshore Block

TotalEnergies has agreed to sell South Atlantic Petroleum a 40% stake in an offshore block in Nigeria.

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07:51:55 AM UTC
SquawkNews
TOTALENERGIES SE - À L'ISSUE DE CETTE TRANSACTION, DÉTIENDRA UNE PARTICIPATION OPÉRÉE DE 50% DANS LE
07:56:19 AM UTC
SquawkNews
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed a Farm-Out Agreement to sell to South Atlantic Petroleum Limited (“SAPETRO”) a 40% participating interest in offshore block OPL257, Nigeria. Upon completion of this transaction, TotalEnergies will hold a 50% operated interest in OPL257 along…

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