“TOTALENERGIES STRIKES BIG: SECURES TWO OFFSHORE EXPLORATION PERMITS IN NIGERIA”
GREATRIBUBETVNEWS–TotalEnergies, a global integrated energy company, has been awarded two offshore exploration permits in Nigeria. The company, which will operate with an 80% stake, has signed a Production Sharing Contract (PSC) with South Atlantic Petroleum, holding the remaining 20%.
Key Highlights:
– Location: The permits, PPL 2000 and PPL 2001, cover approximately 2,000 square kilometers in the prolific West Delta basin.
– Work Program: The exploration plan includes drilling one firm exploration well.
– Strategic Move: TotalEnergies is the first international company to be awarded exploration licenses in Nigeria’s bid round in over a decade, marking a significant milestone in their long-term partnership.
Quote from Kevin McLachlan, Senior Vice-President Exploration at TotalEnergies:
“TotalEnergies is honored to be the first international company to be awarded exploration licenses in a bid round in Nigeria in more than a decade… These promising block captures are fully aligned with our strategy of strengthening our Exploration portfolio with drill-ready and high impact prospects.”
“TotalEnergies is honored to be the first international company to be awarded exploration licenses in a bid round in Nigeria in more than a decade, marking a new milestone in our long-term partnership with the country,” said Kevin McLachlan, Senior Vice-President Exploration at TotalEnergies. “These promising block captures are fully aligned with our strategy of strengthening our Exploration portfolio with drill-ready and high impact prospects, that have the potential for low-cost and low-emissions developments from new discoveries in our core areas of expertise.”
About TotalEnergies in Nigeria:
– Presence: TotalEnergies has been present in Nigeria for over 60 years.
– Employment: The company employs over 1,800 people across different business segments.
– Production: Nigeria contributes significantly to TotalEnergies’ hydrocarbon production, with 209,000 boe/d produced in 2024
About the Author
