TotalEnergies agrees Nigerian stake sale to support Egina South appraisal
TotalEnergies ($TTE) signed an agreement to sell a 40% interest in Nigeria’s offshore OPL257 block to South Atlantic Petroleum, known as SAPETRO. Following completion, TotalEnergies would retain a 50% operated interest, with SAPETRO holding 40% and Conoil 10%. The transaction remains subject to regulatory approval and other customary conditions. The announcement did not disclose a sale price or expected financial contribution. The partners plan an appraisal campaign in the coming months on the O
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