TotalEnergies Agrees to Sell 40% Stake in Nigeria's OPL257 Block to SAPETRO
Bitget2026/10/30 07:56- TotalEnergies signed an agreement to sell a 40% stake in Nigeria’s offshore OPL257 block to South Atlantic Petroleum (SAPETRO).
- Following completion, the operator will retain 50%; SAPETRO will hold 40%, while Conoil retains 10%.
- An appraisal campaign will begin in coming months to assess potential development of Egina South through existing infrastructure.
- The field could be tied back to the Egina floating production, storage and offloading vessel, approximately 30 kilometers away.
- Completion remains subject to regulatory approvals.
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