TotalEnergies Agrees to Sell 40% Stake in Nigeria's OPL257 Block to SAPETRO

Bitget2026/10/30 07:56

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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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TotalEnergies SE published the original content used to generate this news brief via Business Wire (Ref. ID: 202610300356BIZWIRE_USPR_____20261029_BW556906) on October 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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TotalEnergies Agrees to Sell 40% Stake in Nigeria's OPL257 Block to SAPETRO

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