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TotalEnergies Secures Offshore Exploration Permits in Nigeria

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TotalEnergies Secures Offshore Exploration Permits in Nigeria

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TotalEnergies SE ( (FR:TTE) ) has shared an update.

TotalEnergies, in partnership with South Atlantic Petroleum, has secured two offshore exploration permits in Nigeria’s West Delta basin, marking the first time in over a decade that an international company has been awarded such licenses in the country. This strategic move aligns with TotalEnergies’ goal of enhancing its exploration portfolio with high-impact, low-cost, and low-emission prospects, potentially strengthening its market position and fostering long-term partnerships in Nigeria.

More about TotalEnergies SE

TotalEnergies is a global integrated energy company that produces and markets a diverse range of energies, including oil, biofuels, natural gas, biogas, low-carbon hydrogen, renewables, and electricity. With a workforce of over 100,000 employees, the company operates in approximately 120 countries and is committed to providing reliable, affordable, and sustainable energy solutions. In Nigeria, TotalEnergies has been active for over 60 years, contributing significantly to the country’s hydrocarbon production and operating an extensive distribution network.

For a thorough assessment of TTE stock, go to TipRanks’ Stock Analysis page.

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