TotalEnergies (TTE) to Sell 10% Interest in Nigeria SPDC JV

TotalEnergies SE (TTE) announced that its subsidiary, TotalEnergies EP Nigeria, has signed a sale and purchase agreement with Chappal Energies for the sale of its 10% interest in the SPDC JV licenses in Nigeria. Details of the Deal TotalEnergies EP Nigeria will sell its 10% participating interest and all its rights and obligations in 15 licenses of SPDC JV, which is producing mainly oil, to Chappal Energies. In 2023, TTE's share of production from these licenses amounted to about 14,000 barrels equivalent p ...