TotalEnergies (TTE) Expands Nigerian Presence With New Offshore Licenses

Group 1 - TotalEnergies SE ranks among the best-performing European stocks to invest in [1] - TotalEnergies SE and South Atlantic Petroleum signed a Production Sharing Contract for two offshore exploration licenses in Nigeria, covering approximately 2,000 square kilometers in the West Delta basin [1][2] - Nigeria has contributed roughly 209,000 barrels of oil equivalent per day to TotalEnergies' hydrocarbon output in 2024 [2] Group 2 - The recently purchased blocks in Nigeria are described as "promising" with "drill-ready and high impact prospects" [2] - TotalEnergies will own and operate 80% of the blocks, while South Atlantic Petroleum will hold the remaining 20% [2] - TotalEnergies SE is a global integrated energy company involved in electricity, renewable energy, oil, biofuels, natural gas, and green gases [3]