TotalEnergies to boost stake in Nigerian offshore oil exploration block

Core Insights - TotalEnergies has signed agreements with Conoil to acquire an additional 50% interest in oil exploration block OPL 257, increasing its total holding to 90% [1] Company Summary - The acquisition of the additional stake in OPL 257 signifies TotalEnergies' commitment to expanding its operations in Nigeria's oil sector [1] - This move enhances TotalEnergies' strategic position in the region, potentially leading to increased production and revenue [1]