Zhong Guo Hua Gong Bao·2025-12-05 03:00Core Viewpoint - TotalEnergies announced the sale of a 40% stake in two offshore exploration licenses in Nigeria to Chevron, marking a significant development in their ongoing global exploration collaboration [1] Group 1: Transaction Details - The transaction involves the PPL2000 and PPL2001 exploration licenses located in Nigeria's high-yield Niger Delta basin [1] - After the transaction, TotalEnergies will remain the operator of the projects with a 40% stake, while Chevron and South Atlantic Petroleum will hold 40% and 20%, respectively [1] Group 2: Strategic Implications - This joint venture represents an extension of the collaboration between TotalEnergies and Chevron in global offshore exploration [1] - In June, TotalEnergies acquired a 25% working interest in 40 offshore operational blocks from Chevron in the U.S., indicating a trend of deepening cooperation [1] Group 3: Market Context - Nigeria is the largest oil producer in Africa and is a key contributor to TotalEnergies' global oil and gas output [1] - TotalEnergies expects to produce 209,000 barrels of oil equivalent per day from Nigeria in 2024, highlighting the importance of this market for the company [1]