Core 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]

Core 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 discussions regarding global exploration opportunities [1] Group 1: Transaction Details - The transaction involves the PPL 2000 and PPL 2001 exploration licenses located in Nigeria's high-yield Niger Delta basin [1] - After the transaction, TotalEnergies will continue to operate the projects and retain a 40% stake, while Chevron and South Atlantic Petroleum will hold 40% and 20%, respectively [1] Group 2: Strategic Implications - This joint venture represents a deepening of 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 expanding cooperation [1] Group 3: Regional Significance - Nigeria, as Africa's largest oil producer, is a key contributor to TotalEnergies' global oil and gas output, with projected production of 209,000 barrels of oil equivalent per day in 2024 [1] - The joint venture aims to reduce local oil and gas development risks and uncover growth opportunities, aligning with Nigeria's national development goals [1]