Core Insights - TotalEnergies has signed agreements to acquire an additional 50% interest in offshore exploration block OPL 257, increasing its ownership to 90% [1] - The transaction enhances TotalEnergies' position in Nigeria's deepwater oil sector, aligning with its strategy to focus on operated offshore and gas assets [2] - Conoil will acquire TotalEnergies' 40% stake in block OML 136 as part of the deal [3] Company Strategy - TotalEnergies aims to leverage existing infrastructure around the Egina field for cost-effective production growth [2] - An appraisal well on OPL 257 is planned for 2026 to assess potential tiebacks to the Egina Floating Production Storage and Offloading (FPSO) facility [4] - The company remains committed to Nigeria, emphasizing its long-term investment strategy to support the country's energy growth [4] Recent Developments - TotalEnergies has achieved several milestones in Nigeria, including the start-up of Akpo West in early 2024 and the Ubeta gas project reaching FID in mid-2024 [4] - The company produced 209,000 barrels of oil equivalent per day in Nigeria in 2024 [4] - New exploration entries in deepwater blocks PPL 2000 and 2001 are planned for 2025 [4]