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Radio France Internationale
Radio France Internationale
World
RFI

French energy major sells stake in Nigerian exploration blocks to Chevron

Chevron TotalEnergies Niger Nigeria Petroleum Oil United States
View of a Total Nigeria offshore oil and gas production platform at Amenam in the Niger delta 18 May 2005 (illustration) AFP/ Pius Utomi Ekpei

French energy group TotalEnergies announced on Monday that it had signed an agreement to sell a 40-percent stake in two Nigerian offshore exploration licences to Star Deep Water Petroleum Limited, a subsidiary of US oil major Chevron.

The sale concerns the PPL 2000 and PPL 2001 exploration areas, located in the prolific West Delta basin and covering a combined 2,000 square kilometres.

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