Nigeria News

 

TotalEnergies Boosts Stake in Nigerian Offshore Exploration Block

Nov 19, 2025

TotalEnergies has signed agreements with Conoil to acquire a further 50% interest in oil exploration block OPL 257 from its Nigerian partner, bringing its holding to 90%, the French group said on Wednesday.The deal is part of efforts to consolidate TotalEnergies' position in Nigeria's offshore oil sector by leveraging existing infrastructure for cost-efficient growth.Conoil will retain a 10% stake after the deal…

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