Nigeria: NNPC, TotalEnergies Sign PSC Agreement for Deepwater Blocks

TotalEnergies signs new Nigeria oil contract

Nigeria’s state oil company NNPC awarded two offshore oil blocks to TotalEnergies, deepening the French giant’s presence in the country. The move signals Nigeria’s interest in the continued operation of international oil companies in its oil and gas sector.The licenses cover an area of about 2,000 sq km and are the first to “comprehensively cover both crude oil and natural gas exploration and production,” NNPC said.Amid a rise in cases of theft …

Nigeria: NNPC, TotalEnergies Sign PSC Agreement for Deepwater Blocks

The state-owned oil company explained that the contract is the first to comprehensively cover both crude oil and natural gas exploration and production.

NNPC, TotalEnergies sign PSC agreement for deepwater blocks

The state-owned oil company explained that the contract is the first to comprehensively cover both crude oil and natural gas exploration and production.

NNPC Ltd, TotalEnergies, Sapetro execute PSC for deepwater blocks - THE AUTHORITY NEWS

By Stella Odueme  The Nigerian National Petroleum Company (NNPC) Ltd, in partnership with the TotalEnergies–Sapetro Consortium, has executed a Production Sharing Contract (PSC) for Petroleum Prospecting Licences (PPLs) 2000 and 2001, marking a significant milestone in Nigeria’s upstream oil and gas sector as the first of such PSC to comprehensively cover both crude oil and natural gas exploration and production.  The event, which took place at t…

Nigerian Billionaire TY Danjuma Lands Major Oil Contract

Nigerian billionaire businessman, Theophilus Yakubu (TY) Danjuma, has once again stamped his influence in the oil and gas sector as his company, South Atlantic Petroleum (SAPETRO), signed a $10 million Production Sharing Contract (PSC) with TotalEnergies and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).  The deal marks one of the most significant agreements to come … The post Nigerian Billionaire TY Danjuma Lands Major Oil Contr…

TotalEnergies receives two offshore exploration permits in Nigeria - Drilling Contractor

TotalEnergies and its partner South Atlantic Petroleum signed the Production Sharing Contract (PSC) for the PPL 2000 and PPL 2001 exploration licenses offshore Nigeria, which were awarded following the 2024 Exploration Round organized by the Nigerian Upstream Petroleum Regulatory Commission. PPL 2000 & 2001, covering an area of approximately 2,000 sq km, are located in … The post TotalEnergies receives two offshore exploration permits in Nigeria…