TotalEnergies Nigerian Deepwater Blocks Acquisition
Sector: Natural Gas • Location: Nigeria
Source: AInvest
TotalEnergies acquired two Nigerian deepwater blocks (PPL 2000 and 2001) in the Niger Delta Basin through a production-sharing contract signed in May 2024. The deal includes a $10 million signature bonus, 70% cost recovery limit, and 80% ownership with local partner South Atlantic Petroleum holding 20%. This acquisition is part of Nigeria's 2024 licensing round aimed at attracting $16 billion in u
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Participants
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Company | Obfuscated Data |
Status
Original status | awarded |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
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Phone | 0000000000 |
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Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | TotalEnergies acquired two Nigerian deepwater blocks (PPL 2000 and 2001) in the Niger Delta Basin through a production-sharing contract signed in May 2024. The deal includes a $10 million signature bonus, 70% cost recovery limit, and 80% ownership with local partner South Atlantic Petroleum holding 20%. This acquisition is part of Nigeria's 2024 licensing round aimed at attracting $16 billion in upstream investments, supporting methane reduction targets through zero-flaring operations and gas commercialization, and aligning with global energy transition goals. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
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State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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