Press Release FeedGet the RSS feed
Menu

Business Wire

Nigeria: TotalEnergies Strengthens Its Partnership with SAPETRO to Support the Fast Development of OPL257

TotalEnergies

PARIS, October 30, 2026--

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed a Farm-Out Agreement to sell to South Atlantic Petroleum Limited ("SAPETRO") a 40% participating interest in offshore block OPL257, Nigeria. Upon completion of this transaction, TotalEnergies will hold a 50% operated interest in OPL257 alongside SAPETRO (40%) and Conoil (10%).

OPL257 is located 150 kilometers offshore Nigeria. The block is adjacent to PPL261, where TotalEnergies (24%) and its partners, including SAPETRO, discovered the Egina South field in 2005, which straddles both blocks.

An appraisal campaign on the OPL257 side of the field will be undertaken in the coming months to support the potential development of Egina South as a tie-back to the Egina FPSO, located approximately 30 kilometers away.

"TotalEnergies is pleased to have SAPETRO as a partner in OPL257 as well as in the adjacent PPL261 block. Consolidating our long-term partnership paves the way for a quick appraisal campaign and subsequent development of Egina South in the success case," said Mike Sangster, SVP Africa Exploration & Production at TotalEnergies. "For TotalEnergies, this is consistent with our strategy to develop low-cost, low-emission resources while leveraging existing facilities."

Completion of the transaction is subject to customary conditions, including regulatory approvals.

About TotalEnergies in Nigeria
TotalEnergies has been present in Nigeria for more than 60 years and employs today more than 1,800 people across different business segments. Nigeria is one of the main contributing countries to TotalEnergies' hydrocarbon production with 188,000 boe/d produced in 2025. TotalEnergies also operates an extensive distribution network which includes about 540 service stations in the country. In all its operations, TotalEnergies is particularly attentive to the socio-economic development of the country and is committed to working with local communities.

About TotalEnergies
TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to providing as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.

@TotalEnergies TotalEnergies TotalEnergies TotalEnergies

  1. FinanceDividend DeclarationCompanies: TotalEnergiesPARIS, October 29, 2026--The Board of Directors meeting on October 28, 2026 under the chairmanship of Mr. Patrick Pouyanné, Chairman and Chief Executive Officer, decided the distribution of a third interim dividend of €0.90/share for fiscal year 2026, an increase of 5.9% compared to the interim divide
  2. FinanceTotalEnergies decides the distribution of a third interim dividend of €0.90/share for fiscal year 2026, an increase of 5.9% compared to 2025Companies: TotalEnergiesPARIS, October 29, 2026--The Board of Directors meeting on October 28, 2026 under the chairmanship of Mr. Patrick Pouyanné, Chairman and Chief Executive Officer, decided the distribution of a third interim dividend of €0.90/share for fiscal year 2026, an increase of 5.9% compared to the interim dividen
  3. Oil & gasTotalEnergiesUnited States: TotalEnergies Enters 26 Chevron-Operated Offshore Exploration Blocks, Strengthening the Successful U.S. Partnership Between Both CompaniesCompanies: TotalEnergiesChevron CorporationPARIS, October 28, 2026--TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the acquisition of a 25% working interest in 26 Chevron-operated exploration leases offshore the United States. As part of the transaction, Chevron also acquires from TotalEnergies a 75% operated interest in two explorat
  4. FinanceTotalEnergiesNigeria: TotalEnergies Completes the Divestment of its Oil Interest in Renaissance JV (formerly SPDC)Companies: TotalEnergiesPARIS, October 27, 2026--TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces that its subsidiary TotalEnergies EP Nigeria (TEPNG) has completed the divestment of its 10% non-operated interest in the Renaissance JV licenses to Vaaris for an aggregate amount of US$ 800 million. As announced on Janu
  5. FinanceTotalEnergies SE: Disclosure of Transactions in Own SharesCompanies: TotalEnergiesPARIS, October 27, 2026--Regulatory News: In accordance with the authorizations given by the shareholders' general meeting on May 29, 2026, to trade on its shares and pursuant to applicable law on share repurchase, TotalEnergies SE (LEI: 529900S21EQ1BO4ESM68) (Paris:TTE) (LSE:TTE) (NYSE:TTE) declares t
  6. FinanceTotalEnergies SE: Disclosure of Transactions in Own SharesCompanies: TotalEnergiesPARIS, October 20, 2026--Regulatory News: In accordance with the authorizations given by the shareholders' general meeting on May 29, 2026, to trade on its shares and pursuant to applicable law on share repurchase, TotalEnergies SE (LEI: 529900S21EQ1BO4ESM68) (Paris:TTE) (LSE:TTE) (NYSE:TTE) declares t