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Chevron takes 40% stake in TotalEnergies’ offshore Nigeria blocks

by | Dec 1, 2025 | Offshore

TotalEnergies has expanded its global exploration partnership with Chevron through a farmout agreement transferring a 40% stake in Nigeria’s offshore PPL 2000 and 2001 licenses. The joint venture strengthens both companies’ positions in the West Delta basin as regulatory approvals progress.

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