TotalEnergies Exits Stake in Nigeria’s OML 118 as Shell Expands Deepwater Holdings

Total Energies

French multinational energy firm TotalEnergies has revealed that it will divest its minority stake in Nigeria’s OML 118 Production Sharing Contract (PSC). The company announced that its local subsidiary, TotalEnergies EP Nigeria, has agreed to sell its 12.5% non-operated interest in the offshore oil block to Shell Nigeria Exploration and Production Company Ltd (SNEPCo) for […]