By Ejekwu Chidiebere TotalEnergies (80%, operator), together with its partner South Atlantic Petroleum (20%) said that they have just signed the Production Sharing Contract (PSC) for the PPL 2000 and PPL 2001 exploration licenses offshore Nigeria, awarded following the 2024 Exploration Round organized by the Nigerian Upstream Petroleum Regulatory Commission. The “PPL 2000 and 2001” which covers an area of approximately 2,000 square kilometers, and located in the prolific West Delta basin has a work program that includes drilling one firm exploration well. “TotalEnergies is honored to be the first international company to be awarded exploration licenses in a bid round in Nigeria in more than a decade, marking a new milestone in our long-term partnership with the country,” says Kevin McLachlan, Senior Vice-President Exploration. “These promising block captures are fully aligned with our strategy of strengthening our Exploration portfolio with drill-ready and high impact prospects that have the potential for low-cost and low-emissions developments from new discoveries in our core areas of expertise.” TotalEnergies has been present in Nigeria for more than 60 years and employs more than 1,800 people across different business segments. Nigeria according to the company’s statement is one of the main contributing countries to all its hydrocarbon production with 209,000 boe/d produced in 2024.
By Ejekwu Chidiebere TotalEnergies (80%, operator), together with its partner South Atlantic Petroleum (20%) said that they have just signed the Production Sharing Contract (PSC)...