TotalEnergies (TTE) has signed a farm-out deal to sell a 40% participating stake in the OPL257 block offshore Nigeria to South Atlantic Petroleum, TotalEnergies said Friday.
Following the deal's completion, TotalEnergies will own a 50% operated interest in the block, while Conoil will hold the remaining 10%.
TotalEnergies shares were up 1.8% in premarket activity.
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