Following the Nigerian Upstream Petroleum Regulatory Commission-organised 2024 Exploration Round, TotalEnergies has signed a production sharing contract (PSC) for operatorship with 80% interest in PPL 2000 and PPL 2001 exploration licenses offshore Nigeria
Other partner in the licenses is South Atlantic Petroleum with a 20% interest.
PPL 2000 & 2001, covering an area of approximately 2,000 square kilometers, are located in the prolific West Delta basin. The work programme includes drilling one firm exploration well.
“TotalEnergies is honoured 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,” said Kevin McLachlan, senior vice-president for Exploration at TotalEnergies.“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 signs PSC offshore Nigeria
PPL 2000 & 2001 cover an area of approximately 2,000 sq km.
