TotalEnergies Gets New Blocks in Congo Brazzaville, Nigeria

Nigeria has signed a significant PSC with TotalEnergies (80%) and Sapetro (20%) for PPL 2000 and 2001, covering ~2,000 sq km in the Niger Delta Basin. This PSC sets a new framework—featuring performance-linked bonuses, cost recovery limits, environmental and community protections, and gas utilization incentives—that aligns with recent industry reforms and signals a new chapter …

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