06:16 AM EDT, 10/30/2026 (MT Newswires) -- TotalEnergies (TTE.L, TTE.PA) struck a farm-out agreement for the sale of its 40% participating interest in offshore block OPL257 in Nigeria to South Atlantic Petroleum, or Sapetro. The energy giant will retain a 50% operated interest in the block, while Nigerian oil and gas company Conoil holds the remaining 10% stake, according to a Friday release. OPL257 is scheduled to undergo an appraisal campaign in the coming months. Closing of the sale is subject to customary conditions, including regulatory clearances.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.