Chappal Energies Acquires TotalEnergies’ 10% Stake in Nigerian Oil and Gas Assets for $860 Million

A statement by the company stated that the Sale and Purchase Agreement (SPA) is for TotalEnergies’ non-operated interest in its onshore and shallow water assets within the Shell Petroleum Development Company (SPDC) JV in the Niger Delta. The transaction is expected to close by December 31, 2024.

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