TotalEnergies has strengthened its presence in Nigeria’s oil sector by acquiring a 50 % operated interest in block OPL 257 from its long‑standing partner, Conoil Producing Limited. Under the same agreement, Conoil obtained a 40 % participating interest in block OML 136, which had previously been held by TotalEnergies. Both blocks are located offshore Nigeria, and OPL 257 contains an oil discovery made in 2005.
Following the transaction, TotalEnergies’ stake in OPL 257 will rise to 90 %, while Conoil will retain a 10 % interest. The company plans to drill an appraisal well in 2026 as part of its next drilling campaign, aiming for a swift appraisal and a potential tie‑back to the existing Egina FPSO. This move is viewed as a strategic step for TotalEnergies to focus on operated perimeters in gas and offshore oil and to accelerate development opportunities in Nigeria.
TotalEnergies has demonstrated its commitment to investing in Nigeria’s energy sector through recent milestones such as the Ubeta Final Investment Decision (FID) in June 2024 and entry into the PPL 2000/2001 offshore exploration in August 2025. The company’s strategy aims to grow production and support Nigeria’s national objective of attracting investment and increasing output.
The acquisition of a 50 % stake in OPL 257 is the latest development in TotalEnergies’ engagement with Nigeria, which also includes the start‑up of the Akpo West field in February 2024. These investments underscore the company’s dedication to the country’s energy sector and its role in promoting economic growth. As TotalEnergies continues to expand its operations in Nigeria, it is poised to play a significant role in shaping the nation’s energy landscape.
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