Chevron Corp has signed a deal to accumulate 40 % in Petroleum Prospecting License (PPL) 2000 and PPL 2001 offshore Nigeria from TotalEnergies SE.
TotalEnergies will retain operatorship with a 40 % curiosity. Native participant South Atlantic Petroleum Ltd owns 20 %.
“This new three way partnership goals at derisking and creating new alternatives in Nigeria, in keeping with the goals of the nation”, TotalEnergies senior vice chairman for exploration Nicola Mavilla stated in a web-based assertion.
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PPL 2000 spans 969 sq. kilometers (374.13 sq. miles) with water depths of 1,194-1,967 meters (3,917.32-6,453.41 ft). It sits six kilometers (3.73 miles) east of the Echim subject and is a part of the early Miocene to late Oligocene structural pattern of the north-western Niger Delta
lobe, based on on-line block info printed by the Nigerian Upstream Petroleum Regulatory Fee (NUPRC) as a part of the nation’s 2024 bid spherical.
Two wells have been drilled in PPL 2000. Drilled 2004, Obeje-1 and Obeje-1st turned up dry. “There may be remaining potential inside untested stratigraphic and structural-stratigraphic traps within the block”, the NUPRC says.
The block has 118 line km of 2D seismic knowledge, acquired 1998-99 and reprocessed 2019, based on the NUPRC.
PPL 2001 covers 990 sq km with water depths of 1,108-2,143 meters. It sits northwest of the manufacturing Bonga subject and can also be a part of the early Miocene to late Oligocene structural pattern of the northwestern Niger Delta lobe, based on the NUPRC.
“No wells have been drilled in PPL 2001, nonetheless there are untested stratigraphic and structural-
stratigraphic traps throughout the block”, it says.
The block has 165.6 line km of 2D seismic knowledge, acquired 1998-99 and reprocessed 2019, based on the NUPRC.
The transaction must clear customary situations together with regulatory approvals, TotalEnergies stated.
TotalEnergies’ farm-down to Chevron is a part of “an ongoing dialogue of worldwide exploration alternatives” between the businesses, TotalEnergies stated.
Earlier this yr TotalEnergies acquired a 25 % stake in 40 exploration leases offshore the USA from Chevron.
Spanning a complete of 1,000 sq km, 175-330 km from shore, the acquisition consists of 18 blocks within the East Breaks space, 13 blocks in Walker Ridge and 9 blocks within the Mississippi Canyon.
“The transaction supplies entry to a number of offshore exploration performs and prospects, strengthening the profitable U.S. offshore collaboration with Chevron past the prevailing partnerships in Ballymore (40 % TotalEnergies) which achieved first manufacturing this yr, Anchor (37.14 %) the place manufacturing began up final yr and the Jack (25 %) and Tahiti (17 %) producing property”, TotalEnergies stated in an announcement June 16.
“This transaction is in keeping with our constant technique of filling our exploration portfolio with low-cost and low emissions choices, and can considerably broaden TotalEnergies’ offshore U.S. exploration acreage, combining a variety of geological performs and prospectivity”, stated then-senior vice chairman for exploration at TotalEnergies Kevin McLachlan.
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