Business Local News Projects Technology Nigeria Micheal van Wyk September 3, 2025 0 Comments

Nigeria Inks Major Deepwater Deal with TotalEnergies to Boost Energy Security

Nigeria has cemented a significant new partnership with energy giant TotalEnergies to develop its deepwater oil potential. The production-sharing contract, which includes local firm South Atlantic Petroleum (Sapetro), covers two major offshore blocks spanning approximately 2,000 square kilometers in the Niger Delta Basin.

Under the agreement, TotalEnergies will hold an 80% contractor interest, spearheading the exploration efforts. This landmark deal, a key outcome of the 2024 licensing round, initiates a committed work program aimed at unlocking significant oil and gas reserves. Officials state this strategic move is designed to significantly expand Nigeria’s oil reserves, boost national production, and fortify the country’s long-term energy security.

CNBC Africa

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Micheal van Wyk

Michael van Wyk — Head Writer, MiningFocus Africa Michael van Wyk is the Head Writer for MiningFocus Africa, specializing in Africa’s mining and resources sector. With over a decade of experience, he reports on gold, copper, critical minerals, and mining digitisation, translating complex industry trends into clear, actionable insights. Michael has interviewed top executives, policymakers, and technical experts, making him a trusted voice on the continent’s mining markets and investment landscape.