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TotalEnergies' sale boosts interest in African onshore assets from independents and locals

July 26, 2024

TotalEnergies has sold its stake in 18 Nigerian onshore oil mining licenses to Mauritius-based Chappal Energies. This sale reflects a broader trend where junior and independent explorers, along with African national oil companies are increasingly acquiring onshore assets as global majors shift their focus to offshore projects.

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