$10M Deep‑Water PSC: Nigeria, TotalEnergies & Sapetro Unite
Nigeria is making waves in the deep-water frontier On September 1, 2025, the Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), signed a landmark $10 million production‑sharing contract (PSC) with TotalEnergies (80%) and local partner South Atlantic Petroleum (Sapetro, 20%) for two offshore blocks (PPL 2000 & 2001), covering roughly 2,000 km² in the prolific…
