New Delhi, Dec. 1 -- TotalEnergies has agreed to sell a 40% stake in two offshore exploration licenses in Nigeria to Chevron, with the aim to enhance collaboration between the French and US energy giants, the company said on Monday.

After the sale, TotalEnergies will continue to operate the site with a 40% stake, sharing responsibilities with Chevron and South Atlantic Petroleum.

The transaction with Chevron will be completed once standard conditions are met, including obtaining regulatory approvals, it said.

This new joint venture highlights TotalEnergies' worldwide offshore exploration partnership with Chevron, after acquiring a 25% working interest in a portfolio of exploration leases offshore the US in June, which includes 40 block...