BluEnergies Ltd. Enters Joint Study Agreement with TotalEnergies for Harper Basin Exploration
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
0mins
Should l Buy TTE?
Source: PRnewswire
- Agreement Signing: BluEnergies Ltd. has signed a Joint Study and Application Agreement (JSAA) with TotalEnergies' Liberian subsidiary to explore the deep water fan play potential in the Harper Basin, which is expected to enhance the company's oil and gas development in West Africa.
- Budget Commitment: Both parties have jointly committed to a work program budget for the next 18 months, focusing on advanced seismic reprocessing and seabed data acquisition to accurately assess hydrocarbon potential and mitigate risks, demonstrating strong commitment to the project.
- Data Reprocessing Initiative: The initiative involves reprocessing 6,167 square kilometers of 3D seismic data to improve reservoir imaging accuracy in the Harper Basin, which is anticipated to provide critical support for future drilling activities and help the company establish economically viable drilling prospects.
- New License Acquisition: BluEnergies and TotalEnergies' Liberian subsidiaries have secured a new Reconnaissance License (RL-003) covering 8,924 square kilometers, further solidifying their collaborative foundation in the Harper Basin and enhancing legal assurances for future development.
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Analyst Views on TTE
Wall Street analysts forecast TTE stock price to fall
16 Analyst Rating
8 Buy
8 Hold
0 Sell
Moderate Buy
Current: 80.290
Low
60.04
Averages
71.67
High
90.93
Current: 80.290
Low
60.04
Averages
71.67
High
90.93
About TTE
TotalEnergies SE is a France-based company. The Company is predominantly engaged in the business as a worldwide oil group. Its segment divisions are divided into refining and chemistry such as refining of petroleum products and manufacture of basic chemistry and of specialty chemistry, petroleum products distribution, electricity generation from combined cycle gas plants and renewable energies, gas production, trading, transport and distribution primarily includes liquefied natural gas, natural gas, biogas, hydrogen, liquefied petroleum gas and hydrocarbon operating and production. The group is also operating in trading and sea transport of crude oil and oil products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Oil Price Surge: Oil prices have increased by 37% since the onset of the Iran war, reaching a significant high by Monday's close.
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- Commitment to Transparency: TotalEnergies emphasizes that the publication of the independent report and action plan reflects its commitment to transparency and continuous improvement, aiming to ensure the project meets international standards while contributing to local development and enhancing the company's reputation in sustainability.
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