BluEnergies Ltd. Enters JSAA with TotalEnergies to Explore Harper Basin Potential
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
0mins
Should l Buy TTE?
Source: PRnewswire
- Agreement Signing: BluEnergies has signed a Joint Study and Application Agreement (JSAA) with TotalEnergies' Liberian subsidiary to explore the deepwater hydrocarbon potential of the Harper Basin, which is expected to facilitate future production sharing contract applications.
- Budget Commitment: Both parties have jointly committed to executing a work program over the next 18 months, with a budget allocated for advanced seismic reprocessing and seabed data acquisition, demonstrating a strong commitment to the project's success.
- Data Reprocessing Plan: The program includes reprocessing 6,167 square kilometers of 3D seismic data to enhance reservoir imaging accuracy, which is anticipated to provide critical support for exploration in the Harper Basin and promote effective resource development.
- 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 facilitating future exploration activities.
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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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- Follow-up Action Plan: Based on the assessment report, TEPU will implement an action plan covering livelihood restoration, support for vulnerable households, and grievance management, ensuring continued monitoring and support for affected families until 2026, enhancing the project's sustainability and social responsibility.
- 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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