TotalEnergies Broadens Its Presence in West Africa Through New Offshore Exploration Licenses
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 02 2025
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Source: Benzinga
Exploration Agreements: TotalEnergies SE has signed significant exploration agreements in September, including a Production Sharing Contract for offshore blocks PPL 2000 and PPL 2001 in Nigeria, where it holds an 80% stake, and the Nzombo exploration permit offshore the Republic of the Congo with a 50% interest.
Strategic Focus: The company aims to enhance its exploration portfolio with high-impact, drill-ready prospects that promise low-cost and low-emissions developments, aligning with its strategy to strengthen hydrocarbon production, particularly in Nigeria, which contributes significantly to its output.
Analyst Views on GMOI
Wall Street analysts forecast GMOI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GMOI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 34.660
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Current: 34.660
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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.
