Onome Amuge
TotalEnergies, the global energy giant, has taken a leap in expanding its offshore operations in Nigeria, as its board of directors recently gave the green light for major investments in the Bonga North Offshore project.
A pivotal moment in TotalEnergies’ commitment to expanding its offshore operations in Nigeria was marked during a recent meeting between Nicolas Terraz, the company’s president of Explorations and Production, and Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil) in Nigeria.
Building upon the company’s already-significant investments in Nigeria’s offshore oil and gas sector, Terraz expressed satisfaction with the government’s ongoing efforts to create a favourable operational environment but also to lay out plans for additional joint ventures with key industry players, including Shell Nigeria and the Nigerian National Petroleum Company (NNPC) Limited.
In response, Lokpobiri assured Terraz and TotalEnergies of Nigeria’s dedication to providing a stable and inviting investment environment during his response.
Echoing Nigeria’s commitment to addressing TotalEnergies’ requirements and promoting the success of their projects, Lokpobiri underscored the government’s readiness to support the company’s ongoing and future investments in Nigeria’s oil and gas sector.
Reiterating Nigeria’s strong support for TotalEnergies’ ongoing investments in the country’s oil sector and its appreciation for the company’s solid partnership in the sector’s development, the minister of state for petroleum resources (oil), praised TotalEnergies for its dependability and trustworthiness.
He stated: “Every necessary assurance to investors must not only be given but must also be visibly demonstrated. Our energy sector holds tremendous potential, and we will continue to ensure it remains a secured and attractive destination for investors like TotalEnergies.
“The requests previously made by TotalEnergies are being addressed, and we remain ever ready and willing to provide the necessary conditions for the success of their ventures.”
