Total Plans To Increase Oil, Gas Production In Nigeria

TotalEnergies EP Nigeria Limited says it will ramp up the rate at which it is currently producing oil and gas in Nigeria in the next five years.
The Deputy Managing Director of TotalEnergies, Victor Bandele, who stated this on Monday at the opening session of Nigerian Oil and Gas Conference (NOG) 2022, in Abuja, said the increase in production would happen not only in Nigeria but all over the world where it has operations.
Bandele said that the French energy giant holds an important position in Nigeria’s economic life, and is wholly responsible for the production and distribution of over 20 per cent of the energy that is consumed in the country.
He explained that while fossil fuel production would be accelerated by the company, it would also continue to diversify its business into the development of more renewable energy.
According to him, “energy diversification from fossil to cleaner fuels will provide more business opportunities, while also benefitting the natural environment”.
Going forward, Bandele assured that the diversification drive would continue, adding that by 2050, 50 per cent of all the energy developed by Total Energies will come from gas, with 35 per cent coming from oil, while the remaining 15 per cent will be based on electricity.
Earlier, the Executive Secretary, Nigerian Content Development Monitoring Board (NCDMB), Engr. Simbi Wabote, had said that this year’s edition of the Nigerian content seminar would focus on the seventh ministerial regulations officially gazetted by the Federal Government last year.
According to him, the regulation provides for the minimum standards, facilities, personnel and technology for trading in the oil and gas industry.
The NCDMB boss said the regulations seek to provide a framework for monitoring the implementation of minimum standards for training in the oil and gas industry and achieve outcomes regarding the skill, experience and exposure of personnel.

By: Ike Wigodo