Mkpoikana Udoma
Port Harcourt — Nigeria’s oil and gas investment outlook received a boost as the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, reaffirmed the Federal Government’s commitment to supporting operators, following a high-level engagement with TotalEnergies Managing Director, Mr. Matthieu Bouyer.
Lokpobiri said Bouyer, accompanied by his management team, visited to brief the government on TotalEnergies’ operational roadmap for the year, including several projects expected to reach critical milestones within the year.
“I received the Managing Director of TotalEnergies, Mr. Matthieu Bouyer, who visited with his team, to brief me on the company’s roadmap for the year, including several future projects they anticipate will reach fruition within the year,” the minister said.
From a business and investment standpoint, Lokpobiri said Nigeria’s oil industry has been deliberately repositioned to deliver mutual value for government, host communities and operators, amid ongoing reforms in the sector.
“Our oil industry has been strategically positioned to deliver shared benefit to the Government, the people and the operators,” he stated.
The minister stressed that the Federal Government remains focused on sustaining an investor-friendly operating environment, particularly as international oil companies rebalance portfolios and advance new developments.
“As a Government, we remain resolute in our commitment to creating an enabling environment and will continue to provide all necessary support to operators in the effective and efficient execution of their operations,” Lokpobiri said.
The engagement with TotalEnergies comes against the backdrop of Nigeria’s drive to boost oil production, accelerate project delivery, and unlock new investments across the upstream sector, with operators increasingly seeking regulatory clarity and policy stability to fast-track capital deployment.
Industry watchers see the minister’s assurances as a strong signal to investors that the government is keen to work closely with operators to ensure timely project execution and sustained production growth in Nigeria’s oil and gas industry.
