Lagos — TotalEnergies EP Nigeria LTD marked its 60th year of oil exploration and production in Nigeria on Friday, 13th May 2022 at the Lagos Continental Hotel.
The French oil giant on 9 May 1962 began operations in the upstream sector of the Nigerian hydrocarbon industry. Over the past six decades, the company has made significant socio-economic contributions in Nigeria as one of the country’s largest oil and gas producers and largest investors with over 530 service stations.
“TotalEnergies is the only IOC that is present in all the oil and gas value chains- from the upstream, to midstream and to downstream with a combined age of 126 years (60 years for upstream and 66 for downstream),” said Mr. Mike Sangster, MD/CE TotalEnergies EP Nigeria.
Mr. Sangster thanked the Federal government of Nigeria, NNPC, host communities, partners, employees, retirees, and the Nigerian people for helping TotalEnergies to be successful in Nigeria.
“TotalEnergies will continue to collaborate with the government, our partners and other stakeholders to help further develop the economy of the country, to be able to meet the socio-economic needs of its citizens,” stated Mr. Mike Sangster.
The anniversary which was themed ’60 years of successful partnership with Nigeria’ brought together global executives, International Oil Companies (IOCs), government official, industry players, investors, scientists, and top buyers to mark the milestone event.
“It gives great pride and a sense of achievement to see our company grow over the years, embracing good values, and developing a strong and sustainable corporate culture. Making us a shining example among our industry peers today.” also speaking Mr. Nicholas Terraz, President TotalEnergies EP.
“With new fields and increased productivity, the company has continued to expand and evolve becoming the second largest operator in Nigeria, accounting for 20% of the country’s oil and gas production”.
As an ever-evolving company, TotalEnergies sets a new strategy to be a broad, multi-energy company, responsive to the energy needs of the society and a leader of the energy transition.
“Electricity offers an exciting opportunity in Nigeria, and it is an area which we would like to explore while also expanding the scope of our company to renewables,” explained Mr Nicholas Terraz.
TotalEnergies has had a good record of commitment to Nigerian Content development.
Confirming this, Engr. Simbi Wabote, Executive Secretary Nigerian Content Development & Monitoring Board (NCDMB) extolled TotalEnergies stating that “Total is one of the IOCs that has maintained relationship and invested in Nigeria with over $30 billion dollars in past years, leading an example for other IOCs to learn from”.
He also, congratulated the company for keeping faith with the country and encouraged them to continue with Nigeria.
TotalEnergies has impacted greatly the growth of several Nigerian businesses by providing training, contracts, and procurement opportunities to Nigerians on all projects in their operations.
Several speakers also highlighted the challenges facing oil production in Nigeria, including the issue of security which has greatly reduced the onshore production, while also stressing the need to address it.
TotalEnergies is also committed to working closely with its host communities and is supporting many projects in health, education, environmental conservation, economic and infrastructural development, through its sustainable development and community relations programmes. The ‘Commitment to Sustainability’ programme, a project in collaboration with NNPC and UNITAR addresses and delivers solution to plastic recycling in Nigeria.
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