Total E&P Nigeria Limited has invested $10 billion in Nigeria in five years and hopes to add 200,000 barrels per day to the country’s oil production by the last quarter of 2018 

By Anayo Ezugwu

BY last quarter of this year, Total E&P Nigeria Limited will add 200,000 barrels per day to Nigeria’s oil production. Ahmadu-Kida Musa, deputy managing director, Deep Water District, Total E&P Nigeria, said once the company’s Egina Deepwater Development Project is completed the country’s oil production will increase.

He said the Egina FPSO, which arrived Nigeria in January this year has been completed and would soon sail away to the field for hook-up operation. At the Association of Energy Correspondents of Nigeria, NAEC, conference in Lagos, Musa said Total would continue to intensify its efforts in exploration and appraisal activities in Nigeria.

According to him, the plan of the company is to maintain aggressive exploration and appraisal wells drilling in order to play its part in increasing the hydrocarbon resource base of the nation. “Just a few weeks ago, Total along with our NLNG partners, which include NNPC, Shell and Eni, signed the Front End Engineering Design, FEED, contract for train 7 plus project.

“This is a significant achievement as a completed FEED process will pave the way for Engineering, Procurement and Construction, EPC, pricing and bidding processes which are preconditions for the Final Investment Decision, FID,” he said.

Musa said despite being busy with these important projects, they will never lose sight of the fact that they are a corporate citizen of Nigeria, and this status comes with certain responsibilities not just to their host communities but to Nigeria as a whole. “We shall continue to assist the authorities in providing infrastructure and access to quality health care and education to Nigerians and the communities that host our operations.

“We shall also continue to work with our partners to deliver our various capacity development initiatives across the country. This is in addition to our various high-level partnerships with Nigerian universities and Nigerian lecturers to develop capacity and exchange of experience.

“Some of you may also be aware that we run the Institute of Petroleum Studies at the University of Port Harcourt, which is affiliated to the French Institute of Petroleum Studies in Paris, and is providing world class skills for Nigerian oil and gas professionals.”

Total has been involved in oil exploration in Nigeria for 56 years and has a broad and diversified portifolio with activities spanning onshore, conventional offshore, deep water and LNG. According to Musa, Total is the only integrated international oil company with presence throughout the entire value chain of the industry in Nigeria – Downstream, Upstream and Midstream sectors.

“Total upstream branch plays a significant economic and social role in Nigeria, operating nearly 15 percent of the country’s production. Nigeria, as one of our core areas of activites, is crucial to the Total Group, accounting for 12 percent of its equity production. In the last five years, Total has invested approximately $10 billion in the country.

“Despite the challenging operating environment, Total is committed to investing in the country. We, therefore, believe that when Nigeria prospers, Total also prospers. Let me restate that Total will remain in business by continuing to adapt to the dynamic economic environment. We will do this through cost optimisation but without any compromise on our safety standards.

“We shall continue to capitalise on our strengths to secure future growth by leveraging on current market conditions to extend our production. Also, we believe that our position as the only integrated international oil company currently operating in Nigeria places us in the best position to create long-term value for the country,” he said.

– Aug. 17, 2018 @ 16:05 GMT |