TotalEnergies Expands its Business Interests in Nigeria

TotalEnergies Expands its Business Interests in Nigeria

TotalEnergies has reaffirmed its commitment to business interests in Nigeria as TotalEnergies’ head, Patrick Pouyanne, met with Nigeria’s President Bola Tinubu in Abuja.

They discussed ways to improve the investment climate and security of operations in addition to TotalEnergies’ future investment program in the country as well as TotalEnergies efforts to support carbon emissions reduction in Nigeria.

Accordingly, the French company has signed a cooperation agreement with Nigeria’s state oil firm, NNPC Ltd., to carry out methane detection and measurement campaigns using its advanced drone based AUSEA technology on oil and gas facilities in Nigeria.

Moreover, TotalEnergies plans to invest $6 billion in the coming years, with a focus on offshore oil projects and gas production across all terrains.

Tinubu’s meeting with Pouyanne follows similar talks with other oil majors such as Shell and Exxon Mobil, which are part of the government’s efforts to attract capital to Africa’s top energy producer.

Nigeria, Africa’s biggest economy, has been facing a decline in oil output for years due to large-scale theft and sabotage. However, it has picked up in recent months, helped by offshore production that is less prone to attacks.

Notably, Tinubu pledged to remove any anti-investment impediments in the oil and gas industry and provide incentives to producers to help boost gas output.

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Doaa Ashraf 483 Posts

Doaa is a staff writer with a Bachelor's Degree in Mass Communication, majoring Journalism from Ahram Canadian University. She has 2-3 years of experience in copywriting, and content creation.

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