Total Exploration and Production Nigeria Limited has reiterated its commitment to proving more reliable, affordable and clean energy in Nigeria in particular and the world in general.
The Managing Director/Chief Executive, Total E&P Nigeria Limited, Mr. the Nicolas Terraz, made this known at the Management Session of the 36th Nigerian Association of Petroleum Exploration (NAPE) Annual International Conference and Exhibitions, held in Lagos.
The CEO who was represented by Olatunji Akinwunmi, Executive General Manager, GSR& Planning, Total E&P Nigeria Limited stated that he was honoured to address the management session on:Organic Growth in Nigeria Oil & gas Industry: Next phase, where and how can it be achieved”.
He said, Total is very proud to be associated with the Nigerian Association of Petroleum Exploration (NAPE) and as Nigeria’s only fully integrated and gas company, we are certainly involved in the growth of all streams of the industry: upstream, midstream and downstream”.
“Our ambition is to become the <Responsible Energy Major>. And this is the meaning of our motto <Committed to Better Energy>energy to the world growing population. Reliable, affordable and clean energy The ambition challenges us to provide more reliable, affordable and clean are all three words of equal importance”, he stressed.
“Reliable, simply because everybody energy to be readily and continuously available in their daily life; Affordable, because cheap energy is necessary to spur the economic development of billions of [people seeking better living conditions; and all polls indicate that it is the clear priority of all customers around the world; Clean of course; because we need to reduce our environmental footprint and CO2 emission”, he added.
He stated that the IOC has been present in Nigeria for more than 60 years as a group, in partnership with the Nigerian government and in different equity association with other private companies.
The MD/CEO maintained that the growth opportunities abound in Nigeria and all stakeholders need to come together to achieve and sustain this growth.
Speaking further, he said, “In our upstream activities, run by our exploration and production affiliate, like most of the other IOCs in Nigeria, we moved from the predominantly land based production in the 60s to offshore in the 80s and then deep offshore in 2005 , developing a technically skilled industry workforce in the process”.
“Over the years, despite various challenges n the industry, total has added over 3 billion barrel of oil equivalent to Nigeria’s production and with our Egina project coming on stream in the coming weeks, we will add another 200, 000 barrels per day which is approximately 10 percent of Nigeria’s oil production”, he added.
In the mid stream sector of the industry, we have 15 percent interest in Nigeria LNG, which currently operates 6 LNG liquefaction trains on bonny island. Indeed, 40 percent of our production in Nigeria is also gas. This is bound to increase in the coming years as total looks to expand its gas business. And as part of our objective to provide more reliable, affordable energy to Nigeria’s growing population, Total is also currently developing a 100MW Katsina Solar Farm project in Katsina.
Our downstream affiliate is a market leader in Nigeria with over 550 service station spread across the nation. In 2014, total pioneered the first solar powered station in West Africa, the Onigbagbo station in Ikeja Lagos, and since then, we have built over 15 solar stations in Nigeria. Our global target is to reach 5,000 solar stations by 2020.
Total downstream activities are also number one in Africa with over 4,300 service stations in the continent offering a one-stop shop experience. For our customers, we aim to become providers of integrated solutions, delivering customers services shaped by closeness and innovation. This involves in particular transforming our service stations into community hubs with local and mobility-related services, as part of a multi-energy network.
