Total has invested $10b in Nigeria’s oil sector – MD

The Managing Director and Chief Executive, Total Upstream Companies in Nigeria, Mr. Nicolas Terraz, has said the companies invested over $10 billion in the country’s oil and gas sector.

Terraz disclosed this during the 2017 Conference of the Association of Energy Correspondents of Nigeria in Lagos. According to him, with its expertise and strong position in the onshore, offshore and deep offshore upstream segments, and with its Egina field development nearly completed, the company is expected to add 200,000 barrels per day to Nigeria’s oil output in 2018.

The managing director said the company is presently involved along the value chain from upstream to the downstream sector where Total was a leader with close to 550 service stations across the length and breadth of Nigeria. He said the time had come for all hands to be on deck to seek innovative solutions to the challenges of Nigeria’s oil and gas and energy macro sectors.


Leave a Reply

Your email address will not be published. Required fields are marked *