• Thursday, March 28, 2024
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BusinessDay

‘Total to contribute 23% of Nigeria’s crude oil output soon’

Crude oil
Managing director of Total E&P Nigeria Limited, Nicolas Terraz, has disclosed that the firm will be responsible for 23 percent of Nigeria’s crude oil output in the near future.
Terraz, who was represented by the deputy managing director, Deepwater, Total E&P Nigeria Limited, Ahmadu-Kida Musa, made the disclosure while delivering a goodwill message at the second edition of the Nigeria International Petroleum Summit (NIPS) in Abuja.
While stressing the importance of efficiency and innovation, as key factors that will increase productivity in the oil and gas industry, he disclosed, “Total’s projects in Nigeria have been industry benchmarks with regard to efficiency and innovation.
According to Terraz, one of the Total projects on the lips of everyone at the moment is Egina. “At plateau, Egina will add 200, 000 barrels of oil per day to Nigeria’s current production and this represents about 10% of Nigeria’s current production. With Egina, Total will be operating about 23% of the national production and we are proud to be significant contributors in securing Nigeria’s oil and gas future,” he said.
Egina set unprecedented records of local content and capacity building. The project stands as a testament to Total’s commitment to Nigeria and its determination to support and advance local content development. 77% of man-hours worked on the project was done locally with 60,000 tons of equipment fabricated in Nigeria by local contractors.
In addition to drilling records and other significant achievements, the Egina project achieved the integration of six locally fabricated top side modules in Lagos; a first for Nigeria and Africa.
The ongoing second edition of the Nigeria International Petroleum Summit (NIPS) has the theme “Shaping the Future through Efficiency and Innovation.”
The even, attended by oil ministers from eight African countries, was declared open by the Minister of State for Petroleum Resources,  Emmanuel Ibe Kachukwu, who represented President Muhammadu Buhari. Also in attendance was the Group Managing Director, NNPC, Dr. Maikanti Baru as well as several executives representing International and local Oil companies.