-By Felix Douglas
…To reduce gas flaring to the barest minimum by 2030.
…The only multinational oil company in Nigeria that has its presence in all the energy value chain.
…TotalEnergies has invested over $10 billion in Nigeria in the last 10 years and ranked second in crude oil production.
…Egina flagship project received Distinguished Achievement Award at the 2021 Offshore Technology Conference in Houston, Texas.
TotalEnergies is one of the multinational oil companies that has made remarkable strides in Nigeria energy space. For almost sixty years in oil exploration in Nigeria, the company moved from 4th to 2nd position in terms of oil production within the space of 13 years.
TotalEnergies is the only company that has been investing in Nigeria regardless of uncertainties both legal and regulatory environment. In spite of the lingering protracted Petroleum Industry Bill (PIB) that was eventually signed into law by President Muhammadu Buhari, the company delivered significant projects such as Usan in 2012, Tabor in 2019, and the biggest of it all with 77% Nigerian Content record, the Egina FPSO. This was acknowledged by the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engineer Simbi Wabote, who commended the company at the Nigeria Oil and Gas Conference (NOG) that was held at Abuja.
In the same vein, TotalEnergies Egina flagship project received Distinguished Achievement Award at the 2021 Offshore Technology Conference in Houston, Texas, USA, a global oil and gas event.
On human capital, TotalEnergies focuses on talents and skills that the company has developed with a special programme called Better Together. It consolidates on skill development while taking advantage of the future since human capital plays vital role in the company’s businesses across Nigeria.
The company ensures a desirable and sustainable future for its operations, government, and communities in Nigeria with objectives of expanding energy mix for prosperity. The International Oil Company (IOC) is working assiduously to be a broad energy industry where energy sources will be sustained.
Speaking with journalists at a media parley in Lagos, TotalEnergies in Nigeria, Deputy Managing Director (DMD), Deepwater District, Mr. Victor Bandele, pointed out clearly that the company will remain in Nigeria to produce abundant gas in order to reduce flaring in the country.
He made it known that Nigeria production of crude oil is about 600,000 barrels per day and intend to reduce gas flaring to the barest minimum by the year 2030 as it invest in the country.
This is the strategy TotalEnergies embarks on to progress with key strategy to reduce Greenhouse emission that impacts the environment. The company is embracing less carbon generating energy in Nigeria. This complement its global activities on energy, it is the only multinational in Nigeria that has its presence in all the energy value chain which is being consolidated.
According to Bandele, “We want to improve our energy efficiency and we are desperate about it before 2030.
In terms of business, we need to remain profitable so as to drive our achievement and attain operational excellence in our businesses.”
He submitted that TotalEnergies has been able to invest over $10 billion in Nigeria in the last 10 years and is ranking second in crude production in Nigeria. The company has also reduced gas flare and intend to remove 45 percent flare level by 2025.
The DMD TotalEnergies added that all associated gas in the company’s OML 99 block instead of flaring were being compressed and sent to Nigeria Liquefied Natural Gas (NLNG).
He stated further that the Ikike project which is another laudable feat of the company produces 32 000 to 40 000 barrels of oil per day, “it is routine flaring free and TotalEnergies has never embarked on any project in Nigeria with flaring issues. This is quite remarkable.”
In the aspect of power, Bandele said TotalEnergies solarisation project which is to ensure the company’s readiness to bring solar to Nigeria in order to support the power sector.
The car park in the company’s operational office in Port Harcourt will be converted and installed with solar panels to generate electricity and reduce carbon emission generating energy.
The DMD assured that the IOC will remain in business in Nigeria provided cost of oil production does not exceed $10 per barrel or below it with conducive environment and security of assets.
Explaining the company’s Carbon Credit project at the media parley with journalists, General Manager, External Relations and Country Communication Manager, TotalEnergies, Dr. Charles Ebereonwu opined that Carbon Credit is a permit that allows the company that holds it to emit a certain amount of carbon dioxide or other Greenhouse gases.
He added that it was through TotalEnergies Carbon Credit project that Nigeria earn about €1 million. “Two major ways is either you use your positive Carbon Credit position to offset your negative position in other businesses to create a carbon neutrality or you can monitise it for someone in negative position.”
No doubt, TotalEnergies monumental feat in the energy value chain is a memento and footprint that will linger for many years in Nigeria and across the globe.
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