(BRIEF) TotalEnergies President and CEO Patrick Pouyanné met with Nigerian President Bola Ahmed Tinubu to reaffirm the long-term partnership between TotalEnergies and Nigeria. Over the past decade, TotalEnergies has been the largest personal investor in the energy sector in Nigeria, with primary projects such as Egina and Ofon Phase 2, and recent projects such as Ikike and the Ntokon discovery. The company’s long-term commitment includes a potential investment portfolio exceeding $6 billion, as well as projects for investment climate, decorating safety and reducing carbon emissions in Nigeria. TotalEnergies has effectively phased out flaring from its operations in Nigeria and will collaborate with the Nigerian National Petroleum Company Limited (NNPCL) to find and reduce methane emissions by employing the complex AUSEA drone-based generation in oil and gas facilities. in Nigeria, aligning with “Routine Zero” flaring through 2030 endorsed through the World Bank’s Global Partnership to Reduce Gas Flaring.
(PRESS RELEASE) PARIS, December 19, 2023 — /EuropaWire/ — Patrick Pouyanné, President and CEO of TotalEnergies, met with Ahmed Tinubu, President of the Federal Republic of Nigeria, in Abuja Bola to reaffirm the long-term partnership between TotalEnergies and Nigeria.
Over the past decade, TotalEnergies has been the country’s largest personal investor in energy, with primary projects such as Aegina, Ofon Phase 2, OML 58 Upgrade and recently Ikike, which in 2022.
The Company’s long-term commitment to Nigeria is demonstrated through continued exploration, as evidenced by the discovery of Ntokon in June 2023.
TotalEnergies has a portfolio of projects that could represent more than $6 billion in investments (100%) in the coming years.
Patrick Pouyanné and President Bola Tinubu discussed ways to improve the investment climate and security of operations, TotalEnergies’ future investment program in the country as well as TotalEnergies efforts to support carbon emissions reduction in Nigeria.
End the regime and join forces to measure and reduce methane emissions
TotalEnergies, as a founding member of the World Bank’s Global Gas Flaring Reduction (GGFR) partnership, had endorsed the “Zero Routine Flaring by 2030” initiative. As evidence of this commitment, TotalEnergies, in partnership with Nigerian National Petroleum Company Limited (NNPCL), has finalized in December 2023 the OML 100 Flare Out project, thereby becoming the first major operator in Nigeria to completely eliminate routine flaring from all operated assets.
TotalEnergies also announced today the signing of a cooperation agreement with NNPCL to carry out methane detection and measurement campaigns in its complex generation of AUSEA drones at oil and fuel facilities in Nigeria. The announcement follows similar agreements signed ahead of COP28 with three other national oil and fuel companies. Brazil’s Petrobras, Azerbaijan’s SOCAR and Angola’s Sonangol.
“TotalEnergies is pleased to announce the end of routine flaring in its operations in Nigeria and the sharing of our in-house AUSEA technology with NNPCL, concretely supporting NNPCL to deliver the commitment taken at COP28 by endorsing the Oil & Gas Decarbonization Charter. We had a very constructive and pragmatic discussion today with President Tinubu on key actions Nigeria should take to attract increased investment in the country”, said Patrick Pouyanné, Chairman and CEO of TotalEnergies.
About TotalEnergies in Nigeria
TotalEnergies has been present in Nigeria for more than 60 years and employs more than 1,800 people in other business segments. Nigeria is one of the main players in TotalEnergies’ hydrocarbon production, where the company produced 204,000 boe/d in 2022. TotalEnergies also operates an extensive distribution network that includes around 540 service stations in the country. In all its operations, TotalEnergies is attentive to the socio-economic evolution of the country and is committed to working alongside local communities.
About TotalEnergies
TotalEnergies is a global multi-energy corporation that produces and markets energy: oil and biofuels, vegetable fuels and green fuels, renewable energy and electricity. Our more than 100,000 workers are committed to making energy increasingly affordable, more sustainable, more reliable and more available. to as many other people as possible. Active in approximately 130 countries, TotalEnergies puts sustainable progress in all its dimensions at the heart of its projects and operations to contribute to the well-being of populations.
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SOURCE: TotalEnergies
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