Global energy giant, Total, has expressed its readiness to obtain new oil and gas mining licences from the Nigerian government.
Chairman/Chief Executive Officer of Total, Patrick Pouyanne disclosed this when led a delegation on a visit to the Minister of State for Petroleum Resources, Chief Timipre Sylva in Abuja on Thursday.
A statement by GGM/Special Adviser on Media, Office of the Minister of State for Petroleum Resources, Garba Deen Muhammad said Mr. Pouyanne was accompanied on the visit by the President, Total Exploration & Production, Arnaud Breuillac; Senior Vice President, E&P Africa, Nicolas Terraz; Country Chair / Managing Director of Total Upstream Companies in Nigeria, Mike Sangster; Deputy Managing Director, Deepwater District, Ahmadu-Kida Musa and Executive Director, Corporate Affairs & Services, Abiodun Afolabi.
Pouyanne who stressed the Group’s commitment to deepening investments in the country, stated that “Nigeria has a big potential that has not been fully explored and we are ready to open discussions for new licenses”.
He added: “We will continue to invest more and it is imperative to have conversations that will ensure a rewarding investment structure”.
He also reiterated the need for reinvestments stemming from the return on earlier investments with a focus on the practicality of the Egina Field while noting that “in a show of commitment, Total is committed to reinvestments in the country from the proceeds of the Egina venture.”
In his response, Chief Sylva said Total remains an important partner in Nigeria’s Oil and Gas landscape while name-checking the Group’s Nigerian content achievement with the laudable Egina field with a production of about 200,000 barrels of oil per day, representing over 10% of Nigeria’s production, at plateau.
He praised the company for the notable investment in the Downstream Sector and recent strides in the Solar Energy business assuring the delegation that “the Nigerian government will do everything to encourage the further stay of Total” while adjuring on the need for the right high-level representation of the Group at occasions instanced by the Nigerian government.