Current oil output levels for the company is set to increase by 4x.
A multinational energy company named TotalEnergies, has been operating in Nigeria for many years. The company is involved in a variety of energy-related activities, including the exploration and production of oil and gas, the construction of power plants, and the distribution of electricity. TotalEnergies has a strong commitment to the development of Nigeria’s energy sector, and has made significant investments in the country’s infrastructure.
TotalEnergies is committed to supporting the social and economic development of Nigeria. They have programs in place to help grow the country’s economy and improve the standard of living for its people. Additionally they are working to create jobs and opportunities, and to provide essential services that improve the quality of life. The company also supports the development of infrastructure and the growth of businesses. They believe that by investing in Nigeria, we can make a difference in the lives of its people and help build a better future for all.
They produce more than 20% of total oil output in Nigeria.
With plans to increase oil production in Nigeria, their efforts will come to fruition this year. The company is close to connecting the 50,000 barrels per day Ikike oilfield to the 200,000 barrels per day Egina deep water storage facility. This will allow them to increase its oil production in Nigeria significantly.
Victor Bandele, the Deputy Managing Director, has said that the company is committed and fully integrated in Nigeria. He added that the company produces more than 20% of total oil output in Nigeria. This commitment is significant because it means that the company is fully invested in Nigeria and is working to produce a significant amount of the country’s oil output.
They are also a major player in the natural gas industry.
TotalEnergies is adding an additional field into Egina this year. With this added capacity, it will be able to produce about 50,000 barrels of oil per day. This is significant because it will help meet the rising demand for oil, while also helping to reduce dependence on imported oil. In addition, this new field will also create jobs and provide an economic boost to the local community.
They are also a major player in the natural gas industry, currently ranking as the second largest supplier in Nigeria. The company has a long history in the country, dating back to the early days of the Nigerian oil and gas industry. TotalEnergies has a strong presence in the Nigerian upstream, midstream, and downstream sectors, and is well-positioned to continue playing a major role in the country’s natural gas industry in the years to come.
Nigeria’s energy market is complex and fraught with challenges.
It is no secret that Nigeria’s energy market is in dire need of reform. The country has been plagued by energy insecurity for years, leading to blackouts and power outages that have severely hampered economic growth. In recent years, the Nigerian government has made some progress in reforming the energy sector, but much more needs to be done in order to achieve stability. Nigeria’s energy market is complex and fraught with challenges. The country has a large population and a rapidly growing economy, which has put immense pressure on the energy sector.
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If this is done it is a nice innovation to our country especially electricity sector we have been struggling of electricity in this country and electricity is important in our country like for producing and so on
I just hope this will work out I’m so tired of this epileptic power supply and problems with our oil distribution, presently now there is scarcity of fuel….This government are just so clueless
The maximization of the Total energy increment in it’s output of oil and gas being produced and distributed, will help our economy. It will also help to provide job opportunities to people. So we won’t just be investing our natural resources there, but also the people will benefit from the company too.
If it work out the way they said, it will be fine
This is impressive. Increase in the production of oil in Nigeria will help generate more revenue and improve balance if trade
This plan should be worked on . The government should also assist them in any way that they can ,as this plan will have a huge impact on Nigeria’s economy
This is good because it will boost our electricity development in the country and allow us, the citizens, to enjoy it.
All thanks to Total energies, Nigeria’s economy will take a new turn. Seeing how much Nigeria depends on the revenue from the oil sector , this is definitely going to go a long way in increasing the total revenue that will be generated
Increasing of oil production by Total in the country is very important at this time because of the economy,with this it will boost economy and provide job for the masses.
The energy sector really needs a lot of reformation.
If this can be achieved, then there will be a change.
The government should give them the needed support.
Nice! This would meet the rising demand of oil in the country, also provide more jobs. The economy benefits too. It’s a win win
We must do away from false promises regardless of what or who said it. More production of oil is not the answer to the nation’s problem. We have been unable to manage our resources due to corruption and lack of infrastructure. Production of additional 500k barrels per day without the power grid up to standard is a waste of effort and resources. A total reform most be done.
Their efforts, which include intentions to enhance oil production in Nigeria, will bear fruit with the assistance of this Total Energy corporation. This is very good
Because of rampant corruption and inadequate infrastructure, we have been unable to manage our resources effectively. I hope it won’t be the same case with this Total Energy
Totalenergies increasing productions in crude oil by 4 times is okay which will generate income , the company, the country and mostly to private pocket,
Let’s be realistic here after extracting the crude here in Nigeria they will take it outside the country for refining and sell back to us the PMS, Diesel, Kerosene the other petrochemical products are no where to be found at an exorbitant amount.The country has the money to build refineries here but prefer to buy the refined crude. It is well
Increasing the amount of oil production in the country is vital right now because of the terrible situation of the economy; doing so would give the economy a boost.
TotalEnergies is a major leading petrochemical company in Nigeria that has contributed greatly to Nigeria growth and development overall the years. Now that they are proposing to increase productions by 4 times is it really a welcomed idea. It will solve some financial inadequacy being experience in this present administration.
However, this will be possible if corruption plaguing the country presently is being dealt with.
Moreso, if the country can build a fully functioning refinery and put in shape the old ones, what TotalEnergies is proposing would have been highly beneficial to the country.
This new industry will also result in the creation of jobs and will bring an economic boost to the surrounding neighbourhood.
This is very good for us all because it will help increase our petroleum products and also help boost our power supply in the country.
I believe that we will be able to make a positive impact on the lives of the Nigerian people and contribute to the creation of a brighter future for everyone if we make investments in Nigeria.
To foster the expansion of businesses and the construction of new physical infrastructure in our nation, we require help, and this company can provide that
Over many years, the nation has been plagued by energy insecurity, which has resulted in blackouts and other power failures, which have severely impeded the expansion of the economy. This may cause it to alter.
For a company that produces 20% of the oil output in Nigeria now preparing to move it 4x then the current output that a great news for the company
This is impressive…This would meet the rising demand of oil in the country. It will also help to provide job opportunities to people.The economy would benefit for it too.
Undoubtedly, this would have a beneficial effect on Nigerians’ lives and help build a brighter future for everyone. It will also help us produce more petroleum products and expand the nation’s power supply.
Our economy will benefit if oil and gas production and distribution are optimized to maximize total energy growth. People will benefit from having more employment possibilities. The people will thus gain from the firm as well as from the investment of our natural resources there.