TotalEnergies Seeks More Oil, Gas Production in Nigeria
December 18 2023 - 3:38PM
Dow Jones News
By Obafemi Oredein
Special to Dow Jones Newswires
IBADAN, Nigeria--TotalEnergies is looking extensively at more
deepwater production and gas production opportunities in Nigeria
and is ready to invest $6 billion in the coming years, Patrick
Pouyanne, group chairman and CEO, said Monday.
"Everything is here. We just need to conclude with the tweaks
and changes necessary to unlock the outstanding potential in both
oil and gas," said Pouyanne.
The company holds interest in about 30 oil-mining leases in
Nigeria, and it operates onshore and offshore. It is also a
shareholder in Nigeria's liquefied natural gas plant.
Pouyanne said Nigeria was "very important" for TotalEnergies,
accounting for 8% to 10% of the company's worldwide total
production and over 18% of its global investment.
(END) Dow Jones Newswires
December 18, 2023 15:23 ET (20:23 GMT)
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