Patrick Pouyanné and President Bola Tinubu meet to discuss long-term partnership, investment, and emissions reduction initiatives.
Renewed Partnership and Significant Investments
In a strategic meeting between Patrick Pouyanné, Chairman and CEO of TotalEnergies, and President Bola Ahmed Tinubu of Nigeria, the commitment to a lasting partnership was reaffirmed. Over the past decade, TotalEnergies has emerged as Nigeria’s largest private energy investor, contributing significantly to projects like Egina, Ofon Phase 2, OML 58 Upgrade, and the recently initiated Ikike project.
The company possesses an extensive portfolio, indicating potential future investments exceeding $6 billion (100%).
Methane Emissions Reduction and Zero Routine Flaring
TotalEnergies has demonstrated its commitment to environmental responsibility by endorsing the World Bank’s “Zero Routine Flaring by 2030” initiative. As a pioneering move, TotalEnergies, in collaboration with the Nigerian National Petroleum Company Limited (NNPCL), successfully concluded the OML 100 Flare Out project in December 2023, marking the complete elimination of routine flaring from all its operated assets in Nigeria.
In a groundbreaking development, TotalEnergies has signed a cooperation agreement with NNPCL for methane detection and measurement campaigns. This initiative will leverage advanced drone-based technology, AUSEA, to monitor Oil & Gas facilities in Nigeria, contributing to the reduction of methane emissions.
Leadership Perspectives and Future Collaboration
Patrick Pouyanné expressed TotalEnergies’ pleasure in announcing the end of routine flaring in Nigerian operations and the sharing of AUSEA technology with NNPCL. He emphasized the commitment to supporting NNPCL in adhering to the Oil & Gas Decarbonization Charter.
The meeting between Pouyanné and President Tinubu also delved into discussions about improving the investment climate, ensuring operational security, and TotalEnergies’ future investment plans in Nigeria.
TotalEnergies in Nigeria and Global Sustainability Efforts
With a legacy of over 60 years in Nigeria, TotalEnergies employs more than 1,800 people across various business segments in the country. Nigeria significantly contributes to TotalEnergies’ global hydrocarbon production, with 204,000 boe/d produced in 2022. TotalEnergies operates a vast distribution network of approximately 540 service stations, showcasing a commitment to socio-economic development and collaboration with local communities.
About TotalEnergies
TotalEnergies, a global multi-energy company, focuses on producing and marketing oil, biofuels, natural gas, green gases, renewables, and electricity. With over 100,000 dedicated employees operating in nearly 130 countries, TotalEnergies prioritizes sustainable development across all dimensions to contribute to the well-being of communities worldwide.
Source：businesswire.com
