Total invests $10bn in Nigeria’s oil sector

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Total invests $10bn in Nigeria’s oil sector

Mr Nicolas Terraz, the Managing Director and Chief Executive, Total Upstream Companies in Nigeria, said the companies invested over 10 billion dollars in the country oil and gas sector. Terraz disclosed this during the 2017 August Conference of Association of Energy Correspondents of Nigeria (NAEC) in Lagos.

According to him, with expertise and strong position in the onshore, offshore and deep offshore, its Egina field development nearly completed, was expected to add 200,000 barrel per day to Nigeria’s output on stream in 2018. The managing director said the company was presently along the value chain from upstream to the downstream sector where Total was a leader with close to 550 service stations across the length and breadth of Nigeria.”

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