TotalEnergies has reiterated its commitment to business interests in Nigeria, confirming that its head, Patrick Pouyanne, held a meeting with Nigeria’s President Bola Tinubu in Abuja on Monday.
The French company announced the signing of a cooperation agreement with Nigeria’s oil firm NNPC Ltd for conducting methane detection and measurement campaigns using its advanced drone-based AUSEA technology on oil and gas facilities in Nigeria.
According to a statement from President Tinubu’s office, Total Energies has committed to “invest $6 billion in the coming years,” with a focus on offshore oil projects and gas production across all terrains, as stated by Pouyanne.
Tinubu’s meeting with Pouyanne follows similar discussions with oil majors Shell and Exxon Mobil as part of efforts to attract capital to Africa’s leading energy producer.
The statement notes that Nigeria’s oil output, the largest economy in Africa, has experienced a decline over the years due to large-scale theft and sabotage.
However, recent months have seen an uptick, aided by offshore production, which is less susceptible to attacks.
Tinubu has committed to removing “anti-investment impediments in the oil and gas industry” and providing incentives to producers to enhance gas output.