The Federal Government has reaffirmed its commitment to fostering increased crude oil production through supportive policies, incentives, and strategic partnerships with international oil companies (IOCs).
This reassurance came during a courtesy visit by Mr. Nicolas Terraz, President, Exploration & Production at TotalEnergies SE, to the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, in Abuja.
During the meeting, Terraz provided updates on TotalEnergies’ ongoing and future operations in Nigeria. He confirmed the successful drilling of additional wells. He also highlighted their continued stability of production, while noting the company’s divestment of its interest in the Bonga North project to Shell.
