Nigeria’s daily oil production would be boosted by 200,000 barrels from 2018, the Managing Director and Chief Executive Officer, Total upstream companies in Nigeria, Mr Nicolas Terraz, said on Wednesday.
Terraz, who spoke through his representative, Mr Biodun Afolabi, Executive Director, Corporate Affairs and Services, stated that the company’s multi-billion dollar Egina Field Development would be responsible for the extra production.
By 2018, the Egina Field Development would begin its production, as confirmed by the chief executive officer.
The managing director’s statement on the oil production was made at the 2017 Nigerian Annual International Conference and Exhibition of the Society of Petroleum Engineers in Lagos. The company according to him, is devoted to securing the future of Nigeria.
He said: “The company is at present along the value chain from upstream to the downstream sector where Total is a leader, with close to 550 service stations across the length and breadth of Nigeria.
“In the last five years, the Total Group has invested $10bn in the Nigerian oil and gas sector.
“Today, we have the expertise and strong positions in the onshore, offshore and deep offshore.
“Our Egina Field Development, which is near completion, is expected to add 200,000 barrels per day to Nigeria’s output when it comes on stream in 2018.’’