Nigeria: TotalEnergies renews the OML130 deep offshore license
Paris – WEBWIRE – Monday, May 29, 2023
TotalEnergies, operator of OML130 in Nigeria, announces the renewal of the production license on this block for 20 years.
Located 150 kilometers off the Nigerian coast, the OML130 block contains the prolific Akpo and Egina fields which came into production in 2009 and 2018 respectively. In 2022, production amounted to 282,000 boe/d: nearly 30% was gas sent to the Nigeria LNG plant, notably contributing to Europes energy security. The production start-up from Akpo West, a short-cycle project, is expected by the end of 2023. In addition, OML130 contains the Preowei discovery, to be developed by tie-back to the Egina FPSO.
Through the OML130 license renewal, TotalEnergies is pleased to continue its contribution to the development of Nigerias oil and gas sector. This 20-year extension will enable us to move forward with the FEED studies on the Preowei tie-back project which aims to valorize a discovery using existing facilities in line with Companys strategy focusing on low-cost and low-emission assets, saidHenri-Max Ndong-Nzue, Senior Vice President Africa, Exploration and Production at TotalEnergies.
TotalEnergies Upstream Nigeria Limited operates OML 130 with a 24% interest, in partnership with CNOOC (45%), Sapetro (15%), Prime 130 (16%) and the Nigerian National Petroleum Company Ltd as the concessionaire of the PSC.
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About TotalEnergies in Nigeria
TotalEnergies has been present in Nigeria for more than 60 years and employs today more than 1,800 people across different business segments. The Company produced 204,000 boe/d in 2022 in the country, making it one of the largest contributors to TotalEnergies hydrocarbon production. Its participation in Nigeria LNG, where construction of a 7th train is in progress, contributes to the Companys global LNG portfolio. TotalEnergies also operates an extensive distribution network which includes about 540 service stations in the country. In all its operations, TotalEnergies is particularly attentive to the socio-economic development of Nigeria and is committed to working with local communities.
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in nearly 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
Cautionary Note
The terms TotalEnergies, TotalEnergies company or Company in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words we, us and our may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. TotalEnergies SE has no liability for the acts or omissions of these entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorit des Marchs Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
Developing nations like Nigeria stand a chance to benefit from the US$ 1.76 trillion market, if they can position themselves to adopt and leverage Blockchain technologies, Kashifu Inuwa, Director General of the National Information Technology Development Agency (NITDA), said during Day 2 of the Digital Nigeria 2022 International Conferences, Exhibitions and Awards. The NITDA boss said “Developing countries like Nigeria, if we position ourselves, we can increase our GDP by at least 0.5 percent, which is almost US$ 25 billion. So today we are here to explore how we can position ourselves. The government has been doing it. It is in site. We have developed blockchain adoption strategies.” He revealed the NITDA Blockchain adoption strategy has four initiatives. “Firstly, to establish a consortia that will build the ecosystem. And today we are here to build that ecosystem and community! Secondly, to strengthen the regulatory instruments and have legal framework. and last week, the president signed the Nigerian startup Bill into law, now the Nigeria Startup Act 2022, which is going to provide legal instruments for all emerging technologies, including blockchain.” Inuwa noted “Thirdly, initiatives to incentivize the ecosystem which would encourage the building of use cases using blockchain, adding that the Start Up Act would to achieve that as well. And, fourthly is to build sandbox. We are going to work with you to develop sandbox for proof of concept and proof of value around blockchains. So, all that this government is doing, aims to make Nigeria attractive to blockchain investment.” He listed the benefits of Blockchain to include “Tracking and tracing. We can use it to solve our supply chain challenges. We can use it to track records like land titles. We can use it to track certificate, vaccine, and so many things, anything you can think of that needs that trust. Technology can also address payment system challenges and financial inclusion, adding that it can also be used to strengthen our identity management. “Not only personal identity, but even things’ identities. We’re talking about the Internet of Things. That means everything connected to internet needs to be identified. With Blockchain, you can achieve that when you use blockchain and IoT. You can even use it to manage government spending. In the budgeting process, you can use it to attach every single Naira to what it is budgeted for. You can trace it, and make sure there is traceability for every Naira spent by the government.” Blockchain Summit @ Digital Nigeria 2022: And then some.. The session witnessed panel discussions on Prioritizing Blockchain Technology, Implications for Digital Asset Innovation, Impacts of Blockchain on the Digital Economy: the Myth, the Truth and the Opportunities, and, One World Connected with Blockchain. The highlights of the summit were the inauguration of the Blockchain Campus Ambassadors and evolution of Blockchain Technology in Nigeria, in story-book form. “Blockchain is here to stay, and we are rapidly moving away from traditional process to the Digital Transformation process,” concluded Ibrahim Jega, Co-Founder of Domineum Blockchain Solutions, who together with NITDA hosted nearly 2000 guests at this year’s Blockchain Summit @ Digital Nigeria 2022, Day 2. See more Blockchain Summit at https://www.digitalnigeria.gov.ng
The Biafran Conscriptors LAGOS, Nigeria – Dec. 2, 2021 – PRLog — To my short-lived pleasant surprise, a package I sent to Nigeria arrived on time to Lagos and even made it to its destination at Owerri. But that was where my luck ended and the usual Nipost nightmare of delay and disgust began. When I became angry and began to ask why the package that reached Owerri was not released to the intended recipient, I finally received some answers. I learned that a supervisor in Lagos gave instructions to the Nipost staff in Owerri not to release the package. Following several calls to the Nipost office in Lagos, I spoke with the manager who issued an unbreakable order to hold the package. “Why did you give the instructions not to release the package?” I asked. “For your own interest,” the manager said to me with a voice as harsh as it was patriarchal. “I held the goods so that I could save you money on customs duty.” Even a child wouldn’t believe the manager’s story. I interpreted his actions as a deliberate intention to punish me and the recipient because we are of the Igbo tribe. Yet, Nipost’s staff was surprised that I got so upset about the matter. “Mr. Ajebolade,” I said to the manager, “in that package you held were diabetes and high blood pressure medicines going to relatives, including widowed women in their 80s. You dare not repeat this abuse next time without proper communication of the issues.” Had my package landed in Igbo lands in Owerri, Awka, Orlu, Enugu, or Onitsha and the manager’s name was Chukwudi instead of Ajebolade, this kind of hostility would not have occurred. Poor treatment of the Igbos is not new. It reached a climax during the Nigerian-Biafran civil war (1967-1970). In his book, There Was a Country: A personal story of Biafra (2012), Chinua Achebe discussed how Obafemi Awolowo, who was from the Yoruba tribe of Nigeria, devised a strategy for winning the Biafra-Nigeria war. Awolowo suggested to the Nigerian Head of State, Yakubu Gowon, to blockade food entry into eastern Nigeria, which was mostly occupied by Igbo tribes. Millions of Igbo children, along with their mothers and fathers, starved to death as a result. Igbo kids were so traumatized by Yakubu Gowon and Awolowo that the memory is etched into their DNA. Some children managed to hang on to life by eating lizards, grasshoppers, and house rats I do not think that efforts to keep the Igbos hungry, starved, and frustrated have decreased. Like a chameleon, those efforts have morphed with a changing world and a changing economy. Delaying the release of their goods and packages by Nipost is one such strategy to keep the Igbos down, demoralized, and defeated. Igbo merchants who deal in goods from inside and outside of Nigeria know this too well and bear the brunt of this hatred. As to my package, it was subsequently set free. Do you want to know how children look at Adults’ war? Read my memoir on Nigerian-Biafran Civil war:https://www.amazon.com/ Low voltage panels and switchboards from A/S Logstrup-Steel of Denmark are now directly available to Nigerian businesses. This service is brought to you by SwitchGreen Energy Ltd. The sole distributor of the Logstrup brand in Nigeria. It includes low voltage switchboards, motor control centers, low voltage distribution panels, and container solutions. Logstrup’s low-voltage panels and switchgear are appreciated globally by many engineering firms. The reason is their modular but solid design, high-quality materials and construction, reliability, and proven track record in delivering reliable electric power in the most demanding conditions. They provide reliable electricity control and supply modules for major industries, power stations, mining companies, data centers, marine/offshore projects, and similar heavy-duty applications. Nigerian enterprises can now benefit directly from Logstrup’s engineering expertise and 6-decade market experience by getting in touch with SwitchGreen Energy Ltd. Some benefits of using Logstrup modules Minimal downtime Interchangeable modular system Scalable custom designs Easy repairs & live-units reconfiguration Free choice of components About SwitchGreen: https://switchgreenltd.com.ng is a Nigerian engineering startup from Enugu, Nigeria. SwitchGreen recently went into partnership with A/S Logstrup-Steel Denmark to become the exclusive Nigerian distributor of the Logstrup brand.Digital Nigeria 2022, Day 2: Blockchain Adoption Can Increase Nigeria’s GNP, If…
Kashifu Inuwa, NITDA Director-General, “There are a lot of opportunities in Blockchain, and it is critical in every business. So, you need to task yourself to know which solutions or offerings the industry requires.”
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