Total Exploration and Production Nigeria Limited, says it would continue to deepen its investments in the nation’s oil and gas sector despite the challenging operating environment therein. The company also said it would remain in business by continuing to adapt to the dynamic economic environment through cost optimisation without compromise of its safety standards.

Ahmadu-Kida Musa,the company’s managing director, deep water district,who gave the commitment at the National Association of Energy Correspondents conference in Lagos, also said the company would capitalize on its strengths to secure future growth by leveraging on current market conditions to extend its capacity. He further disclosed that Total has invested $10billion in Nigeria in the last five years.

“We have a broad and diversified portfolio in Nigeria, with activities spanning onshore, conventional offshore, deep water and liquid natural gas. Indeed, Total is the only integrated international oil company with presence throughout the entire value chain of the industry in Nigeria. Total has developed a strong partnership with the Nigerian National Petroleum Corporation (NNPC) and other partners,” he said.

Source: Independent

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