Oritsegbubemi Omatseyin
Lagos — Efforts at advancing Nigeria’s deep offshore exploration and production took centre stage at an engagement between the management of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, and TotalEnergies in Abuja.
During the meeting, other pivotal issues around the growth of the oil and gas industry in Nigeria were also discussed.
The issues include incentivising deep drilling endeavors necessitated by substantial financial commitments for field development in the deep offshore, the forthcoming bid round slated to be unveiled at an appropriate time, and the imperative of meeting domestic crude oil supply obligations, DCOSO.
The Chief Executive Officer of NUPRC, Engr Gbenga Komolafe, while welcoming the TotalEnergies team, was emphatic on the commission’s determination to drive stability and inflow of investment into the Nigerian Oil and Gas sector.
During the meeting, attention was also directed toward addressing the financial aspects of decommissioning and abandonment activities, crucial for ensuring sustainable practices in the sector.
The Managing Director of TotalEnergies, Mr Mathieu Bouyer, described his visit to the NUPRC as strategic as it underscores his company’s commitment to collaborative partnerships towards fostering a thriving energy landscape in Nigeria.
This article was originally posted at sweetcrudereports.com
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