Total Exploration and Production Nigeria Limited has invested $5 billion in Nigeria in the last five years, in spite of the challenging business environment in the country triggered by the plunge in oil prices.
The Managing Director of the firm, Mr Nicolas Terraz, who disclosed this when members of the House of Representatives Committee on Local Content paid a courtesy visit to his office in Lagos, weekend, also explained Total’s activities in Nigeria and the huge bouquet of projects contributing to the socio-economic development of the country.
Terrez highlighted some of the progress the company has made on its major projects such as the OML 58 Upgrade, Ofon Phase 2 and Egina.
He said that his company would commence delivery of gas through its Northern Option Pipeline (NOPL) to Alaoji power plant this month to improve electricity supply to Nigerians.
The Deputy Managing Director, Deep Water District of Total, Mr Ahmadu-Kida Musa, also expressed the company’s commitment to the development of local content and the country.
