Advancing deep offshore exploration and production efforts, took the Centre stage at an engagement between the management Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and that of TotalEnergies on Wednesday 7th February 2024 in Abuja.

During the meeting other pivotal issues that boarders around the growth of the Oil and Gas industry in Nigeria were also discussed.

These issues include incentivizing 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 Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, (NUPRC) Engr Gbenga Komolafe while welcoming the TotalEnergies team, was emphatic on NUPRC’s determination to drive stability and inflow of investment into the Nigerian Oil and Gas sector.

During the meeting, attention was also directed towards 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 that underscores his Company’s commitment to collaborative partnerships towards fostering a thriving energy landscape in Nigeria.