Ahmadu-Kida Musa, Deputy Managing Director, Deep Water District, Total E&P Nigeria Limited has promised a 200, 000 barrel per day increase to Nigeria’s oil output by the fourth quarter of the year. Musa disclosed this at the National Association of Energy Correspondents’ Conference in Lagos.
He stressed that the theme of the conference: “Petroleum Industry Governance Bill: Emerging issues and concerns,” was germane at a time that the Nigerian oil and gas industry was undergoing reforms.
The deputy-managing director said TOTAL upstream branch had played a significant economic and social role in Nigeria, driving nearly 15 per cent of the country’s oil production, expressing confidence that despite the different challenges that the country was facing, the company remains committed to investing in Nigeria.
He said the plans are expected to have far-reaching impact in the way businesses in the sector were conducted. He explained: “Our Egina Deep water development project, which is nearing completion, will add the 200,000 barrels of oil per day to Nigeria’s production.” Musa assured of the oil company’s determination to intensify efforts in exploration and appraisal activities.
He added: “Our plan is to maintain aggressive exploration and appraisal well-drilling to play a part in increasing the hydrocarbon resource base of the nation.”