NCDMB congratulates TotalEnergies on its investment policy in the country – ::: … The Tide News Online ::: …



The Executive Secretary of the Nigerian Content Development Oversight Council (NCDMB), Mr. Simbi Wabote, described TotalEnergies as the most successful multinational oil company in the use of local content recommendations by the federal government.
Wabote, who presented this commendation at the IKD1 Topside Sail Away delivery ceremony of the IKIKE field development project to Saipem Contracting Nigeria Limited’s Rumuolumeni shipyard, Port Harcourt described the largest multinational oil and gas company as having kept the faith in Nigerian oil and gas. industry among upstream players amid challenges and uncertainties over the past 10 years.
According to him, “it is known that TotalEnergies has been the only upstream company to make final investment decisions on major projects over the past 10 years. The company has always trusted Nigeria’s oil and gas industry despite its ups and downs ”. The first was the Egina project, which saw nearly $ 20 billion spent in the country. Today we are doing this Sail Away as an add-on and other fabrications that have happened in the country. Here again, Total’s enormous investment, particularly in the areas of connection to existing installations, Total is doing extremely well.
“Other companies have talked about connection opportunities, but the discussion we had around them is how to conduct these activities outside the country when many Nigerians are unemployed and many construction sites manufacturing are currently unemployed. Today Nigeria has a manufacturing capacity of nearly 15,000 metric tonnes thanks to Total, which has established most of these yards.
He added: “Nigeria is keen to have strategic partners such as TotalEnergies to enable us to achieve our goals, especially given the enactment of the Petroleum Industry Act (PIA). The Board is pleased to note that TotalEnergies is committed to investing in a sustained manner in the gas sector, taking into account renewable energies.
The Managing Director and CEO of TotalEnergies Nigeria, Mike Sangster, noted that the IKIKE project was a model for future development also said: and the growth of the oil and gas sector.
Sangster observed that the IKIKE project, while reaching the additional 32,000 bpd, also aims to “capitalize on the lessons learned from previous projects (OFON2, OML 58 Upgrade) to ensure development with a strategy adapted to the context, maximize content local at a sustainable cost, simplified design, economical and rapid execution up to the first oil and create a model for future similar developments of TotalEnergies.
He added that the Sail Away was a signal towards the completion of the last platform to allow the connection of the IKIKE project to the production of Amenam with a view to releasing more than 32,000 barrels of oil per day from the second. quarter 2022.
For his part, the IKIKE project manager, Modestus Nwosu, said that with the IKD1 Topside delivery, the project, a joint venture between the Nigerian National Petroleum Corporation (60%) and TotalEnergies (40%) had reached 74% of completion.
Also speaking, Saipem Nigeria Limited Managing Director Walter Peviani, who locally manufactured the IKD1 Topside at his Port Harcourt yard in collaboration with local companies, IGPES and other subcontractors, thanked TotalEnergies for believing in its ability to deliver on time without wasting time. Injury (LTI) or incident amid industry challenges, including Covid-19.

By: Tonye Nria-Dappa



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