Getting inactive and untapped assets to work remains critical in our drive to ramp up production, and the Federal Government remains firmly committed to supporting operators in this regard. I emphasized this commitment during my visit to TotalEnergies’ Headquarters in Paris and their Research Institute in Pau, France.
UPDATE:
Getting inactive and untapped assets to work remains critical in our drive to ramp up production, and the Federal Government remains firmly committed to supporting operators in this regard. I emphasized this commitment during my visit to TotalEnergies’ Headquarters in Paris and their Research Institute in Pau, France.
The visit, which was at the instance of TotalEnergies, forms part of our continuous engagement with international stakeholders and their own engagement with policy makers, particularly as the company prepares to unlock a number of assets – some secured during the last bid round, and others held previously.
President Bola Ahmed Tinubu has been unequivocal in his mandate for all operators to unlock dormant fields, and as policy maker and supervisor of regulatory agencies, we are pursuing this mission with the full dedication required to actualize it. I am particularly pleased that TotalEnergies is taking decisive steps in this direction.
At their Research Center, where we reviewed their Smart Room and support center, which has the capacity to complement our efforts to ramping up production, I reiterated our readiness to providing regulatory support as they unlock these assets. The time to ramp up production is now, and the benefits are mutual.
– Sen. Heineken Lokpobiri Ph.D.
(Federal Minister of Petroleum Resources State, Oil)
