Royal Times of Nigeria.
  • News
    • Politics
    • World
  • Opinions
    • Editorial Opinion
    • Advertorial
  • Metro
  • Lifestyle
  • Foreign
  • Sports
  • Editorial Policy
TRENDING
Kwara United coaches given 2-matches ultimatum as team...
Non Government Organisation  Holds Workshop For Teenage Girls...
German chancellor says he won’t send fighter jets...
Nigerians Turn To ‘Naija’ Used Cars As ‘Tokunbo’...
Kwara traders close shops over misunderstanding on non...
INEC to Test BVAS with Mock Accreditation Exercise...
Get ready to mitigate against 2023 flood –...
APC PCC commends CBN, Buhari for extension of...
Sharia Council advises INEC to hold all elections...
Naira swap: House committee rejects extension, threatens Emefiele’s...
President CBN Extends Old Naira Use Deadline Till...
Super Eagles Midfielder Return To Training After Suffering...
Libya To Sign Gas Deals With Italy
Dyche Set To Become Iwobi’s New Manager At...
International Criminal Court To Reopen Investigations Into President...

Royal Times of Nigeria.

Banner
  • News
    • Politics
    • World
  • Opinions
    • Editorial Opinion
    • Advertorial
  • Metro
  • Lifestyle
  • Foreign
  • Sports
  • Editorial Policy
News

Total to boost Nigeria’s daily oil production

written by Taiwo Adediran August 2, 2017
Total to boost Nigeria’s daily oil production
Total oil workers set for higher production

Total oil on Wednesday said that it would boost the Nigeria’s daily oil production by 200,000 barrels from 2018.

Mr Nicolas Terraz, Managing Director of Total upstream said that the additional barrels would come from the company’s multi-billion dollar Egina Field Development.

Mr Biodun Afolabi, Executive Director, Corporate Affairs and Services of Total spoke on behalf of Terraz at the on-going 2017 Nigerian Annual International Conference and Exhibition of the Society of Petroleum Engineers in Lagos

According to the chief executive officer, the Egina Field Development will come on stream in 2018.

The managing director, who made the disclosure at the, restated the company’s unflinchingly commitment to the future of Nigeria.

“The company is at present along the value chain from upstream to the downstream sector where Total is a leader, with close to 550 service stations across the length and breadth of Nigeria.

“In the last five years, the Total Group has invested US$10 billion in the Nigerian oil and gas sector.

“Today, we have expertise and strong positions in the onshore, offshore and deep offshore.

“Our Egina Field Development, which is near completion, is expected to add 200,000 barrels per day to Nigeria’s output, when it comes on stream in 2018,’’ he said.

Terraz said the industry was facing a shakeout, as oil price is still low, and the economy is recovering from recession.

He said the 2017 conference and exhibition of the society provided a platform for common objective of positioning the industry to absorb the vagaries of fluctuating price regimes, uncertainties and other challenges within the operating environment.

Join our twitter community :

Follow @royaltimesng
0 comment
0
Facebook Twitter Google + Pinterest
Taiwo Adediran

previous post
Nuclear Ambitions: Philippines’ Duterte rebukes N/Korea’s leader
next post
Real estate coy sets to end housing deficit

You may also like

The person who can solve Nigeria’s problems at...

September 18, 2017

Buhari summons IG over breach of presidential order

March 14, 2018

Hushpuppi, gang defrauded 1,926,400 people, made N168bn –...

June 25, 2020

Nigeria rises on world prosperity index

December 3, 2018

Stop provocations, let’s talk, South Korea tells North...

July 25, 2017

LeBron James becomes youngest player to reach 30,000...

January 24, 2018

Sri Lanka bans face coverings after Easter Sunday...

April 29, 2019

Dangote puts Nigeria on the world map

June 15, 2020

I Will Not Be Part Of A Rubber...

July 29, 2019

FG set to covert automobiles to run on...

September 14, 2020

Leave a Comment Cancel Reply

Facebook

Editorial Opinion

  • 1

    2023 Elections: “Data Boys”, Need for Caution

    August 9, 2022
  • 2

    PARENTS CHARGED TO IMMUNIZE THEIR CHILDREN AGAINST DEADLY ROTAVIRUS

    August 27, 2022
  • Burna Boy to Release Mini Documentary for Single titled “Whiskey”

    December 7, 2022
  • Ruger releases long awaited song

    November 15, 2022
  • Vice President Osinbajo Dances, Sings Kizz Daniel’s ‘Buga’ At World Tourism Conference

    November 15, 2022
  • Davido Postpones Atlanta Festival Till 2023

    November 10, 2022
  • TIWA, REVISITS LEAKED VIDEO, SAYS TAPE CANNOT RUIN HER

    November 8, 2022
  • Kwara United coaches given 2-matches ultimatum as team loses to Enyimba

    January 30, 2023
  • Kwara Government Set To Commission Modern Glass Squash Courts

    January 26, 2023
  • Linette To Face Sabalenka In Australian Open Semi-Finals

    January 25, 2023
  • Nasarawa United  Management, Technical Crew Face Sack Over Poor Results

    January 25, 2023
  • Arsenal beat Man Utd with last-minute Nketiah goal

    January 23, 2023
  • Facebook
  • Twitter
  • News
    • Politics
    • World
  • Opinions
    • Editorial Opinion
    • Advertorial
  • Metro
  • Lifestyle
  • Foreign
  • Sports
  • Editorial Policy

@2017 -Royaltimes of Nigeria. All Right Reserved.

Posting....