. Divestment, investment, regulatory approval among topics of interest

. Total Energies dedicated to investigating new prospects…

. New strategy towards contract varieties and necessity of collaborations…

The President/CEO of TotalEnergies globally, Patrick Pouyanné, recently visited the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, articulating his company’s interest in exploring additional sectors for investment.

He engaged with Komolafe at the commission’s headquarters in Abuja, with the discussion centering on topics pertaining to divestment, investment, and regulatory approval. They delved into the ongoing initiatives linked to the Shell Petroleum Development Company Joint Venture (SPDC JV) deal, which encompassed the current status of the deal and its potential consequences for future investment prospects in Nigeria’s upstream petroleum industry.

Furthermore, he notified the CCE that TotalEnergies has enrolled for the ongoing bid round, indicating its dedication to investigating new prospects and understanding NUPRC’s stance on the process.

It is to be seen that these factors encompass the commission’s strategy towards contract varieties and the necessity of collaborations within the bidding framework.

Komolafe underscored NUPRC’s dedication to nurturing a conducive business environment for all players.

He stressed that as a facilitator of business under the Petroleum Industry Act (PIA), NUPRC is committed to formulating new regulations aimed at streamlining operations, promoting foreign investments, and simplifying business procedures in Nigeria’s petroleum sector.