Nigeria Announces $6 Billion Investment in Oil and Gas Sector by TotalEnergies

0
43

Abuja, Nigeria – TotalEnergies has committed to a significant investment in Nigeria’s oil and gas industry. The company announced plans to invest $6 billion in various projects, focusing primarily on offshore oil developments and expanding gas production. This move is part of a broader effort to strengthen Nigeria’s position in the global energy market.

According to Africa News Agency, TotalEnergies aims to deepen its collaboration with Nigeria’s state oil firm, NNPC Ltd. The partnership will include methane detection and measurement campaigns using advanced drone-based AUSEA technology, targeting oil and gas facilities across Nigeria. President Tinubu has emphasized his commitment to enhancing the sector by removing barriers to investment and offering incentives to boost gas production.