TOTAL TO BOOST NIGERIA’S OIL OUTPUT BY 200,000 BPD NEXT YEAR
source : http://www.eyesoflagos.com/2017/08/total-to-boost-nigerias-oil-output-by.html

Total oil yesterday said that it would boost Nigeria’s daily oil production by 200,000 barrels from 2018.
Managing director of Total upstream, Mr Nicolas Terraz said that the additional barrels would come from the company’s multi-billion dollar Egina Field Development.
Executive director, Corporate Affairs and Services of Total, Mr Biodun Afolabi, spoke on behalf of Terraz at the on-going 2017 Nigerian Annual International Conference and Exhibition of the Society of Petroleum Engineers in Lagos
Eyes Of Lagos gathered that, 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.
Meanwhile, contrary to the reports of its indebted to the Nigerian National Petroleum Corporation (NNPC) and Petroleum Products Marketing Company (PPMC), Total Nigeria Plc, said it was not and never indebted to both entities, outside the ordinary course of business.

Total still remain number 1 in Africa
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Thank God for niger delta region....... Catering for one Nigeria.

Other counties are banning petrol cars for hybrid but Nigeria is busy intensifying efforts to increase oil production.

donestk:
Thank God for niger delta region....... Catering for one Nigeria.

Our oyel

donestk:
Thank God for niger delta region....... Catering for one Nigeria.

Sadly.

This is why some traditional rulers get additional N700m houses in Abuja and why some ex-governors collect salary as pension

The exploitative extraction are in the 'savage jungles' of the Niger Delta but the value added events can only be held in somewhere 'safe'.

Before there can be meaningful peace, justice must be served.

Oyel is not the future

boostdom:
The exploitative extraction are in the savage 'jungles' of the Niger Delta but the value added events can only be held in somewhere safer.

Before there can be meaningful peace, justice must be served.

Let them be boosting, we need more fuel in Nigeria,


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three:


Sadly.

This is why some traditional rulers get additional N700m houses in Abuja and why some ex-governors collect salary as pension

Exactly, Oil is the black Man's Aztec's gold

I don't see how this is good news. More money to be shared by the useless govt in Abuja. The govt is the problem of Nigeria, not any tribe. Can't get power output up to 10kMW in 57 years of existence. I'm out!!!!

These oil companies are researching and funding renewable energy with oil profits. 9ja is just sharing. In 2050 only knws hw 9ja go b

K

boostdom:
The exploitative extraction are in the 'savage jungles' of the Niger Delta but the value added events can only be held in somewhere 'safe'.

Before there can be meaningful peace, justice must be served.

Tell them!

Their words are often placatory but their actions show that even if they export $1Mbpd; we Niger Deltans wld still get shortchanged.

That...is set to change!

IdeyFindWife:


Tell them!

Their words are often placatory but their actions show that even if they export $1Mbpd; we Niger Deltans wld still get shortchanged.

That...is set to change!

You see, it's the slow knife... the knife that takes its time, the knife that waits years without forgetting, then slips quietly between the bone's legs... that's the knife that cuts the deepest.

This project is a dep see project

This will give the government extra 304 billion at least a year without tax

Can we just use this to give soft loans (2% per year ) to graduates with their certificates submitted back to their school as collactaral ?

Say 2m to 10m loan depending on business plan but should be around producing what we import now or producing something we can export

Close to 50,000 businesses can be created every year and this can created over 500000 new jobs every year directly


Or we can use this money to fix our rail system or our ports or transmission lines and gas supply lines so out electricity production can reach 12mw in a year ( we have the instealed capacity already )

All I am saying we need this money to be used for what we can see

Egina baby!!

is that y dey keep sacking their staff any how?

that's over a trillion naira in a year . At the end nothing come out