Financial Energy Review
The Deputy Managing Director, Deep Water, TotalEnergies EP Nigeria, Victor Bandele, has said that long before the campaign for transition to low carbon energy, his company’s DNA was to make sure that it reducees its carbon footprint in Nigeria.
Bandele said that over the years before the current interest driven by climate change, Totalenergies as a company had taken some initiatives to ensure transition to net- zero Carbon emission in it’s operations.
He explained that the company completely arrested routine flaring on OFON and all the adjacent fields in 2014 which attracted World Bank recognition.
“That was followed a couple of years later with the Northern Option Pipeline (NOPL) with 300million scf of gas per day capacity giving boost to the Alaoji power plant, feeding the NLNG plant and now connecting Indorama. He said the most impressive project Nigeria had witnessed in recent times, the 200,000 bpd Egina field was also sanctioned on a zero routine flare basis.
“When you look at all that, you see that we have it in our DNA to make sure that we reduce our carbon footprint,” the Totalenergies boss said.
Bandele gave this perspectives during a panel session at the just concluded sixth Edition of the sub-Saharan African International Petroleum Exhibition and Conference organized by the Petroleum Technology Association of Nigeria (PETAN) in Lagos.
He therefore reaffirmed Totalenergies commitment to attaining carbon neutrality in its operations by the year 2050. He further provided an update on the company’s progress toward cleaner energy targets in the run-up to the deadline.
According to him, TotalEnergies is investing in all energy sources in various economies, including oil, solar, gas, biomass, wind, electricity, and hydrogen, in keeping with its new profile as an energy company.
He also noted that the Petroleum Industry Act (PIA) had clarified the budgetary parameters and the direction in which the government intended to steer the industry. He stated that the Act would aid in attracting more investment to enable Nigeria’s gas resources develop.
“TotalEnergies is partnering with all our partners and aligning with the government to make gas Nigeria’s transition fuel” he said.
