Oil
TotalEnergies reaffirms long-term commitment to Nigeria
TotalEnergies highlights decades of operations in Nigeria and points to recent final investment decisions as proof of an improving business climate.
Key points
- TotalEnergies marked 70 years downstream and 67 years upstream in Nigeria at the NAEC conference.
- The company highlighted recent FIDs for the Ubeta and IMA gas projects.
- Both new projects incorporate zero routine flaring and advanced methane monitoring technologies.
What happened
TotalEnergies EP Nigeria Limited has restated its long-term commitment to the country's energy sector, pointing to its extensive history as both a downstream and upstream operator. Speaking at the Association of Energy Correspondents of Nigeria annual conference in Lagos, Senan Murray, Dgm External and Country Communication at TotalEnergies, outlined the company's ongoing investments and strategic direction.
Energy Focus Report noted that the conference brought together regulators, international oil companies, and indigenous operators to discuss asset acquisition barriers and divestment trends. Murray stated that the business environment has become increasingly amenable to investment.
Why it matters
According to Energy Focus Report, TotalEnergies has advanced two major final investment decisions within a short timeframe, including the Ubeta development agreed with NNPC in June 2024 and the IMA gas project approved in September 2026. These moves underline continued international oil company participation in Nigeria's gas sector despite broader industry shifts.
With fuel exports making up 85.9 percent of merchandise exports in 2025, according to World Bank figures, sustained hydrocarbon investments remain central to the national economy.
What comes next
TotalEnergies indicated that further developments could follow as the current regulatory and business climate encourages more activity. The company also emphasized its focus on sustainability, noting that its recent gas projects are designed with zero routine flaring and utilize proprietary AUSEA technology for methane monitoring.
Original reporting
This article draws on the following reports. Read them in full on the publishers’ sites.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
85.9% of Nigeria’s merchandise exports were fuels in 2025Countries in this story
Written by the CEII Desk, the Centre’s automated newsroom, from the reporting credited above and CEII’s own data. Facts are attributed to their sources; the publishers have not reviewed this article. Spotted an error? Tell our editors.
