Public Expectation and Pressure is Becoming Stronger on Climate Change – Sangster
The Managing Director/Chief Executive of Total Upstream Companies in Nigeria, Mike Sangster has explained that the public expectation and pressure is becoming stronger on climate change and this is one of the reasons Total is changing its name to TotalEnergies.
Mr. Sangster made this known as a panelist in one of the sessions titled: Upstream Opportunities of the 2-day Nigeria Oil & Gas Opportunity Fair (NOGOF). The fair which commenced virtually on Tuesday, May 25, 2021 was organised by the Nigerian Content Development and Monitoring Board (NCDMB).
The theme of the third bi-annual fair was: Leveraging Opportunities & Synergies for Post Pandemic Recovery of The Nigerian Oil & Gas Industry.
“We have to realise that the reason energy transition has been spoken of as many times in the past few months is that the public expectation and pressure is becoming stronger on climate change. For my company Total, we are having a general meeting in Paris this week to change the name from Total to TotalEnergies. We are an oil and gas company, but we also want to become an electricity company,” said Mike Sangster.
Regarding opportunities available for local contractors, the MD said, “We are in the process of delivering our Ikike project and this is being done with a high level of Nigerian content. Local contractors are being used for the installation of the equipment and major activities. For our future opportunities, Ettisong and Eben in shallow waters are discoveries we’ve made in recent years. We are looking at developing Ubeta field in the onshore which again will help supply gas to the domestic market in Nigeria. This will bring a lot of work for local contractors in Nigeria.”
In his address, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari remarked that, “the Nigeria oil and gas industry is full of opportunities,” and discussed the areas of synergy that could be created between the NNPC and potential investors.
Addressing the participants at the opening ceremony, the Minister of State for Petroleum Resources, Timipre Sylva stated: “I urge all the players and key stakeholders to use this fair as a platform to evaluate the opportunities, discuss strategies and form synergies that will encourage recovery and growth for the Nigeria oil and gas industry.” He was represented by his Chief of Staff, Moses Olamide.
Similar view was expressed by the Chairman Senate Committee on Local Content, Teslim Folarin. He said: “This fair is a critical rallying platform to bring all stakeholders across the industry together, to chart the way forward to a quick and successful recovery of the industry. Let us remember the lesson the pandemic has brought to us, the challenges such as the fast moving energy transition, the battle for energy space and impending relegation of crude oil.”
Among series of panel sessions held at the virtual fair, the Executive General Manager Operations Support Services, Alex Aghedo, moderated the technical session titled: How has the pandemic affected NCDMB's 10 year strategic roadmap to achieve 70% local content by 2027. The panel reiterated that the NCDMB achieving the target of 70% local content is achievable by 2027 because the strategic roadmap is ongoing even with the transition to renewables.
In his remarks, the Executive Secretary, NCDMB, Simbi Wabote urged participants to take advantage of opportunities. “Last year has been very challenging. 2021 is presenting its own challenge. I ask you all to take note of these opportunities shared in the last two days,” he said.
Total management and staff participated at the fair.