.Company cites two major investment decisions in gas development, reaffirms long-term commitment to Nigeria
TotalEnergies EP Nigeria Limited has described Nigeria’s business environment as increasingly conducive to investment, citing two major Final Investment Decisions (FIDs) taken in just over a year as evidence of renewed opportunities in the country’s oil and gas industry.
The company said the investment decisions reflect the growing potential of Nigeria’s energy sector, particularly natural gas, while reaffirming its long-term commitment to the country after seven decades of downstream operations and 67 years in the upstream sector.
Speaking on behalf of TotalEnergies at the 2026 Annual Energy Conference of the Association of Energy Correspondents of Nigeria (NAEC) in Lagos, Mr Senan Murray, Deputy General Manager, External and Country Communication, said the prevailing business climate was encouraging for investors.
The conference, themed “Access to Assets: Empowering Players and Driving Growth,” brought together regulators, international oil companies (IOCs), indigenous operators and power sector stakeholders to examine investment opportunities, asset acquisition, divestment trends and the operational changes reshaping Nigeria’s energy industry.
Murray disclosed that TotalEnergies had reached two significant investment milestones, underscoring its continued interest in developing Nigeria’s oil and gas resources.“In June 2024, we took FID with NNPC and our partners to develop Ubeta, and only last month we took another FID to develop the IMA gas project,” he said.
He expressed optimism that the country could attract additional investments in the coming months and years, pointing to the importance of a business environment that supports project development and long-term capital commitments.“These are exciting times. The environment is now very amenable to business, and we will see even more in the coming months and years,” Murray stated.
The remarks come amid growing attention to Nigeria’s ability to attract fresh capital into its oil and gas industry, as operators navigate the changing ownership structure of upstream assets, expand gas development and seek opportunities to improve production.
Access to capital, regulatory certainty, commercial viability and the ability to bring projects into production remain important considerations for investors seeking to participate in Nigeria’s energy market.Gas Development and Emissions ReductionBeyond investment, TotalEnergies highlighted the role of natural gas in its Nigerian operations and its commitment to reducing emissions while expanding energy production.
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Murray said both investment decisions incorporated measures to eliminate routine gas flaring, reflecting the company’s approach to developing energy resources while limiting environmental impacts.“Both FIDs are with zero routine flaring. We are taking advantage of the government’s incentives for non-associated gas,” he said.The company also disclosed that it had partnered with the Nigerian National Petroleum Company Limited (NNPC) to strengthen methane emissions monitoring across its operational sites.
According to Murray, the partnership deploys TotalEnergies’ proprietary AUSEA technology to improve the monitoring of methane emissions, an important step towards identifying and controlling emissions from oil and gas operations.“If you monitor methane emissions, you can control it,” he said.
Methane management has become an increasingly important issue for oil and gas operators as the industry faces pressure to reduce greenhouse gas emissions while meeting energy demand. Improved monitoring can help operators identify emission sources and implement measures to address them.
For Nigeria, expanding natural gas development while reducing routine flaring also aligns with efforts to commercialise gas resources, attract investment and strengthen the role of gas in the domestic economy.
Murray also emphasised the importance of sustained engagement between energy companies and the media in improving public understanding of Nigeria’s energy industry.He commended NAEC for maintaining its annual conference as a platform for dialogue among industry operators, regulators, policymakers and journalists.“On behalf of TotalEnergies EP Nigeria Limited, we thank you for the opportunity to be part of this year’s conference. You’ve done this very faithfully over the past decades, and we are delighted to partner with you to make sure the story of Nigeria’s energy sector is told properly,” he said.The conference provided an opportunity for stakeholders to discuss the challenges and opportunities associated with asset transfers, indigenous participation and the changing investment landscape across the oil, gas and power sectors.
