The TotalEnergies Group President of Exploration and Production, Mr. Nicolas Terraz, has continued to express the company’s investment confidence and optimism about new opportunities in Nigeria’s upstream industry, following his recent visit to the Nigerian Minister of Petroleum Oil, Sen. Heineken Lokpobiri.
Sen. Lokponiri has stated via his official X account that the visit by Mr. Nicolas Terraz and his team, which was in line with the company’s operations, is to inform the ministry of an update on their planned investments for 2027, noting that their discussions were constructive and forward-looking, reflecting the company’s sustained confidence in Nigeria and its long-term potential.
“As we deepen reforms and enhance stability, I also encourage other operators to adopt a forward-looking outlook and position themselves strategically for the opportunities that lie ahead in the coming years,” Sen. Lokponiri has stated.
TotalEnergies has flagged off a multimillion-dollar Ubeta project in Nigeria, among others, signaling the company’s undaunting confidence in investing in the Nigerian energy space, which was underscored by Mr. Terraz’s statement that clarity and fairness have been exhibited in the country’s previous bid round, which in turn has strengthened investors’ confidence.
The company has applauded the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for delivering a transparent 2024 mini-bid round, signaling strong interest in the forthcoming 2025 Licensing Round that commenced on December 1, 2025.
“Drawing from the 2024 bid round, the 2025 edition would be positive,” Mr. Terraz said in his courtesy visit to NUPRC in November last year, stressing that TotalEnergies is “optimistic about the new bid round.”
