TotalEnergies takes FID on Ubeta gas project Q1 2024
Port Harcourt -- The Managing Director of TotalEnergies EP Nigeria Limited, Mr Mike Sangster, has announced that the final investment decision, FID, for the company's upcoming Ubeta gas project would be taken in the first quarter of 2024.
Ubeta, according to the French multinational, is the latest discovered but undeveloped well in OML58, which is operated by the company in Rivers State, Nigeria.
Speaking on the project, Sangster explained that Nigerian
Content opportunities abound in Ubeta gas project, though not a big project as it was an 11kilometre pipeline which would be tie-in into an existing facility within OML58.
The TotalEnergies boss spoke during a panel session on Upstream Opportunities at the 4th Nigerian Oil and Gas Opportunity Fair, NOGOF, 2023 organised by the Nigerian Content Development and Monitoring Board in Yenagoa Bayelsa State.
Represented by the Executive Director, JV Assets, TotalEnergies, Mr. Obi Imemba, Sangster affirmed that TotalEnergies remained committed to low carbon energy in Nigeria.
He said: "We are committed to low carbon energy in Nigeria. We are going to make sure that the partners, suppliers and contractors embrace our climate and sustainability principles.
"For the local community, we are going to ensure the prosperity that we bring will be sustainable prosperity. We know that the PIA has established the HCDT and we will not also take that for granted, we will embark on a very strategic and structured community empowerment programme by making sure that community members are involved in this project.