TotalEnergies eyes new opportunities in 2025 licensing round
TotalEnergies has applauded the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for delivering a transparent 2024 mini-bid round and has signalled strong interest in the forthcoming 2025 Licensing Round scheduled to commence on December 1, 2025. This was made during a courtesy visit to the Commission Chief Executive (CCE), Engr. Gbenga Komolafe, by a high-level TotalEnergies […]
TotalEnergies Nigeria
TotalEnergies has applauded the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for delivering a transparent 2024 mini-bid round and has signalled strong interest in the forthcoming 2025 Licensing Round scheduled to commence on December 1, 2025.
This was made during a courtesy visit to the Commission Chief Executive (CCE), Engr. Gbenga Komolafe, by a high-level TotalEnergies delegation led by the President, TotalEnergies Exploration and Production, Mr. Nicolas Terraz.
In a statement by NUPRC’s Head, Media and Strategic Communication, Eniola Akinkuotu, Komolafe reiterated the commission’s commitment to a predictable regulatory environment, stating it is not only a regulator but a strategic business enabler in line with the provisions of the Petroleum Industry Act (PIA) 2021.
According to him, the era of regulatory ambiguity in Nigeria’s upstream sector is over.
“Now, in Nigeria, we have a regulator that steps in to address the issues as an enabler,” the NUPRC helmsman stated, underscoring the Commission’s investor-centric reforms and continued drive to improve operational clarity for oil and gas companies.
Engr. Komolafe also commended TotalEnergies for its recent execution of projects under the Obagi Host Communities Development Trust (HCDT), describing the development as a demonstration of the company’s commitment to community development and the spirit of the PIA’s host community provisions.
In his remarks, TotalEnergies Exploration and Production, Mr.Terraz praised the NUPRC for the transparency and credibility displayed during the 2024 mini-bid round.
He expressed confidence that the 2025 round would benefit from the Commission’s reform-driven processes and enhanced governance framework.