We’ll continue to unlock inactive, untapped energy assets – Lokpobiri

The Federal Government has reaffirmed its commitment to unlocking inactive and untapped energy assets as a cornerstone of its strategy to boost national production. Speaking during a visit to TotalEnergies’ Headquarters in Paris and their Research Institute in Pau, France, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, said: “Unlocking dormant fields […]

The Federal Government has reaffirmed its commitment to unlocking inactive and untapped energy assets as a cornerstone of its strategy to boost national production.

Speaking during a visit to TotalEnergies’ Headquarters in Paris and their Research Institute in Pau, France, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, said: “Unlocking dormant fields is not optional – it is vital to our energy security and economic growth.”

In a statement, Nneamaka Okafor, Special Adviser on Media and Communication to the Minister, said Lokpobiri’s visit which was at the invitation of TotalEnergies, formed part of a broader engagement with operators and policy makers.

He quoted Lokpobiri as emphasising that Tinubu has issued a clear and unequivocal directive for all industry players: “Mr. President has made it explicit, operators must reactivate dormant assets.”

“As policy maker and supervisor to regulatory bodies, the Ministry of Petroleum Resources is actively supporting this national mission. We are driving this mission with every dedication required, and I am glad to see TotalEnergies taking the bold steps to unlocking their inactive and untapped assets.”

During the Pau visit, the Minister was briefed in the institute’s Smart Room and support centre, where state-of-the-art exploration and monitoring technologies were demonstrated.

Later, at TotalEnergies’ Paris headquarters, discussions focused on regulatory frameworks and operational support aimed at easing the company’s unlocking of selected assets.

Nicolas Terraz, Group President E&P, TotalEnergies, commented: “We welcome Nigeria’s firm regulatory backing. Our commitment is to deploy our technical expertise and capital to restart production in these strategic assets.” He continued: “Our engagement today highlights a shared determination: boosting energy output for mutual benefit.”