Business Oil & Gas

Total to Raise Nigerian Output by 60,000bpd in 2015

The Chief Executive Officer of Total’s Nigerian producing unit, Elizabeth Proust has said that the French oil firm plans to see to the completion of two major projects in Nigeria this year that will add 60,000 barrel per day (b/d) of oil output to its portfolio despite the fall in oil prices.

Proust said on the sidelines of an industry conference in Abuja, adding that “the projects are the upgrade of our OML 58 and Ofon phase two. They will add around 60,000 b/d to our oil production.”

The two projects are among the $20 billion investment plans in Nigeria announced by Total in 2010.

She disclosed that the third major project, which is the development of the Egina deepwater field located in OML 130, was also progressing and remained on track.

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