FG To Unlock Inactive And Untapped Assets—Lokpobiri. By Chris Mark
FG To Unlock Inactive And Untapped Assets—Lokpobiri
The Federal Government of Nigeria has reaffirmed its commitment to unlocking inactive and untapped energy as a con nerstone for its strategy to boost national production.
A statement by Nneamaka Okafor SA Media and Communication to the Minister, stated that the Minister’s visit, conducted at the invitation of TotalEnergies, formed part of a broader engagement with operators and policy makers.
The statement also stated that It came as Total Energies prepares to unlock several assets, including blocks awarded in the most recent bid round as well as previously-held fields.
As policy maker and supervisor to regulatory bodies, the Ministry of Petroleum Resources is actively supporting this national mission.
The Federal Government remains resolute in ensuring that operators like TotalEnergies receive all necessary policy, financial, and technical facilitation.
The revitalization of inactive assets is central to Nigeria’s energy agenda – promoting job creation, strengthening revenue, and securing energy sovereignty.
The statement continued:”President Tinubu has issued a clear and unequivocal directive for all industry players:
““Mr. President has made it explicit, operators must reactivate dormant assets.”
” 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 in his reaction said “We welcome Nigeria’s firm regulatory backing.
“Our commitment is to deploy our technical expertise and capital to restart production in these strategic assets.
“Our engagement today highlights a shared determination: boosting energy output for mutual benefit.
