OGRepublic August Edition

SPE NAICE 2021:
TotalEnergies
Announces New
Investment Focus
for its Energy
Transition
Strategies
Mike Sangster, Managing Director
TotalEnergies E&P Nigeria Ltd
TotalEnergies, a broad energy
company, has announced a new
investment focus for its Energy
Transition action plan to lead the global
energy sector towards affordable and clean
energy.
The Managing Director TotalEnergies
Exploration and Production, Nigeria Limited,
Mike Sangster, made this known while
speaking at the 2021 SPE NAICE, in Lagos.
Sangster’s speech which was delivered by
the TotalEnergies, Deputy Managing
Director, Deepwater, Mr Victor Bandele, said
that the company’s production, marketing
and sales will be evolving, and by 2030 gas
will take 50 per cent in the production
process with oil, biofuels accounting for 35
per cent, 15 per cent of electricity, mostly
renewable energy.
He said the decade (2020-2030) will be a
decade of change for TotalEnergies as it
transforms into a broad energy company.
"By 2050, the mix will be 40 per cent
renewable power, 40 per cent gas and 20 per
cent liquid products, said Sangster.
“We have a broad and diversified portfolio in
Nigeria, with operations in the upstream,
midstream, and downstream sectors of the
oil and gas industry.
“Our activities span onshore, conventional
offshore, deep water, LNG and in the
downstream, we operate over 577 service
stations across the nation. We are, indeed,
committed to a lasting partnership with
Nigeria.” Sangster added.
He described the SPE conference as an
annual event for the oil and gas industry in
N i g e r i a , a tt ra c t i n g i n d u stry l e a d e rs ,
policymakers, researchers, investors, and many
others.
He added, "One of the key benefits of the
conference is the opportunity it gives us to come
together as professionals and actors in our
industry to network, share experiences,
perspectives and concerns about the oil and gas
sector.
"It is also a forum to share and learn from
stakeholders in our industry. It is, therefore, an
honour for us to be one of the sponsors of this
very important conference and exhibition.
"The COVID-19 pandemic which hit the world in
2020 has redefined a lot of parameters as we have
always known them.
"The pandemic has proved that our people could
work remotely and still achieve set targets and
has also exposed the fragility of the public health
infrastructure of countries all over the world, he
added
Sangster spoke on the need for the industry to
address environmental issues as the relationship
between climate change and public health is clear
enough. “That is why our industry must address
the concerns over our contribution to climate
change.
“The production and use of energy contribute to
greenhouse gas emissions. Therefore, meeting
the climate challenge will mean embarking on
energy transition, i.e. transforming the way we
produce and use energy.
"TotalEnergies believes that climate change is a
reality and requires the collective mobilisation of
society.
He said the 2015 Paris Agreement generated a
By Ndubuisi Micheal Obineme
groundswell of awareness of the climate
emergency and the target recommended by the
experts is a carbon-neutral society by 2050. “This
is a demanding goal that we must all, collectively,
commit to,” he said.
Since 2015, Sangster said that TotalEnergies has
steered a determined course to new energies, in
line with its ambition to provide energy that is
reliable, affordable, and clean.
“This means that the future of energy is changing
and, if we must remain relevant in the energy
market of the future, then we must continue to
adapt. Together with society, we are adapting to a
world-class player in the energy transition with a
target of net-zero carbon emissions by 2050,” he
said.
He also noted that TotalEnergies is committed to
aligning with the National aspirations for
maximising existing energies and evolutions that
are necessary for the coming years.
He also spoke about global oil market innovation
which he said is anticipated to fuel the engine of
the energy transition. “We are a service industry
which must adopt the principles of strategic
customer relationship management in meeting
the energy needs of our world sustainably.
“There is no other industry better positioned than
ours to lead the crusade to clean energy and
carbon neutrality. We have the technology; we
have the capability; we have the people. We must
use all these to achieve the market innovation
which strikes a balance between meeting the
energy needs of a growing world population and
meeting same in a sustainable, carbon-neutral
manner without degrading the public health
situation of our people.” Sangster stated.
56
OIL AND GAS REPUBLIC I SPECIAL EDITION