Oil major, TotalEnergies has reaffirmed its determination to lead the global energy industry to achieve affordable and clean energy.
The company has also put forward a timed action plan to achieve its ambition in the new energy plan.
The Country Chair Total in Nigeria and Managing Director Total Exploration and Production, Nigeria Limited, Mike Sangster, while speaking today during the opening of the 2021, Nigeria Annual International Conference and Exhibition of the Society of Petroleum Engineers – Nigeria Council, in Lagos, said the decade (2020-2030) will be a decade of change for TotalEnergies as it transforms into a broad energy company.
The theme for this year The Future of Energy: A Trilogy of Determinants; Climate Change, Public Health, and the Global Oil Market Innovation is quite timely and relevant.
Sangster’s remark which was delivered by the TotalEnergies, Deputy Managing Director, Deep water, Mr Victor Bandele, disclosed the company’s development plan showing that it’s production and sales mix will be evolving such that by 2030 gas will be take 50 per cent in the production process with oil and liquid biofuels accounting for 35 per cent, 15 per cent of electricity, mostly renewable.
By 2050, the mix will be 40 per cent renewable power, 40 per cent gas and 20 per cent liquid products, said Sangster.
He said, TotalEnergies is proud to be associated with the SPE Conference and Exhibtion and the company has been in Africa for more than 80 years and involved in activities in Nigeria for 65 years.
“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 a major annual event of the oil and gas industry in Nigeria, adding, ” Little wonder it attracts so many industry leaders, policy makers, researchers, investors, and many others.
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.”
Speaking further he noted that the COVID-19 pandemic which hit the world in 2020 has redefined a lot of parameters as we have always known them.
For instance, 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 stated.
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.” he said.
TotalEnergies, he continued, believes that climate change is a reality and requires the collective mobilisation of society.
He said the 2015 Paris Agreement generated a 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 stressed.
He declared that TotalEnergies Nigeria is committed to aligning with the National aspirations for maximising existing energies and evolutions that are necessary in 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.