SEATTLE (Oil Monster): TotalEnergies and Conoil Producing have finalized a landmark production collaboration designed to accelerate Nigeria’s crude output and strengthen the country’s position within the global oil market. The agreement, formalized at TotalEnergies’ headquarters in Paris, represents a significant strategic advancement for Nigeria’s upstream sector.
The signing ceremony brought together two major industry figures—Dr. Mike Adenuga Jr., Chairman of Conoil Producing, and Patrick Pouyanné, Chairman & CEO of TotalEnergies. While the partners have not yet released specific investment figures or operational details, industry observers describe the partnership as a major breakthrough for Nigeria’s energy landscape.
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Under the new framework, Conoil will contribute its deep operational insight into the Niger Delta and long-established community relations, while TotalEnergies will deploy advanced technology capabilities and access to global supply networks. The alliance is expected to drive a substantial increase in output from Conoil’s existing fields and open the door to potential development of new exploration targets.
This move is widely seen as a strong vote of confidence in Nigeria’s petroleum industry, which has recently struggled with security concerns including widespread crude theft and pipeline sabotage. The collaboration aims to help restore production momentum, attract additional international investment, and reinforce the country’s role as a leading energy producer in Africa.
