Bouyer calls for shared services in Nigeria oil
TotalEnergies Managing Director Matthieu Bouyer has advocated for enhanced cooperation among oil producers through shared services to boost operational efficiency and lower production costs in Nigeria’s petroleum sector. Bouyer explained that joint logistics, shared vessels, rigs, and infrastructure could substantially reduce expenses while deepwater operations become more efficient through localized support services and supply chains.
The oil executive referenced the Q7000 vessel that arrived in Nigerian waters as an example of successful asset sharing among multiple international oil companies. Bouyer noted that Nigeria has not commissioned any floating production, storage and offloading unit since the Egina project, though the Petroleum Industry Act is generating renewed momentum with several deepwater developments from Shell and other operators approaching implementation. TotalEnergies plans additional exploration activities around existing fields, including work on a newly acquired block for potential drilling.
Nigerian Upstream Petroleum Regulatory Commission representative Olayemi Adeboyejo emphasized that operational efficiency depends on clear regulation and predictable outcomes, stating the commission relies on data and technology for oversight rather than traditional enforcement methods.
