The Managing Director, Total E & P, Mike Sangster, on Monday, said about $40 million was spent annually on Corporate Social Responsibility (CSR).
Sangster, who stated this in Abuja at the ongoing 2020 edition of the Nigeria International Petroleum Summit (NIPS), said various projects were also commissioned in November 2019 in all parts of the country, especially in the North East to alleviate some of the deprivations caused by insurgency in the region.
He said with the cooperation of Nigeria National Petroleum Corporation (NNPC) and other partners, the company had contributed in no small measures, especially in the area of youth empowerment; health care delivery, education, sports, and infrastructure development in communities across the length and breadth of Nigeria.
According to him: “Another aspect of sustainability concerns the business environment in Nigeria. Total has demonstrated its commitment to Nigeria with significant investments over recent years on our JV assets (OML58 Upgrade and Ofon Phase 2 in particular) in addition to the much acknowledged Egina.
“We are keen to continue to invest in Nigeria and to contribute constructively to the ongoing debate about the Petroleum Industry Bill. We welcome the efforts being made by the authorities to define a long term framework for the Oil and Gas Industry that provides clarity & certainty, provides competitive terms and a win/win solution for the country and investors.
“Total is proud to have been a reliable partner to Nigeria for over 60 years and actively involved in downstream, midstream and upstream sectors. Total has 577 petrol service stations spread across the whole country, thus meeting the energy needs of millions of Nigerians.
“With our presence in 130 countries around the world, we are able to bring to Nigeria our experience and technical capabilities. Egina was a game-changer in terms of technology transfer and local content with over 46 million manhours worked in Nigeria, including 6 FPSO topside modules being built and integrated in Nigeria, a 1st for Africa.
“As we look forward, Total is actively pursuing digital technologies and here in Nigeria, we have launched a Digital Transformation Project to improve our efficiency and reduce our costs by leveraging our experience in Artificial Intelligence, the Internet of Things, Big Data and machine learning,” he added.