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Nicolas Terraz appointed Managing Director of Total E&P Nigeria

By on September 25, 2015

The Board of Directors of Total Exploration and Production (E&P) Nigeria has appointed Mr. Nicolas Terraz as the Managing Director and Chief Executive of Total E&P Nigeria Limited (TEPNG).

Terraz, whose appointment took effect from September 17, 2015, succeeded Mrs. Elisabeth Proust, who had been assigned to other duties within the Total Group.

Total’s Deputy General Manager in charge of Media and Public Affairs, Mr. Charles Ogan, said in a statement yesterday that Terraz is a graduate of French engineering schools, Ecole Polytechnique and Ecole Nationale des Ponts et Chaussées.
According to the statement, Terraz also earned a Master’s of Science in Technology and Policy from the Massachusetts Institute of Technology (MIT) United States.
Terraz joined Total in 2001, after working for seven years with the French Government in the Ministries of Industry and Public Works and Transportation.

In his career in Total, Terraz has acquired extensive experience in operations and management of various projects in our affiliate companies in many countries including Myanmar, Qatar and France.
He served as Managing Director of Total E&P Myanmar and Total Group Representative in Myanmar from 2008 to 2011 and as Managing Director of Total E&P France from 2011 to 2013.
Born in 1969 and married with four children, Terraz was appointed Vice President New Ventures & Asset Management for Total Exploration and Production on March 1st, 2014.

He is coming to Nigeria from his present position as a top executive in the New Business Unit in France.
Total Group’s operated production in Nigeria was 261,000 barrels of oil equivalent per day (boe/d) in 2013.
Deep offshore developments are one of Total’s main growth avenues in Nigeria, where the Group operates the Akpo field in Oil Mining Lease (OML) 130, which currently produces on the average 170,000 barrels per day of condensate and 350 million standard cubic feet per day (MMscf/day) of gas.

The company launched the development of the $16 billion Egina field in the same lease in 2013 and when completed, Egina Deepwater project will add 200,000 bbls/day of oil to Total and Nigeria’s production by 2018.
Offshore production also comes from OMLs 99, 100 and 102, which are operated by Total as part of a joint venture with NNPC.
The main fields in these leases are Amenam-Kpono, Edikan and Ofon, which achieved gas flare-out in its activities, through an expanded programme of the facility in December 2014.

Total’s onshore production comes from OML 58, which it also operates as part of the company’s joint venture with NNPC.
In addition, Total has significant equity production in Nigeria from its interests in non-operated ventures, particularly the Shell-operated joint venture (10 per cent) and the Bonga field (12.5 per cent). Total also has a 15 per cent interest in Nigeria LNG, which has capacity of 21.9 million metric tonnes per year.

 

[ThisDay]