Nigeria affiliate, Nicolas Terraz’s springboard towards leadership of Total Africa

摘要

Total’s senior vice president forExploration and Production Africa, GuyMaurice, will be retiring in the comingweeks. His successor, according to oursources, will be Nicolas Terraz, the currentcountry manager for Nigeria, home to theFrench major’s largest subsidiary. This wasthe same path taken by Maurice, who alsooversaw the group’s Nigerian activities.One of Terraz’s priorities once back at theheadquarters in Paris will be to integratethe Anadarko assets Total is planning tobuy from Occidental Petroleum (Oxy) for$8.8 billion. The acquisition of 26.5% ofblock 1 in Mozambique, bringing with itthe role of operator, will be a challenge.Total no longer has any assets in the countrysince shedding blocks 3 and 6.Anadarko announced its final investmentdecision for the development of the firstphase of the offshore area 1, where 75 tcfwere discovered, just this month.