Q:

What is Elf Petroleum Nigeria Limited?

A:

Quick Answer

In July 2008, the company formerly known as Elf Petroleum Nigeria Ltd. changed its name to Total E&P Nigeria Limited, according to Bloomberg Business. The company, founded in 1962, provides oil and exploration and production services, and it is located in Lagos, Nigeria.

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Full Answer

Total E&P Nigeria Limited operates as a subsidiary of French oil company Total S.A., which has its headquarters near Paris. As of December 2013, Total S.A. operated a total of 898 subsidiaries and was involved in a significant number of joint ventures, mostly in liquefied petroleum gas and liquefied natural gas exploration, production and shipping.

Total E&P Nigeria Limited carries out Total's upstream activities in Nigeria, according to the company's website. It is the country's fourth-largest oil and gas producer with involvement in more than 50 permits, including nine as operator. It cooperates with Total Upstream Nigeria Limited and various other Total Deepwater subsidiary companies.

The company added 2.2 billion barrels of production in Nigeria between 1996 and 2012 and spent over $100 million dollars in corporate social responsibility actions. Also operating in Nigeria is Total Nigeria Plc, which handles the company's downstream activities in the country, including a distribution network of over 500 service stations nationwide.

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