TotalEnergies Appoints Delta-born Frederick Asasa, Chief Financial Officer

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TotalEnergies EP Nigeria Limited has appointed a Deltan from Aviara in Isoko South Local Government Area, Mr. Frederick Asasa as the Chief Financial Officer and member of the Corporate Executive Committee (EXCOM) with effect from January 1, 2022.

He succeeds Mrs. Tai Oshisanya, who retires in March.

The company, in a statement on Thursday, said Mr. Asasa brings to the position over three decades of extensive experience in finance.

He joined TotalEnergies in 1999 as Head of Accounts and has since held several senior positions within the Company in Nigeria and at its headquarters in France.

Until his appointment, Mr. Asasa was Finance Controller responsible for group financial reporting activities of affiliates in the North Sea, Russia and Continental Europe at TotalEnergies EP Headquarters in Paris, France.

He had previously been seconded as Finance Controller at the Nigeria Liquefied Natural Gas (NLNG) Limited and more recently as the General Manager, Deepwater Assets’ Finance, TotalEnergies EP Nigeria Limited.

With a bachelor’s degree in Mathematics and an MBA, Mr Asasa is a Fellow, Institute of Chartered Accountants of Nigeria (FCA) and Fellow of the Chartered Institute of Taxation of Nigeria (FCTI).

TotalEnergies Companies in Nigeria TotalEnergies has been serving the Nigerian hydrocarbons industry for more than 60 years, in partnership with the Nigerian Government and in different equity associations with other private companies.

Upstream Activities in Nigeria

TotalEnergies EP Nigeria Limited, TEPNG, an affiliate of TotalEnergies SE, has operated in the upstream sector of the Nigerian hydrocarbon industry for 60 years and has added over 3.6 billion barrels of oil equivalent to Nigeria’s production to date.

Incorporated in Nigeria in 1962, TEPNG has maintained strong and steadfast partnerships with the Nigerian Government, the Nigerian National Petroleum Corporation (NNPC), now Nigerian National Petroleum Company Limited, and several indigenous companies, in developing the country’s hydrocarbon industry.

TEPNG operates and holds a 40 per cent interest in the NNPC/TEPNG Joint Venture, producing oil and natural gas from several onshore and shallow water concessions.

TotalEnergies Gaz Electricité Holdings France (TGEHF) also has a 15 per cent interest in Nigeria LNG, which currently operates six LNG liquefaction trains on Bonny Island.

In addition, TEPNG has non-operated interests in the SPDC-operated joint venture (10 per cent), the Bonga field (12.5%) and the Usan field (20 per ceny).

Another affiliate, TotalEnergies Upstream Nigeria Limited (TUPNI), operates the Akpo and Egina fields in OML 130 deepwater lease.

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