TotalEnergies EP Nigeria limited has announced the appointment of a foremost Mathematician, Mr. Frederick Asasa, as Chief Financial Officer and member of the company’s Corporate Executive Committee (EXCOM).
Platforms Africa reports that the appointment took effect from January 1st, 2022.
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).
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A statement from the company, sent to Platforms Africa, showed that Asasa “succeeds Mrs. Tai Oshisanya who will retire from the Company at the end of March, 2022.”
Mr. Asasa brings to the position, the statement added,”over three decades of extensive experience in finance. He joined TotalEnergies in 1999 as Head of Accounts and has since held several seniorpositions within the Company in Nigeria and at its headquarters in France.
“Until his appointment, Mr. Asasa was Finance Controller responsible for group financial reportingactivities of affiliates in the North Sea, Russia and Continental Europe at TotalEnergies EPHeadquarters 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.
TotalEnergies has been serving the Nigerian hydrocarbons industry for more than sixty years, inpartnership with the Nigerian Government and in different equity associations with other privatecompanies.
Upstream activities in NigeriaTotalEnergies EP Nigeria Limited, TEPNG, an affiliate of TotalEnergies SE, has operated in the upstreamsector of the Nigerian hydrocarbon industry for 60 years and has added over 3.6 billion barrels of oilequivalent to Nigeria’s production to date.
Incorporated in Nigeria in 1962, TEPNG has maintained strong and steadfast partnerships with theNigerian Government, the Nigerian National Petroleum Corporation (NNPC) and several indigenouscompanies, in developing the country’s hydrocarbon industry.TEPNG operates and holds a 40% interest in the NNPC/TEPNG Joint Venture, producing oil and naturalgas from several onshore and shallow water concessions.
TotalEnergies Gaz Electricité Holdings France(TGEHF) also has a 15% interest in Nigeria LNG, which currently operates 6 LNG liquefaction trains onBonny Island. In addition, TEPNG has non-operated interests in the SPDC-operated joint venture (10%),the Bonga field (12.5%) and the Usan field (20%). Another affiliate, TotalEnergies Upstream Nigeria Limited (TUPNI), operates the Akpo and Egina fields in OML 130 deepwater lease
