TotalEnergies and its partners on Wednesday announced the
start of production from the Akpo West field on the PML2 license.
The oil field, located 135 kilometers off the coast, is tied
back to the existing Akpo Floating Production Storage and Offloading (FPSO)
facility, which started-up in 2009 and produced 124,000 barrels of oil
equivalent per day in 2023. According to
a statement by TotalEnergies, y mid-2024, Akpo West will add 14,000 barrels of
condensate production per day, to be followed by up to four million cubic
meters of gas per day by 2028. It further stated that the Akpo West development
leverages the existing Akpo facilities to keep costs low and minimise
greenhouse gas emissions, with a carbon intensity projected to be below 5 kg
CO2e/boe.
“After Ikike in 2022, TotalEnergies is pleased to start
production of another tie-back project in Nigeria, Akpo West, which will contribute
to maintaining the production of the existing Akpo facilities by developing
additional nearby resources. This project fits the Company’s strategy of
developing low-cost and low-emission projects”, said the Senior Vice President
Africa, Exploration and Production at TotalEnergies, Mike Sangster, adding that
dded that: “this project leverages TotalEnergies’ solid footprint in Nigeria
and will quickly bring value to the country, TotalEnergies and its partners.”
TotalEnergies is the operator of PML2 with a 24 percent
interest, in partnership with CNOOC, 45 percent; Sapetro, 15 percent; Prime
130, 16 percent and the Nigerian National Petroleum Company Ltd as the
concessionaire of the PSC.
Leave Comments