TotalEnergiestogether with its partners, has started production at the Akpo West offshore field, located in the PML2 license in Nigeria. This field is located 135 km offshore and is connected to the existing Akpo Floating Production, Storage and Offloading (FPSO) facility, which began operations in 2009 and produced 124,000 barrels of oil equivalent per day in 2023.
About Akpo West Marine Field
By the middle of this year, Akpo West is expected to increase production by 14,000 barrels of condensate per day and by 2028, an addition of up to 4 million m3 of gas per day is anticipated.
The Akpo West development leverages existing Akpo facilities to reduce costs and minimize greenhouse gas emissions. greenhouse gas emissions. The carbon intensity of the project is expected to be less than 5 kgCO2e/boe, thus contributing to the reduction of the average carbon intensity in TotalEnergies’ portfolio, according to company statements.
Mike Sangster, Senior Vice President, Africa, Exploration and Production at TotalEnergies, expressed his satisfaction at initiating production from another tie-in project in Nigeria, Akpo West, which will help maintain production from existing Akpo facilities by developing additional nearby resources. This project aligns with the company’s strategy of developing low-cost, low-emission projects. “This project leverages TotalEnergies’ strong presence in Nigeria and will quickly generate value for the country, TotalEnergies and its partners,” said Sangster.
TotalEnergies operates the PML2 license with a 24% interest, in partnership with CNOOC (45%), Sapetro (15%), Prime 130 (16%) and the Nigerian National Petroleum Company Ltd as production sharing contract (PSC) licensee.
It is worth noting that the company highlighted that Nigeria is one of the main contributors to the company’s hydrocarbon production, where it produced 219,000 boe/d in 2023.
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