TotalEnergies SE and its companions lately put onstream the Akpo West area tie-back undertaking offshore Nigeria, including condensate and gasoline output capability, the French vitality large has mentioned.
Akpo West has now been related to the Akpo floating manufacturing storage and offloading facility, which got here on-line 2009 serving the primary Akpo area. The ability produced 124,000 barrels of oil equal per day (boepd) final 12 months, TotalEnergies mentioned.
Sitting 135 kilometers (83.9 miles) off the coast of the West African nation, Akpo West will amp up from an output fee of 14,000 barrels of condensate per day by mid-2024 to as much as 4.0 million cubic meters (141.3 million cubic toes) of gasoline per day by 2028, TotalEnergies mentioned.
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“The Akpo West growth leverages the prevailing Akpo services to maintain prices low and decrease greenhouse gasoline emissions”, it mentioned in a latest information launch, placing Akpo West’s anticipated emissions at 5.0 kilograms of carbon dioxide equal per boe.
The Akpo fields are beneath Petroleum Mining Lease (PML) 2, previously Oil Mining Lease (OML) 130. TotalEnergies is the operator with a 24 % stake whereas China’s state-owned China Nationwide Offshore Oil Corp. holds a forty five % curiosity, Prime Oil & Gasoline Cooperatief UA has 16 % and Nigerian personal participant South Atlantic Petroleum Ltd. has the remaining 15 %.
“This undertaking [Akpo West] matches the corporate’s technique of growing low-cost and low-emission initiatives”, Mike Sangster, TotalEnergies senior vice-president for exploration and manufacturing in Africa, mentioned in an announcement. “This undertaking leverages TotalEnergies’ strong footprint in Nigeria and can rapidly deliver worth to the nation, TotalEnergies and its companions”.
Nigerian Nationwide Petroleum Co. Ltd. (NNPC) in a separate press launch known as the startup a milestone, noting the nationwide oil and gasoline firm has been tasked by President Bola Tinubu to optimize manufacturing within the nation’s oil and gasoline belongings. NNPC is the concessionaire in production-sharing contracts in Nigeria.
TotalEnergies mentioned final 12 months it has secured a 20-year extension for the PML 2 block, following the settlement of a cost row with companions.
The Niger Delta block is seen by TotalEnergies as a contributor to vitality safety not solely in Nigeria but additionally in Europe. Almost 30 % of PML 2 output in 2022 “was gasoline despatched to the Nigeria LNG plant, notably contributing to Europe’s vitality safety”, TotalEnergies mentioned in a media assertion Might 29 asserting the renewal.
The announcement follows the signing of agreements by TotalEnergies’ upstream unit in Nigeria, NNPC and their companions securing the continued growth of the block. “The suite [of deals] included Manufacturing Sharing Contracts, Heads of Settlement Modification, Settlement Compensation Settlement, Concession Contracts for 1 PPL [Petroleum Prospecting License] and three PMLs [Petroleum Mining Leases], and Lease & License Devices”, NNPC introduced on Twitter, now X, on Might 25, not elaborating on the agreements.
Akpo West is, Sangster famous, TotalEnergies’ second tieback undertaking in Nigeria after the Ikike area, which is beneath OML 99. TotalEnergies operates OML 99, additionally within the Niger Delta, with a 40 % curiosity whereas NNPC holds 60 %.
Saying the beginning of manufacturing at Ikike July 25, 2022, TotalEnergies mentioned the sphere would ship peak manufacturing of fifty,000 boepd by the top of that 12 months. The Ikike platform is linked to the Amenam area.
Earlier than Akpo West, one other PML 2 area, Egina, had began manufacturing December 2018. It has a peak capability of 200,000 bpd of oil, based on TotalEnergies.
In a January 2, 2029, assertion by TotalEnergies asserting startup, then-TotalEnergies president for exploration and manufacturing Arnaud Breuillac mentioned, “Egina will considerably increase the Group’s manufacturing and money movement from 2019 onwards, and profit from our sturdy value discount efforts in Nigeria the place now we have decreased our working prices by 40 % during the last 4 years”.
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