TotalEnergies’ deepwater Akpo West Field has begun producing to the existing Akpo FPSO offshore Nigeria, the company announced Feb. 7.
Akpo West is in the PML2 license and produces to an FPSO in the deepwater OML130 Block, the production license TotalEnergies renewed for 20 years in May 2023.
The Akpo Field began production in 2009 and produced 24,000 boe/d in 2023. The Akpo West subsea tieback is expected to add 14,000 bbl/d of condensate by mid-2024, followed by up to 4 MMcm/d of gas by 2028.
TotalEnergies operates PML2 with 24% interest on behalf of partners CNOOC with 45%, Prime 130 with 16%, Sapetro with 15% and the Nigerian National Petroleum Company Ltd. as the concessionaire of the production sharing contract.
TotalEnergies Upstream Nigeria Ltd. operates OML 130 with a 24% interest on behalf of partners CNOOC with 45%, Sapetro with 15%, Prime 130 with 16% and the Nigerian National Petroleum Company Ltd. as the concessionaire of the PSC. Africa Oil has an effective 8% interest in OML 130 through its 50% shareholding in Prime Oil & Gas Coöperatief.
Recommended Reading
BP Pursues ‘25-by-‘25’ Target to Amp Up LNG Production
2024-02-15 - BP wants to boost its LNG portfolio to 25 mtpa by 2025 under a plan dubbed “25-by-25,” upping its portfolio by 9% compared to 2023, CEO Murray Auchincloss said during the company’s webcast with analysts.
Sunoco’s $7B Acquisition of NuStar Evades Further FTC Scrutiny
2024-04-09 - The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for Sunoco’s pending acquisition of NuStar Energy has expired, bringing the deal one step closer to completion.
Chesapeake Slashing Drilling Activity, Output Amid Low NatGas Prices
2024-02-20 - With natural gas markets still oversupplied and commodity prices low, gas producer Chesapeake Energy plans to start cutting rigs and frac crews in March.
Enbridge Advances Expansion of Permian’s Gray Oak Pipeline
2024-02-13 - In its fourth-quarter earnings call, Enbridge also said the Mainline pipeline system tolling agreement is awaiting regulatory approval from a Canadian regulatory agency.
Will the Ends Justify the Means for W&T Offshore?
2024-03-11 - After several acquisitions toward the end of 2023, W&T Offshore executives say the offshore E&P is poised for a bounce-back year in 2024.