TotalEnergies, alongside its partners in the Petroleum Mining Lease (PML) 2 license, formerly known as OML 130, has commenced production from the Akpo West field situated in the Gulf of Guinea, offshore Nigeria.
Located 135km off the coast, the Akpo West field is now operational through a tieback to the existing Akpo floating production storage and offloading (FPSO) facility at the Akpo condensate field. The FPSO, operational since 2009, had an average daily production of 124,000 barrels of oil equivalent per day (boepd) in 2023.
Expected to add an additional 14,000 barrels of condensate production daily by mid-2024, the Akpo West field aims to ramp up to four million cubic meters of gas per day by 2028.
TotalEnergies, with a 24% stake, operates PML2, with partners including CNOOC (45%), Sapetro (15%), Prime 130 (16%), and the Nigerian National Petroleum Company (NNPC) acting as the concessionaire of the production sharing contract (PSC).
Utilizing the existing Akpo infrastructure, the Akpo West field aims to reduce costs and lower greenhouse gas emissions. Its projected carbon intensity of less than 5kg CO2e/boe is anticipated to contribute to the reduction of TotalEnergies’s portfolio’s average carbon intensity.
Mike Sangster, Senior Vice President of TotalEnergies Africa exploration and production, commented, “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. This project leverages TotalEnergies’ solid footprint in Nigeria and will quickly bring value to the country, TotalEnergies, and its partners.”
In May last year, TotalEnergies secured a 20-year renewal of the PML2 license. Besides the Akpo gas and condensate field discovered in 2000, the offshore block also contains the Egina field, which has been in production since December 2018.
