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
Deepwater Roundup 2024: Offshore Australasia, Surrounding Areas
2024-04-09 - Projects in Australia and Asia are progressing in part two of Hart Energy's 2024 Deepwater Roundup. Deepwater projects in Vietnam and Australia look to yield high reserves, while a project offshore Malaysia looks to will be developed by an solar panel powered FPSO.
E&P Highlights: April 22, 2024
2024-04-22 - Here’s a roundup of the latest E&P headlines, including a standardization MoU and new contract awards.
The OGInterview: How do Woodside's Growth Projects Fit into its Portfolio?
2024-04-01 - Woodside Energy CEO Meg O'Neill discusses the company's current growth projects across the globe and the impact they will have on the company's future with Hart Energy's Pietro Pitts.
US Drillers Cut Oil, Gas Rigs for Fourth Week in a Row-Baker Hughes
2024-04-12 - The oil and gas rig count, an early indicator of future output, fell by three to 617 in the week to April 12, the lowest since November.
E&P Highlights: April 1, 2024
2024-04-01 - Here’s a roundup of the latest E&P headlines, including new contract awards.