Akpo West field starts production: A milestone for TotalEnergies and Nigeria
TotalEnergies, in collaboration with its partners, has initiated production at the Akpo West field located on the PML2 license offshore Nigeria. This significant development, situated 135 kilometers off the coast, is integrated with the existing Akpo Floating Production Storage and Offloading (FPSO) facility. The Akpo FPSO, operational since 2009 and producing 124,000 barrels of oil equivalent per day in 2023, is set to see an increase in condensate production by 14,000 barrels per day by mid-2024, with gas production expected to reach up to 4 million cubic meters per day by 2028.
The Akpo West project exemplifies TotalEnergies’ commitment to developing projects that not only maintain production levels but also align with the company’s strategy of prioritizing low-cost and low-emission initiatives. By leveraging the infrastructure of the existing Akpo facilities, the project aims to minimize operational costs and significantly reduce greenhouse gas emissions. With a projected carbon intensity of below 5 kg CO2e/boe, Akpo West stands as a testament to TotalEnergies’ dedication to reducing the carbon footprint of its operations.
TotalEnergies Commences Production at Akpo West Field, Enhancing Nigeria’s Oil and Gas Output
Mike Sangster, Senior Vice President Africa, Exploration and Production at TotalEnergies, expressed enthusiasm for the project, stating, “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.” He further highlighted the project’s alignment with the company’s strategy for developing projects that are both economically viable and environmentally responsible.
TotalEnergies holds a 24% interest in the PML2 license, working in partnership with notable entities such as CNOOC (45%), Sapetro (15%), Prime 130 (16%), and the Nigerian National Petroleum Company Ltd as the concessionaire of the PSC. With over 60 years of presence in Nigeria, TotalEnergies plays a pivotal role in the country’s oil and gas sector, producing 219,000 boe/d in 2023. The company’s extensive operations include a network of around 540 service stations and a deep commitment to the socio-economic development of Nigeria, working closely with local communities to foster sustainable growth.