- By mid-2024, Akpo West will add 14,000 barrels of condensate production per day, followed by up to 4 million cubic meters of gas per day by 2028.
- The project’s carbon intensity targets below 5 kg CO2e/boe and will reduce the average carbon intensity of TotalEnergies’ portfolio.
TotalEnergies and its partners have announced the commencement of oil production from the Akpo West field on the PML2 license in Nigeria. By mid-2024, Akpo West will add 14,000 barrels of condensate production per day, followed by up to 4 million cubic meters of gas per day by 2028. Akpo West, located 135 kilometres off the coast, ties back to the existing Akpo Floating Production Storage and Offloading (FPSO) facility, which started in 2009 and produced 124,000 barrels of oil equivalent per day in 2023.
The Akpo West development leverages the existing Akpo facilities to keep costs low and minimise greenhouse gas emissions. The project’s carbon intensity targets below 5 kg CO2e/boe and will contribute to reducing the average carbon intensity of TotalEnergies’ portfolio. TotalEnergies is the operator of PML2 with a 24 per cent interest, in partnership with CNOOC (45 per cent), Sapetro (15 per cent), Prime 130 (16 per cent) and the Nigerian National Petroleum Company Ltd as the concessionaire of the PSC.
The Senior Vice President of Africa Exploration and Production at TotalEnergies, Mike Sangster, said, “After Ikike in 2022, TotalEnergies is pleased to start production of another tie-back project in Nigeria, Akpo West. It 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. It also leverages TotalEnergies’ solid footprint in Nigeria and will quickly bring value to the country, TotalEnergies and its partners.”