TotalEnergies begins oil production at the Akpo West field in Rivers State
The commencement of production from the Akpo West field on the PML2 license in Nigeria has been announced by TotalEnergies and its collaborators. Situated 135 kilometers offshore, Akpo West is connected to the existing Akpo Floating Production Storage and Offloading (FPSO) facility, which began operations in 2009 and yielded 124,000 barrels of oil equivalent per day in 2023. By mid-2024, Akpo West will contribute an additional 14,000 barrels of condensate production per day, followed by a potential 4 million cubic meters of gas per day by 2028.
Akpo West field in Rivers State
The development of Akpo West capitalizes on the existing Akpo facilities to maintain cost efficiency and minimize greenhouse gas emissions. The project is projected to have a carbon intensity below 5 kg CO2e/boe and will aid in reducing the overall carbon intensity of TotalEnergies’ portfolio.
“Following the success of Ikike in 2022, TotalEnergies is delighted to commence production of another tie-back project in Nigeria, namely Akpo West. This endeavor will contribute to sustaining the production of the existing Akpo facilities by tapping into additional nearby resources. It aligns with our company’s strategy of developing projects that are both cost-effective and environmentally friendly,” stated Mike Sangster, Senior Vice President Africa, Exploration and Production at TotalEnergies. “Leveraging TotalEnergies’ strong presence in Nigeria, this project will swiftly deliver value to the country, TotalEnergies, and our partners.”
TotalEnergies holds a 24% interest as the operator of PML2, in collaboration with CNOOC (45%), Sapetro (15%), Prime 130 (16%), and the Nigerian National Petroleum Company Ltd as the concessionaire of the PSC.
