The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the commencement of oil production from the Akpo West field, located in Petroleum Mining Lease (PML) 2 (formerly OML 130), yielding 14,000 barrels of oil per day.
According to a statement by NNPC’s Chief Corporate Communications Officer, Olufemi O. Soneye, the oil field is operated by TotalEnergies with a 24% interest, in collaboration with CNOOC (45%), Sapetro (15%), Prime 130 (16%), and NNPC Ltd as the concessionaire of the Production Sharing Contract (PSC).
Soneye emphasized that the successful initiation of oil production from the Akpo West Field is the outcome of meticulous planning, strategic collaboration, and unwavering dedication from all stakeholders involved in the project. This development is expected to contribute an additional 14,000 barrels per day of condensate to the nation’s oil production.
He further disclosed that the project’s next phase involves producing approximately 4 million cubic meters of gas per day by 2028. The development of Akpo West, situated on Petroleum Mining Lease (PML) 2 (formerly OML 130), optimizes the existing Akpo Floating Production Storage and Offloading (FPSO) facility through a subsea tie-back aimed at cost reduction and minimizing greenhouse gas emissions.
Soneye attributed the achievement to the strategic leadership of the Group Chief Executive Officer (GCEO), Mr. Mele Kyari, and the Upstream Directorate of NNPC Ltd, whose support played a significant role in facilitating the operators to realize short- and mid-term hydrocarbon production goals.
