July 13, 2024

TotalEnergies starts  50,000 bpd oil production in Nigeria’s OML 99

Olubunmi Martins.

TotalEnergies, in partnership with the Nigerian National Petroleum Company Limited, has announced the commencement of liquid and gas production, including condensate from the Ikike field.

The field, located 20 kilometre off the Nigerian coast, is placed at a depth of about 20 meters, and anchored by a platform which is tied back to  existing Amenam offshore facilities through a 14-kilometer multiphase pipeline.

Contractors involved in the Ikike conventional oil field include DORIS Engineering, which provided the FEED while the EPC functions were delivered by a combination of Energy Works Technology, Eni and IGPES Group.

The field is expected to recover 77.41 Million barrels of oil equivalent per day(Mmboe) comprising 69.6 Mmbbl of crude oil and condensate, including 46.87 bcf of liquid natural gas reserves.

In a statement made available to EnergyDay by Henri-Max Ndong-Nzue, the Senior Vice President Africa, Exploration and Production at TotalEnergies.

The asset, he said,  “Will deliver peak production of 50,000 barrels of oil equivalent per day by the end of 2022.” adding that the  Ikike project leverages existing facilities to keep costs low, and is designed to minimize greenhouse gas emissions: estimated at less than 4 kg CO2/boe.

Henri-Max Ndong-Nzuet explained that this will contribute to reducing the average carbon intensity of TotalEnergies’ upstream portfolio.

In addition, he said that 95% of the hours were worked locally and key infrastructure, including the jacket as well as the topside modules, were entirely built and integrated by local contractors.

“TotalEnergies is pleased to start production at Ikike, which was launched a few months before the COVID pandemic, and whose success owes a lot to the full mobilization of the teams.”

In putting discoveries close to existing facilities, Henri-Max Ndong-Nzue, emphasized, “This project fits the company’s strategy of focusing on low-cost and low-emission oil projects.”

The Ikike field was discovered in 1977 and is jointly owned by the Nigerian National Oil Company Limited with a 60% equity interest, while the entire balance is held by TotalEnergies .

The field is expected to recover 77.41 Mmboe, comprising  69.6 Mmbbl of crude oil and condensate, including 46.87 bcf of liquid natural gas reserves.

TotalEnergies and its partner, the Nigerian National Petroleum Company Limited as exclusive joint venture partners approved the Final Investment Decision in 2019 with development costs envisaged at about USD 473 million. This will cover the costs  for the drilling of five wells, including the installation of a wellhead platform.

Experts’ forecasts suggest that the field will peak in 2022 at approximately 44,891 bpd of crude oil and condensate and 30 Mmscfd of liquid natural gas.

EnergyDay is reliably informed that current economic assumptions believe that  production will continue until the field reaches its economic limit in 2038.

The field , EnergyDay gathered , is expected to recover 77.41 Mmboe, comprising 69.6 Mmbl of crude oil and condensate, including 46.87 bcf of liquid natural gas reserves.

TotalEnergies is the only international oil company in Nigeria with less emphasis on divestment and increasing investments in natural gas development .

The company owns equity interests in about 33 oilfields in the country, spread across the onshore and offshore terrains, including the deep offshore, where the company operates the Egina asset in a joint venture partnership arrangement.

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