TotalEnergies has initiated production at the Akpo West field, located on the PML2 license in Nigeria.
This field, positioned 135 kilometers offshore, is connected to the Akpo floating production, storage and offloading (FPSO) unit, operational since 2009, which reported a production rate of 124,000 barrels of oil equivalent per day in 2023. The Akpo West tieback is set to enhance the facility’s output by adding 14,000 barrels of condensate daily by mid-2024, and up to 4 million cubic meters of gas daily by 2028.
The development of Akpo West employs the existing infrastructure of the Akpo facilities to reduce expenses and lower greenhouse gas emissions, aiming for a carbon intensity under 5 kilograms of carbon dioxide equivalent per barrel of oil equivalent (kg CO2e/boe). This initiative is expected to lower the overall carbon intensity of TotalEnergies’ portfolio.
Mike Sangster, Senior Vice President Africa, Exploration and Production at TotalEnergies, stated “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. This project fits the Company’s strategy of developing low-cost and low-emission projects,” Sangster stated,
TotalEnergies operates the PML2 project, holding a 24% stake, alongside CNOOC with 45%, Sapetro at 15%, Prime 130 with 16%, and the Nigerian National Petroleum Company Ltd overseeing the PSC as the concessionaire.
In Guyana, TotalEnergies has a 35% stake in the Canje block and is expected to sign a contract acquiring block S4 in early 2024.