The French supermajor, TotalEnergies, has initiated production at the Akpo West Field offshore Nigeria. The field has been seamlessly integrated with the pre-existing Akpo Floating Production, Storage, and Offloading (FPSO) vessel, which exhibited a production rate of approximately 124,000 barrels per day (bpd) in 2023.
This achievement marks a significant milestone, enhancing the production capacity at the Akpo Field by an additional 14,000 bpd. Furthermore, it is expected to contribute up to four million cubic meters of gas per day by the year 2028.
Mike Sangster, Senior Vice President Africa, Exploration and Production at TotalEnergies, expressed satisfaction, stating, “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.”
TotalEnergies has strategically leveraged the existing infrastructure within the block to minimize both production costs and carbon emissions. Remarkably, the project boasts a footprint of less than 5 kg of carbon emissions per barrel of oil equivalent.
In terms of project ownership, TotalEnergies holds a 24% stake, with the China National Offshore Oil Corporation owning 45%, Sapetro holding 15%, and Prime 130 retaining 16% ownership. This collaborative effort underscores a shared commitment to the successful development and sustainable operation of the Akpo West Field.
