Paving the way for new investment in Nigeria, TotalEnergies production license has been renewed for the next 20 years
TotalEnergies has officially renewed its OML 130 license offshore Nigeria, paving the way for new investments!
The production license has been renewed for 20 years, as part of a Suite of Agreements signed on Monday between NNPC Limited, CNOOC International, South Atlantic Petroleum Limited, TUPNI, Prime Oil & Gas (POG) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
“Through the OML130 license renewal, TotalEnergies is pleased to continue its contribution to the development of Nigeria’s oil and gas sector. This 20-year extension will enable us to move forward with the FEED studies on the Preowei tie-back project which aims to valorize a discovery using existing facilities in line with Company’s strategy focusing on low-cost and low-emission assets”, said Henri-Max NDONG NZUE, Senior Vice President Africa, Exploration and Production at TotalEnergies.
Meanwhile, the major revealed that he production start-up from Akpo West, a short-cycle project, is expected by the end of 2023.
TotalEnergies is currently executing a multi-well drilling campaign on OML 130 with up to 9 wells planned to be drilled with the Noble Corporation's Gerry de Souza drillship. The campaign started in February this year with an infill well on the Egina field.
Under the theme "Maximising Africa's Natural Resources in the Global Energy Transition" Africa Oil Week 2023 will welcome over 50 ministers and government officials alongside the industry's global leaders and be the hub for building a sustainable African upstream this October.
Don't miss out on joining 1800+ senior industry decision makers as they come together at Africa's most established and prestigious upstream event.
The production license has been renewed for 20 years, as part of a Suite of Agreements signed on Monday between NNPC Limited, CNOOC International, South Atlantic Petroleum Limited, TUPNI, Prime Oil & Gas (POG) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
“Through the OML130 license renewal, TotalEnergies is pleased to continue its contribution to the development of Nigeria’s oil and gas sector. This 20-year extension will enable us to move forward with the FEED studies on the Preowei tie-back project which aims to valorize a discovery using existing facilities in line with Company’s strategy focusing on low-cost and low-emission assets”, said Henri-Max NDONG NZUE, Senior Vice President Africa, Exploration and Production at TotalEnergies.
Meanwhile, the major revealed that he production start-up from Akpo West, a short-cycle project, is expected by the end of 2023.
TotalEnergies is currently executing a multi-well drilling campaign on OML 130 with up to 9 wells planned to be drilled with the Noble Corporation's Gerry de Souza drillship. The campaign started in February this year with an infill well on the Egina field.
Africa Oil Week 2023
Under the theme "Maximising Africa's Natural Resources in the Global Energy Transition" Africa Oil Week 2023 will welcome over 50 ministers and government officials alongside the industry's global leaders and be the hub for building a sustainable African upstream this October.
Don't miss out on joining 1800+ senior industry decision makers as they come together at Africa's most established and prestigious upstream event.
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