The Nigerian National Petroleum Company Limited (NNPCL) has commenced oil production from the Akpo West Field, recording 14,000 barrels per day.
According to a statement emailed to Persecondnews by Mr. Olufemi Soneye, the Chief Corporate Communications Officer, late Wednesday, this monumental milestone will be followed by the production of “4 million cubic metres of gas per day by 2028.”
He made it known that this is in line with President Bola Tinubu’s mandate to maximize oil and gas production.
The statement reads: “In line with President Bola Ahmed Tinubu’s directive to the Nigerian National Petroleum Company Limited (NNPC Ltd.) to optimise production from the nation’s oil and gas assets, the company has announced the successful commencement of oil production from the Akpo West Field.
“The milestone, which is the result of meticulous planning, strategic collaboration, and unwavering dedication from all stakeholders involved in the project, will add 14,000 barrels per day of condensate to the nation’s production. This will be followed up by the production of about 4 million cubic meters of gas per day by 2028.
“The development of Akpo West, which is on Petroleum Mining Lease (PML) 2 (formerly OML 130), leverages the existing Akpo Floating Production Storage and Offloading (FPSO) facility via a subsea tie-back to keep costs low and minimises greenhouse gas emissions.
“The milestone was enabled by the strategic leadership of the Group Chief Executive Officer (GCEO), Mr. Mele Kyari, and the Upstream Directorate of the NNPC Ltd., whose support played no small role in propelling the operators to actualize the short- and mid-term hydrocarbon production goals of the President Tinubu administration.
“Located 135 kilometres offshore, Akpo West is one of the discoveries on PML 2 with proximity to the Akpo Main, which started up in 2009 and produced 124,000 barrels of oil equivalent per day in 2023.
“PML 2 is operated by TotalEnergies with a 24% interest, in partnership with CNOOC (45%), Sapetro (15%), Prime 130 (16%), and the Nigerian National Petroleum Company Ltd. as the concessionaire of the Production Sharing Contract (PSC).”
Leave a comment