ABUJA – In a bid to optimise production from Nigeria’s oil and gas assets, the Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the successful commencement of oil production from the Akpo West Field.
This significant milestone, achieved through meticulous planning, strategic collaboration, and unwavering dedication from all stakeholders involved in the project, is expected to add 14,000 barrels per day of condensate to the nation’s production capacity. Additionally, the company aims to produce about 4 million cubic metres of gas per day by 2028.
The development of Akpo West, located 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, which not only keeps costs low but also minimises greenhouse gas emissions.
The successful commencement of oil production was made possible by the strategic leadership of the Group Chief Executive Officer (GCEO), Mr. Mele Kyari, and the Upstream Directorate of NNPC Ltd., whose support played a pivotal role in propelling the operators to achieve the short- and mid-term hydrocarbon production goals set by the President Tinubu administration.
Situated 135 kilometres offshore, Akpo West is one of the discoveries on PML 2, with close proximity to the Akpo main field, which commenced production 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 NNPC Ltd. as the concessionaire of the Production Sharing Contract (PSC).
The successful commencement of oil production from the Akpo West Field marks a significant step forward in Nigeria’s efforts to maximise its oil and gas resources for the benefit of the nation’s economy and energy security.
