The Nigerian National Petroleum Company Limited (NNPC Ltd) has optimised production from the nation’s oil and gas assets, with the announcement of the successful commencement of oil production from the Akpo West Field, reports ITREALMS.
This will be followed up by the production of about 4million cubic meters of gas per day by 2028.
Chief Corporate Communications Officer, NNPC Ltd. Mr Olufemi O. Soneye in a press statement available to
ITREALMS noted that 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 minimize 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 actualise the short- and mid-term hydrocarbon production goal 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).
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