AMNI and TotalEnergies Finalize Ima Gas Project Investment

AMNI International Petroleum Development Company Limited and TotalEnergies EP Nigeria formally marked the Final Investment Decision for the Ima Gas Project in Abuja. This project represents a significant milestone for AMNI, transitioning from an offshore oil producer to a diversified oil and gas business.

The Ima Gas Project has an estimated development cost of approximately US$1.108 billion and holds about 1.28 trillion cubic feet of non-associated gas reserves. It is designed to produce around 350 million standard cubic feet of gas per day for a minimum of eight years, contributing approximately 30% of the feed gas requirement for Nigeria LNG’s Train 7.

First gas is targeted for October 2028. President Bola Ahmed Tinubu emphasized the project's national significance, highlighting AMNI's majority interest and the potential job creation for Nigerian engineers and businesses.

Established in 1993, AMNI has developed capabilities in Nigeria's offshore exploration and production sector.