TotalEnergies to Boost Nigeria's Oil Output by 140,000bpd
Mr. Victor Bandele, the Deputy Managing Director of TotalEnergies E&P Nigeria Limited in charge of Deepwater Assets, announced that the company aims to increase Nigeria's oil output by 140,000 barrels per day due to incentives from President Bola Tinubu's administration in 2023/2024. The Ubeta deepwater project is expected to achieve first oil in 2027, while the Ima shallow water offshore field is projected for Q4 2028.
Each project is estimated to produce up to 70,000 barrels of oil equivalent per day. The Ubeta field is located in Oil Mining Lease (OML) 58, 80 kilometers offshore Port Harcourt, and the Ima Field is under the AMNI/TotalEnergies Joint Venture.
Bandele noted that these projects are crucial for boosting gas supply to Nigeria LNG Limited. TotalEnergies took the Final Investment Decision (FID) on Ubeta in 2024, with the project emphasizing local content participation.
The gas produced will serve as feedstock for Nigeria LNG's ongoing Train 7 construction.
Plus234Feed summary based on reporting from This Day. Read the original report below.
Read full article
Continue on This Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Tinubu's Tax Order to Boost Nigeria's Oil Production
Nigeria Targets 300,000 BPD Oil Production by 2025
Tinubu's Framework to Unlock $50 Billion in Oil Investments
Nigeria's Oil Production Rises Amid Reduced Pipeline Losses
Nigeria's Oil Losses Drop from 97% to 2% Under Tinubu
Nigeria's Oil Production Surpasses OPEC Quota Amid Security Efforts
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
