TOTAL AND ITS OIL PARTNERS INAUGURATE THE 175,000 BARRELS AKPO OIL FIELD

The French Oil Firm, Total Exploration and Production Company of Nigeria and its partners on Oil Mining Lease (OML) 130 also known as the Akpo Field Offshore Nigeria, has inaugurated the 175,000 barrels per day facilities thereby boosting Nigeria's production level as well as reserve capability. The partners in the Akpo Oil Field which is located about 200 kilometres offshore and in a water depth of 1400 metres are the Nigerian National Petroleum Corporation (NNPC), CNOOC of China, PETROBRAS of Brazil and an indigenous upstream operator named South Atlantic Petroleum (SAPETRO).

At plateau production, the Akpo oil field will produce and export 175,000 barrels of oil per day of condensate and will export, at start up, 320mmscf/d of gas to the Bonny NLNG plant which is onshore. The Akpo oil field is described as a watershed in the operations of Total Nigeria and had commenced gas delivery to the Bonny LNG Plant since April, 2009. According to Total Nigeria, the start up of Akpo oil field gas delivery will not only increase its capacity to meet its gas domestication objectives but will also allow more gas injection into the Amenam oil field, thereby increasing the field recovery and production level.
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