Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the commencement of oil production from the Akpo West Field, marking a significant milestone in the nation’s energy sector.
The achievement, which underscores meticulous planning, strategic collaboration, and unwavering dedication from all project stakeholders, will contribute 14,000 barrels per day of condensate to the country’s oil production. Additionally, plans are underway to further enhance production to approximately 4 million cubic metres of gas per day by 2028.
This accomplishment aligns with President Bola Ahmed Tinubu’s directive to NNPC to optimise production from Nigeria’s oil and gas assets.
Development of the Akpo West Field, situated on Petroleum Mining Lease (PML) 2 (formerly OML 130), utilizes the existing Akpo Floating Production Storage and Offloading (FPSO) facility through a subsea tie-back, ensuring cost efficiency and minimizing greenhouse gas emissions.
The milestone was made possible through the strategic leadership of the Group Chief Executive Officer (GCEO), Mr. Mele Kyari, and the Upstream Directorate of NNPC Ltd., whose unwavering support propelled operators towards achieving the short- and mid-term hydrocarbon production objectives outlined by President Tinubu’s administration.
Located 135 kilometres offshore, Akpo West stands as one of the discoveries on PML 2, neighbouring the Akpo main field, which commenced production in 2009 and yielded 124,000 barrels of oil equivalent per day in 2023.
PML 2 is operated by TotalEnergies, holding a 24% interest, in collaboration with CNOOC (45%), Sapetro (15%), Prime 130 (16%), and NNPC Ltd. as the concessionaire of the Production Sharing Contract (PSC).