The Nigerian National Petroleum Company Limited (NNPC Ltd) on Wednesday, announced that its Akpo West Field has attained the production of 14,000 barrels per day.
The company attributed the milestone to “meticulous planning, strategic collaboration, and unwavering dedication from all stakeholders involved in the project.”
Chief Corporate Communications Officer, NNPCL, Olufemi O. Soneye who confirmed the development to our correspondent in a statement, said the breakthrough is in line with President Bola Ahmed Tinubu’s directive to the Nigerian National Petroleum Company Limited (NNPC Ltd) to optimise production from the nation’s oil and gas assets.
He said the Company has announced the successful commencement of oil production from the Akpo West Field.
While reiterating that the project will add 14,000 barrels per day condensate to the nation’s production, he said it will also produce about four million cubic meters of gas per day by 2028.
The statement said: “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).”
