Wednesday, December 7, 2022
Home EXPLORATIONS Ikike field will help Nigeria bridge oil production gap – TotalEnergies

Ikike field will help Nigeria bridge oil production gap – TotalEnergies

TotalEnergies on Wednesday said the commencement of production from its 50,000 barrels per day Ikike field would help Nigeria to bridge its oil production gap which had declined in recent times to 1.3 million barrels per day.

According to the Managing Director, TotalEnergies Exploration and Production Nigeria, Mr Mike Sangster, that is the type of project Nigeria needs now to meet its Organisation of the Petroleum Exporting Countries (OPEC) quota.

Speaking in Lagos at the 2022 Society of Petroleum Engineers (SPE) Nigeria Annual International Conference and Exhibition (NAICE), Sangster who was represented by the Deputy Managing Director, Deepwater, TotalEnergies E&P Nigeria, Mr Victor Bandele, Sangster said the field would add 50,000 barrels per day to Nigeria’s oil production.

Located 20 kilometers off the coast, at a depth of about 20 meters, the Ikike platform is tied back to the existing Amenam offshore facilities through a 14km multiphase pipeline, the Ikike project is a Joint Venture between TotalEnergies (40 per cent) and the Nigerian National Petroleum Company Ltd. (60 per cent).

He said: “That kind of the project first is low capex, which is what Nigeria needs now. It is high profit, which is what Nigeria needs now and it’s helping to bridge the gap that we have caused by ourselves. Today, our Organisation of the Petroleum Exporting Countries (OPEC) quota is 1.8 million barrels, we are producing less than 1.3 million. So, what for me is success is that we don’t waste the capacity that we should have as a country.

“When we are supposed to be producing 1.8 million, we should do more than that and be able to take benefits of what we have today.”

Sangster called for more collaboration among operators in the sector to optimise cost and improve efficiency in their operations.

He said there was a need for the industry stakeholders to work with the government in addressing the current security challenges such as pipeline vandalism and oil theft that was affecting the sector.


Osinbajo visits Shell stand at NESG in Abuja

Osinbajo visits Shell stand at the 28th Nigeria Economic Summit in Abuja

Oil explorationists, policy makers brainstorm in Lagos as NAPE holds 40th Annual Conference

The nation has an Energy transition plan to get us to net zero greenhouse gas emission by 2060. However, there are many factors that need to be considered and appropriately addressed in the nation’s shift to its sustainable energy future.

Nigeria to auction seven oil blocks offshore Lagos November

According to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Chief Executive, Gbenga Komolafe, the oil blocks available are at depths of between about 1,200 meters (3,936 feet) and 3,100 metres offshore Lagos.


Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular


The company in a statement said the current restricted outage situation in parts of Abuja, is caused by a truck loaded with gravel that lost control and crashed into TCN’s 132kV transmission tower No 20, supplying bulk electricity to the 100MVA part of the Katampe Substation and 2x60MVA GIS Central Area Substation.

Nigeria, Morocco, five other W/African Countries sign on Gas Pipeline Project

NNPCL in a series of tweets, said Nigeria's @nnpclimited, Morocco's ONHYM and the nations of Ghana, The Gambia, Guinea, Guinea Bissau & Sierra Leone, signed an MoU on the gas pipeline project

NDPHC decries incessant vandalisation of power transmission facilities

“We will be relentless in hunting these vandals down, particularly those who assassinated the young man.”

Vandals destroy six transmission towers, kill vigilante in Rivers

On September 3, 2022, some miscreants attacked and vandalized the 330kV DC Afam – Onne Transmission Line in Gbake community of Ogoniland, River State.

Recent Comments