In adherence to President Bola Ahmed Tinubu’s directive to optimize oil and gas production, the Nigerian National Petroleum Company Limited (NNPC Ltd) has successfully initiated oil production from the Akpo West Field. The milestone is expected to contribute 14,000 barrels per day of condensate to the nation’s production, according to NNPC’s Chief Corporate Communications Officer, Olufemi Soneye.
Soneye highlighted that meticulous planning, strategic collaboration, and dedication from all stakeholders involved in the project facilitated this achievement. The successful commencement of oil production is anticipated to be followed by the production of about 4 million cubic meters of gas per day by 2028.
The development of Akpo West, 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 to ensure cost efficiency and minimize greenhouse gas emissions.
This significant milestone was attributed to the strategic leadership of the Group Chief Executive Officer (GCEO), Mr. Mele Kyari, and the NNPC Ltd Upstream Directorate’s support, contributing to the realization of the short- and mid-term hydrocarbon production goals set by the President Tinubu administration.
Akpo West, located 135 kilometers offshore, is part of the discoveries on PML 2, closely linked to Akpo main, which commenced production in 2009 and produced 124,000 barrels of oil equivalent per day in 2023. TotalEnergies operates PML 2 with a 24% interest, in partnership with CNOOC (45%), Sapetro (15%), Prime 130 (16%), and NNPC Ltd as the concessionaire of the Production Sharing Contract (PSC).
