France’s TotalEnergies is developing the Ikike field through a partnership with the Nigerian National Petroleum Corp. (Source: TotalEnergies SE)
TotalEnergies began production on the Ikike Field in Nigeria, which is anticipated to reach peak production of 50,000 boe/d by the end of the year, a press release announced on July 25.
The company, which holds a 40% stake in the project, is developing the field through a partnership with the Nigerian National Petroleum Corp., which holds the remaining 60% stake.
Tied back to the existing Amenam offshore facilities connected through a 14-km multiphase pipeline, the Ikike platform is located 20 km off the Nigerian coast with a depth of 20 m. Using existing infrastructure in the development allows the partnership to lower operational costs.
“TotalEnergies is pleased to start production at Ikike, which was launched a few months before the COVID pandemic, and whose success owes a lot to the full mobilization of the teams," Henri-Max Ndong-Nzue, TotalEnergies senior vice president of Africa E&P, commented in the release.
The project will help reduce TotalEnergies' carbon intensity in its upstream portfolio, as it designed to emit less than 4 kg of CO2e/boe.
Additionally, the jacket and topside modules were built and integrated by local contractors, bringing work to the region as 95% of hours logged were worked locally.
"By tapping discoveries close to existing facilities, this project fits the company’s strategy of focusing on low-cost and low-emission oil projects," Ndong-Nzue continued.
Recommended Reading
Imperial Expects TMX to Tighten Differentials, Raise Heavy Crude Prices
2024-02-06 - Imperial Oil expects the completion of the Trans Mountain Pipeline expansion to tighten WCS and WTI light and heavy oil differentials and boost its access to more lucrative markets in 2024.
What's Affecting Oil Prices This Week? (Feb. 5, 2024)
2024-02-05 - Stratas Advisors says the U.S.’ response (so far) to the recent attack on U.S. troops has been measured without direct confrontation of Iran, which reduces the possibility of oil flows being disrupted.
McKinsey: US Output Hinges on E&P Capital Discipline, Permian Well Trends
2024-02-07 - U.S. oil production reached record levels to close out 2023. But the future of U.S. output hinges on E&P capital discipline and well-productivity trends in the Permian Basin, according to McKinsey & Co.
Veriten’s Arjun Murti: Oil, Gas Prospectors Need to Step Up—Again
2024-02-08 - Arjun Murti, a partner in investment and advisory firm Veriten, says U.S. shale provided 90% of global supply growth—but the industry needs to reinvent itself, again.
Venture Global, Grain LNG Ink Deal to Provide LNG to UK
2024-02-05 - Under the agreement, Venture Global will have the ability to access 3 million tonnes per annum of LNG storage and regasification capacity at the Isle of Grain LNG terminal.