French oil and energy group Total will formally approve a decision to proceed with the Ikike project in Nigeria in the coming months, CEO Patrick Pouyanne said.
“There is a huge potential in Nigeria. It is probably the most prolific country in West Africa in terms of oil and gas, and it is time to launch new projects and we are working on many of them,” Pouyanne told journalists on Jan. 21.
Pouyanne was speaking on the sidelines of a meeting of Nigerian and French businesses in Paris.
The Ikike Field is located in OML 99 offshore Nigeria.
Total is one of the strongest players in the African oil sector, holding the largest proven reserves on the continent among the world's top oil companies.
Earlier this month, Total started production at the Egina oil field off the coast of Nigeria.
Congo, Africa’s leading copper miner, has pumped just 25,000 barrels of oil per day for years despite sitting on up to 5 billion barrels of reserves.
Petrobras said the 3-SES-192 well had found a natural gas deposit with a thickness of 39 m at a depth of 5,227 m and below that an oil deposit with a thickness of 24 m.
Tullow Oil and partners Total and Eco Atlantic have chosen the "Joe" prospect for a second well in their much-watched Orinduik oil and gas field offshore Guyana.