(Abuja - 3-May-2005) - State-owned Nigerian National Petroleum Corporation (NNPC) has authorized Total to begin developing the offshore Akpo field on the Oil Mining License (OML) 130, Nigeria . Total holds a 24% interest in the OML 130, alongside NNPC (which holds 50% equity), Petrobras and Sapetro.
Discovered in 2000, the Akpo gas and condensate field is located around 200 kilometers offshore Port Harcourt in water depths ranging from 1,100 to 1,700 meters .
The field development plan calls for 22 producing wells, 20 water injection wells and two gas injection wells, tied back to a floating production, storage and offloading (FPSO) vessel with a storage capacity of 2 million barrels.
Akpo will come on stream in late 2008 and is expected to quickly reach peak production of 225,000 barrels of oil equivalent per day, of which nearly 80% is condensate. The condensate will be exported via a buoy located 2 kilometers from the FPSO, while the gas will be piped 150 kilometers to the Amenam/Kpono platforms, from where it will be sent to the Bonny liquefaction plant, NLNG. |
