Monday, October 13, 2025
Home Oil & Gas NNPC LTD CELEBRATES 14,000BPD PRODUCTION FROM AKPO WEST FIELD

NNPC LTD CELEBRATES 14,000BPD PRODUCTION FROM AKPO WEST FIELD

In line with President Bola Ahmed Tinubu’s directive to the Nigerian National Petroleum Company Limited (NNPC Ltd) to optimise production from the nation’s oil and gas assets, the Company has announced the successful commencement of oil production from the Akpo West Field.
This is contained in a statement signed by the Chief Corporate Communications Officer, NNPCL Oulufemi Soneye.
The milestone, which is the result of meticulous planning, strategic collaboration, and unwavering dedication from all stakeholders involved in the project, will add 14,000 barrels per day condensate to the nation’s production.
 This will be followed up by the production of about 4million cubic meters of gas per day by 2028.
The development of Akpo West which is on Petroleum Mining Lease (PML) 2 (formerly OML 130) leverages the existing Akpo Floating Production Storage and Offloading (FPSO) facility via a subsea tie-back to keep costs low and minimize greenhouse gas emissions.
The milestone was enabled by the strategic leadership of the Group Chief Executive Officer (GCEO), Mele Kyari, and the Upstream Directorate of the NNPC Ltd whose support played no small role in propelling the operators to actualise the short- and mid-term hydrocarbon production goal of the President Tinubu administration.
Located 135 kilometres offshore, Akpo West is one of the discoveries on PML 2 with proximity to the Akpo main which started up in 2009 and produced 124,000 barrels of oil equivalent per day in 2023.
PML 2 is operated by TotalEnergies with a 24% interest, in partnership with CNOOC (45%), Sapetro (15%), Prime 130 (16%), and the Nigerian National Petroleum Company Ltd as the concessionaire of the Production Sharing Contract (PSC).
RELATED ARTICLES

LOKPOBIRI HIGHLIGHTS REFORMS, INCENTIVES IN DEEPWATER SECTOR.

  Nigeria has renewed its appeal to global Engineering, Procurement, and Construction (EPC) companies, assuring them of a transformed investment environment backed by bold reforms...

NIGERIA COMMITTED TO ATTRACTING RETURNING INVESTORS WITH GLOBAL-LEVEL INCENTIVES – LOKPOBIR.I

  Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri,  says Nigeria is ready to offer global-standard incentives to attract international investors back into...

NIGERIA ON TRACK TO HIT 2.5MBPD OIL OUTPUT — FG.

  The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission, has declared that the country is firmly on course to ramp up crude oil...

Most Popular

OMOSEHIN CALLS ON WEST AFRICAN INSURERS TO LEAD CLIMATE RESILIENCE EFFORTS

  The Commissioner for Insurance, Federal Republic of Nigeria,  Olusegun Ayo Omosehin, has called on West African insurers to rise beyond traditional boundaries and lead...

FCCPC HAILS CBN’S 48-HOUR REFUND POLICY AS MAJOR WIN FOR BANK CUSTOMERS

The Federal Competition and Consumer Protection Commission (FCCPC) has commended the Central Bank of Nigeria (CBN) for introducing draft guidelines that mandate commercial banks...

CUSTOMS RALLIES STAKEHOLDERS FOR SUCCESSFUL NATIONAL SINGLE WINDOW PROJECT

  The Nigeria Customs Service (NCS) has rallied stakeholders in the nation’s trade and logistics sector to unite in driving the successful implementation of the...

NDIC SEEKS STRONGER CIBN COLLABORATION ON EMERGING RISKS

The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation, Thompson Sunday, has called for stronger collaboration between the Corporation and the Chartered Institute...

Recent Comments