TotalEnergies bursts new lode in Nigeria’s OML 102
Sopuruchi Onwuka
TotalEnergies has declared significant oil and gas discovery in Ntokon oilfield within operated concession offshore eastern Niger Delta. The Ntokon oil and gas discovery was made in oil mining lease (OML) 102, some 60 kilometers offshore the southeast coast of Nigeria.
The company which operates the OML 102 license stated that the Ntokon field hosts oil and gas reserves significant enough for commercial investments in development and production.
The new discovery, according to TotalEnergies, is located 20 kilometers from the operated Ofon field facilities on OML 102. It hinted that Ntokon would be developed through a tie-back to these existing facilities.
President in charge of Exploration & Production at TotalEnergies, Nicolas Terraz, stated that “the Ntokon discovery opens a promising outlook for a new tie-back development.’’
“After the start-up of production of the Ikike tie-back on OML99 in 2022, this new success in the area further demonstrates the potential of nearby exploration to create value within our low cost, low emission strategy,” he said.
The Oracle Today reports that TotalEnergies has maintained a consistent streak of exploration, development and production investments in the country despite the palpable apathy by other international oil companies that pay cautious attention to Nigeria’s emerging fiscal and operating terms for operations.
After development investments in Akpo, Usan, Egina, Ofon, Ikike and Porewei, the French company has despite the fiscal impasse in the country driven successful exploration of Owowo and now Ntokon fields.
The new discoveries add to Nigeria’s cumulative oil and gas reserves and lay agenda for significant development and production investments that would result in the growth of the country’s oil and gas output.
In providing the details of the exploration success, TotalEnergies stated that the Ntokon-1AX discovery well encountered 38 meters of net oil pay and 15 meters of net gas pay; while its side-track Ntokon-1G1 encountered 73 meters of net oil pay, in well-developed and excellent quality reservoirs.
The company explained that Ntokon-1G1 tested successfully up to a maximum rate of about 5,000 barrels per day of 40° API oil.
OML 102 is operated by TotalEnergies EP Nigeria with a 40% interest, alongside partner NNPC Ltd with the remaining 60%.
TotalEnergies pointed at its diversification into a global multi-energy company that produces and markets oil and biofuels, natural gas and green gases, renewables and electricity that are ever more affordable, cleaner, more reliable and accessible to as many people as possible.
