AMNI, TotalEnergies take $800m FID on Ima Gas Field
President Bola Tinubu disclosed this in a statement obtained on Wednesday, saying recent reforms in Nigeria’s oil and gas sector were beginning to attract investments and unlock previously undeveloped projects.
According to Tinubu, the government introduced incentives targeting onshore and shallow-water gas projects that had remained dormant for years, alongside measures aimed at reducing project costs and development timelines.
He said the Ima development would create opportunities for Nigerian engineers, technicians, contractors and businesses, while generating jobs and economic activity in host communities.
The President said AMNI, a Nigerian company, holds the majority interest in the project, adding that about 60 per cent of the development workforce is expected to be sourced from host communities.
Ima is expected to produce about 350 million cubic feet of gas daily at peak and supply about one-third of the gas required for the expansion of Nigeria LNG’s Bonny Island plant.
The field is located in shallow waters across Oil Mining Leases (OML) 112 and 117 in the southeastern Niger Delta, off the coast near Bonny Island and Port Harcourt.
The project is a joint venture between AMNI International, which holds a 60 per cent interest, and TotalEnergies, which holds 40 per cent and operates the redevelopment.
The Ima Field was originally developed as an oil asset and came on stream in 1997 through a wellhead platform connected to the Ailsa Craig I floating storage and offloading vessel.
Production peaked at more than 10,500 barrels per day in 1998 before oil production ceased in 2019.
The new development will focus on gas production rather than restarting the field’s former oil operations.
Under the development plan, a single platform will be connected to the Nigeria LNG facilities through a 22-kilometre pipeline.
The project is expected to contribute significantly to the gas requirements of NLNG’s Train 7 expansion, which will increase the company’s liquefaction capacity from 22 million tonnes per annum to 30 million tonnes per annum.
TotalEnergies holds a 15 per cent interest in Nigeria LNG.
