Nigerian Oil Production Gets a 14,000 Barrel Boost with Akpo West Field Launch

Nigeria’s national oil company, NNPC Ltd, celebrated a significant milestone today with the commencement of oil production from the Akpo West Field. This achievement adds 14,000 barrels of condensate per day to the nation’s output, fulfilling President Tinubu’s call to optimize oil and gas production.

Key Highlights:

• The project aligns with President Tinubu’s directive to NNPC Ltd to maximize production from Nigeria’s oil and gas assets.
• Akpo West leverages existing infrastructure for the Akpo main field, leading to lower costs and reduced greenhouse gas emissions.
• Gas production from the field is expected to reach 4 million cubic meters per day by 2028, boosting the country’s energy security.
• NNPC commends the leadership of CEO Mele Kyari and the Upstream Directorate for their crucial role in achieving this milestone.
• Akpo West, located near the highly productive Akpo main field, has the potential to significantly contribute to Nigeria’s oil and gas output.
• TotalEnergies operates the field in partnership with CNOOC, Sapetro, Prime 130, and NNPC as the concessionaire.

Potential Impact:

• Increased oil production could generate additional revenue for Nigeria, potentially supporting economic development.
• Gas production from Akpo West can bolster the country’s energy independence and provide fuel for power generation.
• The project demonstrates successful collaboration between NNPC and international partners, potentially attracting further investment.