NNPC Announces The Development Of Nigeria's Deep Offshore Akpo Field

abarrelfullabarrelfull wrote on 06 Mar 2014 14:50

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May 3, 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.

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