Following President Bola Ahmed Tinubu’s directive to the Nigerian National Petroleum Company Limited (NNPC Ltd) to enhance production from the nation’s oil and gas resources, the Company proudly announces the successful initiation of oil production from the Akpo West Field.

This significant achievement, made possible through meticulous planning, strategic collaboration, and unwavering dedication from all project stakeholders, will contribute 14,000 barrels per day of condensate to the nation’s overall production. Moreover, it sets the stage for the production of approximately 4 million cubic meters of gas per day by 2028.

The development of Akpo West, situated on Petroleum Mining Lease (PML) 2 (formerly OML 130), optimizes the existing Akpo Floating Production Storage and Offloading (FPSO) facility through a subsea tie-back, ensuring cost efficiency and minimizing greenhouse gas emissions.

This milestone underscores the strategic leadership of the Group Chief Executive Officer (GCEO), Mr. Mele Kyari, and the Upstream Directorate of NNPC Ltd., whose steadfast support has been instrumental in realizing the short- and mid-term hydrocarbon production targets of the President Tinubu administration.

Located 135 kilometers offshore, Akpo West is among the discoveries on PML 2, adjacent to the Akpo main field, which commenced operations in 2009 and produced 124,000 barrels of oil equivalent per day in 2023.

PML 2 is operated by TotalEnergies, holding a 24% interest, in collaboration with CNOOC (45%), Sapetro (15%), Prime 130 (16%), and the Nigerian National Petroleum Company Ltd. serving as the concessionaire of the Production Sharing Contract (PSC).