Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    South African Rand Firmer Ahead of Foreign Reserves Update

    July 7, 2026

    Wall Street Climbs on AI Stocks Rally, European Markets Slip

    July 7, 2026

    XRP Stalls on Technical Rejection as Ripple EU Win Widens Market Access

    July 7, 2026
    Facebook X (Twitter) Instagram
    Trending
    • South African Rand Firmer Ahead of Foreign Reserves Update
    • Wall Street Climbs on AI Stocks Rally, European Markets Slip
    • XRP Stalls on Technical Rejection as Ripple EU Win Widens Market Access
    • Investors Pile into Nigerian Treasury Bills, Yields Decline
    • Oil Prices Rise over Vessel Attacks, Ukraine Strikes Russia
    • Naira Rises Amidst Interbank FX Turnover Slowdown
    • NCC Charges Nigerian Students to Protect Telecommunications Infrastructure
    • Tax ID Linkage for Shareholders: A New Era of Tax Transparency or Another Layer of Compliance?
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Tuesday, July 7
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Nigeria: Production Commences at Akpo West Field –TotalEnergies

    Nigeria: Production Commences at Akpo West Field –TotalEnergies

    Julius AlagbeBy Julius AlagbeFebruary 7, 2024 News No Comments2 Mins Read
    Nigeria: Production Commences at Akpo West Field –TotalEnergies
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Nigeria: Production Commences at Akpo West Field –TotalEnergies

    TotalEnergies has announced the commencement of production, another tie-back project at Apo West Field, Nigeria, according to an official statement.

    According to a statement, the company said the production operation started with its partners from the Akpo West field on the PML2 license in Nigeria.

    Located 135 kilometres off the coast, Akpo West is tied back to the existing Akpo Floating Production Storage and Offloading (FPSO) facility, which started up in 2009 and produced 124,000 barrels of oil equivalent per day in 2023.

    TotalEnergies said by mid-2024, Akpo West will add 14,000 barrels of condensate production per day, to be followed by up to 4 million cubic meters of gas per day by 2028.

    The Akpo West development leverages the existing Akpo facilities to keep costs low and minimize greenhouse gas emissions.

    The project’s carbon intensity is expected to be below 5 kg CO2e/boe and will contribute to reducing the average carbon intensity of TotalEnergies’ portfolio.

    “After Ikike in 2022, TotalEnergies is pleased to start production of another tie-back project in Nigeria, Akpo West, which will contribute to maintaining the production of the existing Akpo facilities by developing additional nearby resources.

    “This project fits the Company’s strategy of developing low-cost and low-emission projects”, said Mike Sangster, Senior Vice President of Africa, Exploration and Production at TotalEnergies.

    “This project leverages TotalEnergies’ solid footprint in Nigeria and will quickly bring value to the country, TotalEnergies and its partners.”

    TotalEnergies is the operator of PML2 with a 24% interest, in partnership with CNOOC (45%), Sapetro (15%), Prime 130 (16%) and the Nigerian National Petroleum Company Ltd as the concessionaire of the PSC. #Nigeria: Production Commences at Akpo West Field –TotalEnergies#

    Wema Bank Names Kazaure, Opeke as New Board Members

    TotalEnergies
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Julius Alagbe
    • Website
    • LinkedIn

    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

    Keep Reading

    South African Rand Firmer Ahead of Foreign Reserves Update

    Wall Street Climbs on AI Stocks Rally, European Markets Slip

    XRP Stalls on Technical Rejection as Ripple EU Win Widens Market Access

    Investors Pile into Nigerian Treasury Bills, Yields Decline

    Oil Prices Rise over Vessel Attacks, Ukraine Strikes Russia

    Naira Rises Amidst Interbank FX Turnover Slowdown

    Add A Comment

    Comments are closed.

    Editors Picks

    South African Rand Firmer Ahead of Foreign Reserves Update

    July 7, 2026

    Wall Street Climbs on AI Stocks Rally, European Markets Slip

    July 7, 2026

    XRP Stalls on Technical Rejection as Ripple EU Win Widens Market Access

    July 7, 2026

    Investors Pile into Nigerian Treasury Bills, Yields Decline

    July 7, 2026

    Oil Prices Rise over Vessel Attacks, Ukraine Strikes Russia

    July 7, 2026
    Latest Posts

    South African Rand Firmer Ahead of Foreign Reserves Update

    July 7, 2026

    Wall Street Climbs on AI Stocks Rally, European Markets Slip

    July 7, 2026

    XRP Stalls on Technical Rejection as Ripple EU Win Widens Market Access

    July 7, 2026

    Investors Pile into Nigerian Treasury Bills, Yields Decline

    July 7, 2026

    Oil Prices Rise over Vessel Attacks, Ukraine Strikes Russia

    July 7, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.