Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Nigerian Naira Falls as Forex Demand Surpasses Dollar Volume

    August 6, 2026

    XRP Price Tanks on Corporate Selloffs, Clarity Act Delay

    August 6, 2026

    Bitcoin Price Declines on Spot ETF Flow, Stagflation Concerns

    August 6, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Nigerian Naira Falls as Forex Demand Surpasses Dollar Volume
    • XRP Price Tanks on Corporate Selloffs, Clarity Act Delay
    • Bitcoin Price Declines on Spot ETF Flow, Stagflation Concerns
    • Worldcoin Sinks 6%, Eightco Holdings Discloses 8.4% Holdings
    • Nigeria Launches Global Investors’ Expo to Market Credible Projects
    • Dangote Refinery Tops U.S. as Europe’s Largest Jet Fuel Supplier
    • Nigerian Stock Market Surges as Investors Gain N192bn
    • Cardano Gains 10% on Inter-Blockchain Communication Launch
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Friday, August 7
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » TotalEnergies Begins Oil Production in Nigeria’s Ikike Field

    TotalEnergies Begins Oil Production in Nigeria’s Ikike Field

    Marketforces AfricaBy Marketforces AfricaJuly 25, 2022Updated:July 25, 2022 News No Comments2 Mins Read
    TotalEnergies Begins Oil Production in Nigeria’s Ikike Field
    TotalEnergies
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    TotalEnergies Begins Oil Production in Nigeria’s Ikike Field

    TotalEnergies, operator of OML 99 in partnership with the Nigerian National Petroleum Corporation, today announces that the company has started production from the Ikike field, in Nigeria.

    In a statement, the company which owns 40% of the oil asset located 20 kilometres off the coast, at a depth of about 20 meters, said the Ikike platform is tied back to the existing Amenam offshore facilities through a 14 km multiphase pipeline.

    It will deliver peak production of 50,000 barrels of oil equivalent per day by the end of 2022, TotalEnergies said in the statement. READ: TotalEnergies Moves to Sell Stake in SPDC

    Explaining further, the oil company said the Ikike project leverages existing facilities to keep costs low and is designed to minimize greenhouse gas emissions: estimated at less than 4kg CO2e/boe, saying they will contribute to reducing the average carbon intensity of TotalEnergies’ upstream portfolio.

    The company added that 95% of hours were worked locally, noting that the jacket, as well as the topside modules, were entirely built and integrated by local contractors.

    “TotalEnergies is pleased to start production at Ikike, which was launched a few months before the Covid-19 pandemic, and whose success owes a lot to the full mobilization of the teams.

    “By tapping discoveries close to existing facilities, this project fits the Company’s strategy of focusing on low-cost and low-emission oil projects,” said Henri-Max Ndong-Nzue, Senior Vice President Africa, Exploration and Production at TotalEnergies. #TotalEnergies Begins Oil Production in Nigeria’s Ikike Field

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    Nigerian Naira Falls as Forex Demand Surpasses Dollar Volume

    XRP Price Tanks on Corporate Selloffs, Clarity Act Delay

    Bitcoin Price Declines on Spot ETF Flow, Stagflation Concerns

    Worldcoin Sinks 6%, Eightco Holdings Discloses 8.4% Holdings

    Nigeria Launches Global Investors’ Expo to Market Credible Projects

    Dangote Refinery Tops U.S. as Europe’s Largest Jet Fuel Supplier

    Add A Comment

    Comments are closed.

    Editors Picks

    Nigerian Naira Falls as Forex Demand Surpasses Dollar Volume

    August 6, 2026

    XRP Price Tanks on Corporate Selloffs, Clarity Act Delay

    August 6, 2026

    Bitcoin Price Declines on Spot ETF Flow, Stagflation Concerns

    August 6, 2026

    Worldcoin Sinks 6%, Eightco Holdings Discloses 8.4% Holdings

    August 6, 2026

    Nigeria Launches Global Investors’ Expo to Market Credible Projects

    August 6, 2026
    Latest Posts

    Nigerian Naira Falls as Forex Demand Surpasses Dollar Volume

    August 6, 2026

    XRP Price Tanks on Corporate Selloffs, Clarity Act Delay

    August 6, 2026

    Bitcoin Price Declines on Spot ETF Flow, Stagflation Concerns

    August 6, 2026

    Worldcoin Sinks 6%, Eightco Holdings Discloses 8.4% Holdings

    August 6, 2026

    Nigeria Launches Global Investors’ Expo to Market Credible Projects

    August 6, 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.