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TotalEnergies has found the Nkoton oil and gasoline on the Oil Mining Lease (OML) 102 offshore Nigeria, the corporate stated in a launch.
Based on Nicolas Terraz, President, Exploration & Manufacturing at TotalEnergies, the Ntokon discovery opens a promising outlook for a brand new tie-back improvement.
Positioned in shallow waters, 60 km off the southeast coast of Nigeria, the Ntokon-1AX discovery nicely encountered 38 metres of internet oil pay and 15 metres of internet gasoline pay, whereas its side-track Ntokon-1G1 encountered 73 metres of internet oil pay, in well-developed and wonderful high quality reservoirs, the corporate stated.
Learn additionally: Nigeria earned N5trn from oil gross sales in first quarter of 2023
Based on TotalEnergies, Ntokon-1G1 examined efficiently as much as a most price of about 5,000 barrels per day of 40° API oil.
“After the start-up of manufacturing of the Ikike tie-back on OML99 in 2022, this new success within the space additional demonstrates the potential of close by exploration to create worth inside our low price, low emission technique,” Terraz added.
Positioned 20 km from the Ofon area amenities on OML102, Ntokon is deliberate to be developed by means of a tie-back to those present amenities.
OML 102 is operated by TotalEnergies EP Nigeria with a 40 % curiosity, alongside companion, the Nigerian Nationwide Petroleum Firm (NNPC) Ltd, with the remaining 60 %.
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