Nigeria: TotalEnergies, AMNI Take FID On Ima Gas Development

0
2
FINAL INVESTMENT, IMA GAS, AMNI, TOTALENERGIES

French oil and gas company TotalEnergies and its partner AMNI have taken a final investment decision (FID) on the development of the Ima gas field, located across the OML 112 and OML 117 offshore licences in Nigeria, TotalEnergies said on Wednesday.

TotalEnergies, which operates the project, holds a 40% stake, while AMNI holds the remaining 60%.

Located in shallow waters near Bonny Island, the Ima field will be developed with a single platform connected by a 22-km pipeline to Nigeria LNG’s liquefaction plant, in which TotalEnergies holds a 15% stake.

Production is expected to start in 2028, with output reaching a plateau of 350 million cubic feet per day, equivalent to more than 60,000 barrels of oil equivalent per day, the company said.

The field is expected to supply about one-third of the gas required for Nigeria LNG’s Train 7 expansion, which will increase the plant’s liquefaction capacity to 30 million metric tons per annum (Mtpa) from 22 Mtpa.

TotalEnergies said the Ima project is designed as a low-cost, low-emissions development, featuring a simplified platform, electricity supplied from shore, no routine flaring and continuous methane detection and monitoring.

The project is being developed with Nigerian company AMNI and will have a strong local content component, with all key contractors expected to be Nigerian companies, TotalEnergies said.

About 60% of the workforce during the development phase is expected to be recruited from host communities, it added.

“We are very pleased to announce the FID for the Ima gas project, marking a new milestone in the deployment of our integrated gas strategy in Nigeria,” Nicolas Terraz, TotalEnergies’ president of exploration and production, said in a statement.

The project follows the Ubeta gas development, which was sanctioned in 2024 and is expected to start production in 2027, Terraz said.

He added that Ima would contribute to Nigeria LNG’s gas supply and create value for the project’s partners and Nigeria.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) welcomed the investment decision by TotalEnergies EP Nigeria Ltd and AMNI International Petroleum Development Company Ltd.

NUPRC Chief Executive Oritsemeyiwa Eyesan said the project’s progress was supported by measures introduced by President Bola Tinubu’s administration to encourage investment in the sector.

“As the chief regulator in the industry, we will enable business and unplug obstacles. The president has set the path for us, and we are determined to follow through,” Eyesan said.

She said the NUPRC would continue working with the project partners and other stakeholders to ensure the development is delivered on schedule and in line with regulatory standards.


Discover more from Energy News Africa

Subscribe to get the latest posts sent to your email.