July 21, 2024
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OIL & GAS

TotalEnergies, NNPCL Launch Ubeta Gas Field Development in Nigeria

TotalEnergies, holding a 40% stake in the OML 58 onshore license, alongside the Nigerian National Petroleum Corporation Ltd (NNPCL) with 60%, has approved the Final Investment Decision (FID) for developing the Ubeta gas field.

Situated about 80 km northwest of Port Harcourt, OML 58 includes the currently producing Obagi oil field and Ibewa gas and condensate field.

The Ubeta development involves a new 6-well cluster linked to existing facilities via an 11 km pipeline, with production expected to commence in 2027, reaching a plateau of 300 million cubic feet per day.

Gas from Ubeta will be supplied to the Nigeria LNG (NLNG) plant, where TotalEnergies has a 15% interest. This project is designed to be low-emission and cost-effective, leveraging existing facilities and incorporating a 5 MW solar plant and electrified drilling rig to reduce carbon intensity. More than 90% of the manhours will be locally sourced.

“Ubeta fits perfectly with our strategy of developing low-cost and low-emission projects, and will contribute to the Nigerian economy through higher NLNG exports,” stated Mike Sangster, Senior Vice President Africa, Exploration & Production at TotalEnergies.

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