TotalEnergies to Add 140,000bpd to Nigeria’s Oil Output on the Back of Tinubu’s Policies
. Petroleum products overtake crude oil, account for 47.5% of UK imports from Nigeria Festus Akanbi and Ejiofor Alike The Deputy Managing Director of TotalEnergies E&P Nigeria Limited in charge
TotalEnergies set to increase Nigeria's oil output by 140,000 barrels per day (bpd) under President Bola Tinubu's policies. The French energy firm's Ubeta deepwater project and Ima shallow water offshore field are set to achieve first oil production by 2027 and Q4 2028, respectively. These gas projects, incentivized by Tinubu's administration, can each produce up to 70,000 boepd, contributing about 300 million standard cubic feet of gas daily.
The gas from these projects will feed the Nigeria LNG facility's upcoming train 7. The Ubeta field is situated in OML 58, 80 km offshore Port Harcourt, while the Ima Field is under the AMNI/TotalEnergies Joint Venture. Since TotalEnergies launched its Egina deepwater oil field in 2018, no other deepwater projects were initiated due to a lack of incentives.
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