TotalEnergies, AMNI take FID on offshore Ima gas field in Nigeria

TotalEnergies and Nigerian partner AMNI have approved the final investment decision (FID) for the offshore Ima gas field in Nigeria, with production set to commence in 2028. The project aims to supply gas to Nigeria LNG (NLNG) and aid in the company's ongoing Train 7 expansion. The Ima field is located on offshore licences OML 112 and 117, in shallow waters near Bonny Island.

TotalEnergies holds a 40% stake in the project, while AMNI owns the remaining 60%. TotalEnergies' President of Exploration and Production, Nicolas Terraz, described the FID as a significant milestone in the company's gas strategy in Nigeria, stating that the project will create lasting value for both partners and Nigeria. The Ima field is projected to provide around one-third of the gas needed for NLNG's Train 7 expansion, which will boost NLNG's liquefaction capacity from 22 million tonnes per annum to 30 million tonnes per annum.

This follows the approval of Ubeta gas development in 2024, which is expected to start operating in 2027. Terraz highlighted that the Ima development showcases TotalEnergies' capability to develop low-cost, low-emissions gas resources, thanks to incentives provided by the Nigerian government for non-associated gas projects. The Ima project will include measures to minimize emissions and streamline operations.

This marks TotalEnergies' second attempt to dispose of the asset, following a $860 million sale proposal to Mauritius-based Chappal Energies in 2025 that was rejected by regulators.