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Total joy at Akpo advance
French company confirms approval of Nigerian development
By
Rob Watts
Total has confirmed its deep-water Akpo development has been given the go-ahead by the Nigerian National Petroleum Corporation (NNPC).
The news follows an exclusive report in UpstreamHardcopy this week.
Total said Akpo, located in OML 130 around 200 kilometres off Port Harcourt in water depths between 1100 and 1700 metres, is due on stream in 2008.
The development plan calls for 22 production wells, 20 water injection wells and two gas injection wells, which will be tied back to a floating production, storage and offloading vessel with storage capacity of 2 million barrels.
Akpo is expected to reach peak production of 225,000 barrels of oil equivalent per day, of which nearly 80% is condensate.
“This latest major development project confirms Total’s commitment to pursuing our growth strategy in Nigeria and developing the country’s oil and gas industry. The development of Akpo is a further demonstration of our ability to meet the technological challenges of the deep offshore,” said Christophe de Margerie, Total’s president of exploration & production.
Total holds a 24% interest in OML 130, with NNPC, Petrobras and South Atlantic Petroleum.
Tuesday, 03 May, 2005, 11:41 GMT | last updated: Tuesday, 03 May, 2005, 12:43 GMT
