TotalEnergies, a French multinational company, has announced the discovery of Ntokon oil and gas on the oil mining lease 102 offshore Nigeria.confirmed the discovery in a statement on Tuesday.Ntokon will be developed through a tie-back to existing facilities.
“It is located in shallow waters, 60km off the southeast coast of Nigeria, the Ntokon-1AX discovery well encountered 38 meters of net oil pay and 15 meters of net gas pay,” Ebereonwu quoted Nicolas Terraz, president, exploration, and production at TotalEnergies, as saying.“Its side-track Ntokon-1G1 encountered 73 meters of net oil pay, in well-developed and excellent quality reservoirs. Ntokon-1G1 tested successfully up to a maximum rate of about 5,000 barrels per day of 40° API oil.
“After the start-up of production of the Ikike tie-back on OML99 in 2022, this new success in the area further demonstrates the potential of nearby exploration to create value within our low-cost, low-emission strategy.” OML 102 is operated by TotalEnergies EP Nigeria with a 40 percent interest, alongside its partner, Nigerian National Petroleum Company Limited, who operates the remaining 60 percent.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TotalEnergies announces oil, gas discovery offshore NigeriaOML 102 is operated by TotalEnergies EP Nigeria with a 40 per cent interest, alongside partner NNPC Ltd with the remaining 60 per cent
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Nigeria’s democracy still in bondage, says Atiku | The Guardian Nigeria News - Nigeria and World NewsAs the country celebrates the occasion of Democracy Day, PDP’s presidential candidate in the 2023 election has declared that the country’s democracy is still in bondage.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Nigeria formally accepts agreement on fisheries subsidies | The Guardian Nigeria News - Nigeria and World NewsNigeria finally deposited its instrument of acceptance for the Agreement on Fisheries Subsidies yesterday, making it the second African World Trade Organisation (WTO) member to do so.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Hardship eroding Nigeria’s democracy, says Adeleke | The Guardian Nigeria News - Nigeria and World NewsOsun State Governor, Ademola Adeleke, yesterday, urged the government at all levels to tackle economic hardship for the nation’s democracy to grow. DemocracyDay2023 June12
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Berlusconi and AC Milan - passion, politics and trophies | The Guardian Nigeria News - Nigeria and World NewsSilvio Berlusconi’s name will forever be associated with AC Milan, the football club he took over in the 1980s and with his immense wealth turned from a debt-ridden mess to a European powerhouse. Berlusconi ACMilan RIP Sports News
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Bandits kill 38, kidnap scores in Niger State | The Guardian Nigeria News - Nigeria and World NewsGunmen went on the rampage in communities in the Rafi local government area (LGA) of Niger State, killing some of the villagers and kidnapping some others within only two days.
Source: GuardianNigeria - 🏆 1. / 94 Read more »