“This 20-year extension will enable us to move forward with the FEED studies on the Preowei tie-back project which aims to valorize a discovery using existing facilities in line with Company’s strategy focusing on low-cost and low-emission assets,” he noted.
The OML 130 block is located 150 km off the Nigerian coast and contains the Akpo field; the Egina fields; the Akpo West discovery which is set to start producing by the end of 2023 and the Preowei discovery which the major will leverage the Egina Floating Production Storage and Offloading vessel to develop.
In 2022, the block produced 282,000 barrels of crude per day with 30% of the output sent to liquefied natural gas (LNG) company Nigeria LNG for exports to Europe.
The block is owned by TotalEnergies Upstream Nigeria Limited (24%), China National Offshore Oil Corporation (45%), Sapetro (15%), Prime 130 (16%) and the Nigerian National Petroleum Company.
