An estimated 32,000 barrels of crude oil per day is to be added to Nigeria’s production capacity when Total Exploration and Production start up its Ikike field, offshore Nigeria, by end of this year.
The company is expected to invest $500m in the project.
The Ikike oil field lies in the OML 99 license, which the Total and
The company set out its plans in its annual filing with the US Securities and Exchange Commission (SEC).
The Ikike oil field lies in the OML 99 license, which Total and NNPC JV operates together with two other blocks OML 100 and OML 102. The field lies in the northern part of OML 99 and is estimated to hold 70 million barrels of oil equivalent.
The French company took a final investment decision (FID) on Nigeria’s Ikike project in January 2019. It expects to reach first oil late this year.
The company had planned to begin production at the project in 2020 but for outbreak of the COVID19 pandemic. The field will be tied back to the existing Amenam field.
Total singled out two potential projects in Nigeria. The authorities approved a field development plan for Preowei in 2019. The company is also considering work on the Owowo discovery, which it found in 2012.
Ikike oil field is located in a water depth of 20m in the Oil Mining Lease (OML) 99, approximately 20km offshore Nigeria.
Ikike oil field is located in a water depth of 20m in the Oil Mining Lease (OML) 99, approximately 20km offshore Nigeria. The OML 99 is owned by a joint venture (JV) comprising Total E&P Nigeria (40%, operator) and Nigeria National Petroleum Corporation (NNPC, 60%).
The JV signed the Nigerian Content Compliant Certificates (NCCCs) with Nigeria Content Development and Monitoring Board (NCDMB) in July 2019, moving the project into the tendering and execution phase.
Total is expected to invest $500m in the project, which is forecast to produce 32,000 barrels of oil per day when fully operational.
The Ikike oil field lies in the OML 99 license, which the Total and NNPC JV operates together with two other blocks OML 100 and OML 102.
The engineering studies for the development of the Ikike field were completed in 2018. The field will be developed as a satellite tie-back to the Amenam-Kpono field, which is also owned and operated by the Total/NNPC JV.
The field infrastructure includes a new production platform named IKD-1, which will be installed 15km north of the Amenam-Kpono complex. A total of five wells will be drilled at the field and a six-slot wellhead platform will be installed as part of the field infrastructure.
The IKD-1 platform will be powered from the AMD-2 platform of the Amenam-Kpono field through a new electrical line and also feature water injection wells. The injection water will be supplied from the AMD3 platform of the Amenam-Kpono field through a new water injection line.
produced hydrocarbons will be transported in the form of multi-phase flow through a 12in-diameter pipeline from the IKD-1 platform to the AMD-2 platform.