..Produces 1trn cubic feet of gas
Prolific oil field, Akpo in Oil Mining Lease, OML 130, has returned to near peak production after it encountered major challenges after it recorded high level water inflow and high gas to oil ratio, which significantly declined production from the asset.
LEADERSHIP gathered that the field with 600 million barrel oil reserve and 200,000 barrels per day production capacity encountered a major production challenge and at a point producing more gas than oil With 55 per cent volume of water entering the well.
The field today has raised production capacity to 120,000 barrels per day, according to Dr. Livinus Nosike, geoscientist of Total Exploration and Production, after water cut was reduced to about 30 per cent.
Nosike in an interview with our correspondent on the sideline of the 36th international conference and exhibition organised by the Nigeria Association of Petroleum Explorationists (NAPE) in Lagos, said the field which began production in 2009, has produced an estimated one trillion cubic feet of gas, which he described as a record volume.
Nosike also revealed that the field has recorded a 70 per cent gas flare down following gas gathering initiative of the company to boost export potential of the Nigerian Liquefied Natural Gas, (NLNG), and deepening domestic gas utilisation for power generation liquefied petroleum gas, cooking gas usage.
He also disclosed that the field has so far produced 500 million barrels of oil leaving only 100 million barrels in reserves.
Discovered in 2000, the Akpo gas and condensate field is located around 200 kilometers offshore Port Harcourt in water depths ranging from 1,100 to 1,700 meters.
The field development plan calls for 22 producing wells, 20 water injection wells and two gas injection wells, tied back to a floating production, storage and offloading (FPSO) vessel with a storage capacity of 2 million barrels.
LEADERSHIP learnt that Akpo was expected to quickly reach peak production of 225,000 barrels of oil equivalent per day, of which nearly 80 per cent condensate. The condensate is exported via a buoy located two kilometers from the Floating Production Storage and Offloading (FPSO), while the gas is piped 150 kilometers to the Amenam/Kpono platforms, from where it would be sent to the Bonny liquefaction plant.
The Akpo field was a major development project which confirmed Total’s commitment to pursuing its growth strategy in Nigeria and developing the country’s oil and gas industry.