• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, August 28, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

TotalEnergies Commences 50,000bpd Ikike Field Production

by Chika Izuora
3 years ago
in Business
TotalEnergies

TotalEnergies

Share on WhatsAppShare on FacebookShare on XTelegram

French oil and energy company TotalEnergies has begun production from the Ikike field in Nigeria, which is expected to deliver peak production of 50,000 barrels of oil equivalent per day by the end of 2022, it said on Monday.

 

Advertisement

The field production would supply the much-needed boost for Nigeria which has faced operational problems in its upstream oil and gas sector.

 

TotalEnergies-which operates the field with a 40 per cent stake alongside the Nigerian National Petroleum Company, Limited(NNPC) with 60 per cent said, it expects Ikike to deliver 50,000 b/d of oil equivalent (boe/d) by the end of the year. The field is tied back to the Amenam offshore facilities through a 14km pipeline.

 

RELATED

Parallex Bank To Provide Limitless Banking Experience

Bank Unveils N4bn Financial Support For Lagos LGAs, LCDAs

33 minutes ago
FCT Town Planners Reaffirm Commitment To Abuja Master Plan Restoration

Ministry Launches Portal For Tracking Real Estate Fraudsters

56 minutes ago
ADVERTISEMENT

“By tapping discoveries close to existing facilities, this project fits the company’s strategy of focusing on low-cost and low-emission oil projects,” said senior vice-president of TotalEnergies’ upstream operations in Africa, Henri-Max Ndong-Nzue.
The start of production from Ikike will help Nigeria lift its flagging crude output, which slumped to a 17 month low of 1.26 million barrels a day in June which is 510,000 b/d below its OPEC target for the month, according to Argus estimates.
Oil theft has disrupted flows to Nigerian terminals this year. Last month, a drop in shipments of the key Qua Iboe and Forcados streams exacerbated ongoing disruption to Bonny Light exports, which have been under force majeure since mid-March.
TotalEnergies said earlier this month that it expects the disruption in Nigeria, combined with port blockades in Libya, to drive a i100,00p barrels of oil equivalent a day cut n its second-quarter upstream production. The company produced 240,000 boe/d in Nigeria last year.
The European Commission’s deputy director general for its energy department this month said that the European Union was seeking additional gas supplies from Nigeria as the bloc prepares for potential Russian supply cuts.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: TotalEnergies
SendShare10182Tweet6364Share
ADVERTISEMENT
Previous Post

Equities Market Extends Losing Streak, Sheds N313bn

Next Post

Government Funding From CBN To Hit N23.2trn As Debt Servicing Outweighs Revenue

Chika Izuora

Chika Izuora

You May Like

Parallex Bank To Provide Limitless Banking Experience
Business

Bank Unveils N4bn Financial Support For Lagos LGAs, LCDAs

2025/08/28
FCT Town Planners Reaffirm Commitment To Abuja Master Plan Restoration
Business

Ministry Launches Portal For Tracking Real Estate Fraudsters

2025/08/28
Renewed Confidence In Aviation Sector Raises Local Airlines Participation – NCAA
Business

Lagos, FCT, Rivers Generate 70% Of Aviation’s N215.6bn GDP Contribution

2025/08/28
Air Peace Lauds Minister Over Installation Of Airfield Lighting On Lagos Airport
Business

Tinubu’s Brazil Visit Yielded Air Peace, Embraer MRO Agreement – Onyema

2025/08/28
Large-cap Stock Drives Local Bourse To N180bn Gains
Business

Bulls Lose Steam As Equities Market Dips By N325bn Amid Profit Booking

2025/08/28
Kogi Stakeholders Task Federal Gov’t On Ending Benue Killings
Business

Tinubu Promises Continued Support For Capital Market Reforms, Expansion

2025/08/28
Leadership Conference advertisement

LATEST

Leadership Crisis Rocks Enugu APC

Monarch Hails AbdulRazaq For Tackling Insecurity Headlong

Political Parties Intensify Campaigns For Rivers LG Polls Amid Lawsuits

Governor Aiyedatiwa Seeks US Investment In Ondo’s Industrial Projects, Agribusiness

Oyo Govt Partners Chinese Firm To Boost Economy, Create 5,000 Jobs

Drugs, Internet Influence, Worse Threats To Youths – Commissioner

Take Advantage Of Govt Free Healthcare Programmes, Lawmaker Urges Ekiti People

Lagos Laments Environmental Impact Of Construction, Disaster Waste Challenges

Bank Unveils N4bn Financial Support For Lagos LGAs, LCDAs

NLC Tackles PenCom Over Failure To Constitute Governing Board

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.