TotalEnergies Makes New Oil Discovery In Offshore OML 102

TotalEnergies has announced oil and gas discovery in the Ntokon field located in OML102 offshore Nigeria.

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, while 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.

Located 20km from the Ofon field facilities on OML102, Ntokon is planned to be developed through a tie-back to these existing facilities.

“The Ntokon discovery opens a promising outlook for a new tie-back development’’, said the president, Exploration & Production at TotalEnergies, Nicolas Terraz.

“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,” he added.

OML 102 is operated by TotalEnergies EP Nigeria with a 40 per cent interest, alongside partner NNPC Ltd with the remaining 60 per cent.