TheCable

TotalEnergies, a French multinational company, has announced the discovery of Ntokon oil and gas on the oil mining lease (OML) 102 offshore Nigeria.

Charles Ebereonwu, TotalEnergies country communication manager, confirmed the discovery in a statement on Tuesday.

Located 20km from the Ofon field facilities on OML102, Ebereonwu said Ntokon will be developed through a tie-back to existing facilities.

“It is 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,” Ebereonwu quoted Nicolas Terraz, president, exploration, and production at TotalEnergies, as saying.

“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.

“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.”

OML 102 is operated by TotalEnergies EP Nigeria with a 40 percent interest, alongside its partner, Nigerian National Petroleum Company (NNPC) Limited, who operates the remaining 60 percent.