TOTALENERGIES EP Nigera is racing t unlock the full potential of its oil assets in Nigeria, driven by what the company describes as a
“desperation” to optimise existing fields and accelerate new deepwater projects, the Deputy Managing Director,
Deepwater Asset, Victor Bandele, told participants at the ongoing NAPE conference in Lagos.
Bandele, speaking during a panel session, traced the company’s deepwater journey in Nigeria, highlighting key milestones and the operational challenges that have shaped its strategy.
“We have a desperation in TotalEnergies. And that desperation is to ensure the optimal development of all the assets that are in our possession,” he said.
Bandele said this will begin with existing assets like Egina, which has a Floating Production, Storage and Offloading vessel capable of moving up to 200,000 barrels of oil per day but is doing less than 100,000 barrels due to the natural decline of the field.
“There is a desperation to bring all the tiebacks that are possible on that asset in place. We are working on all the possible tiebacks. And that’s one of the reasons why I will always go to the regulator to say the environment needs to help me to do more. So, we build that on the existing assets,” Bandele said.
Не stressed that TotalEnergies’ drive is not not limited to maximising production from current fields but also includes exploration in older fields like Akpo and developing new blocks in deepwater.
“We are building exploration wells on even old fields like Akpo. We still have opportunities for exploration around there. So, we have plans with our partners.
We have potential exploration objectives for next year,” he stated.
Bandele disclosed the company’s plans for its newly acquired block, saying,
“We acquired a new block. This new block is in deep water, and it’s a big one. We are hoping, and we are going to try to mature it as quickly as possible , So there is a possibility of moving into that block in 2026.”
Leave a Reply