TotalEnergies’ 50,000 B/D Okike Offshore Oil Field Goes On Stream

TotalEnergies’ 50,000 B/D Okike Offshore Oil Field Goes On Stream

Minister of State, Petroleum Resources, Chief Timipre Sylva, has commissioned the Okike deep offshore oil field operated by France’s TotalEnergies, which will increase Nigeria’s oil production by 50,000 b/d.

Speaking at the commissioning in Port Harcourt, Rivers State, Sylva called on both local and international oil companies to join hands with the Federal Government to tackle energy poverty in the country.

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Sylva according to a ministry statement, said it is through collaboration with the private sector that Nigeria can meet the growing energy needs of the populace.

“We want to encourage other operators be it indigenous oil companies or international oil companies to emulate TotalEnergies in partnering with Nigeria to achieving a just energy transition and liberate us from energy poverty,” Sylva said, according to a statement, issued yesterday in Abuja.

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The Minister noted that the major mandate of the Ministry of Petroleum Resources is to increase crude oil production to 3 million bpd from its meager 1.2 million bpd stressing that the 50,000 bpd from TotalEnergies Ikike Oil Field will no doubt contribute significantly to achieving this mandate.

While noting that the 50,000 bpd from the Okike oilfield will further boost Nigeria’s quest to reach the 3 million bpd Organization of Petroleum Exporting Countries (OPEC) mark, Sylva assured that the Federal Government will continue to support investors in the sector for the overall benefits of Nigerians as the journey towards 2060 continues.

“We want to give TotalEnergies the assurances that the Ministry of Petroleum Resources would continue to support your efforts to do more in monetizing the Nigerian Oil and Gas Resources for the benefit of Nigerians within the window between now and 2060 net-zero pledge of Nigeria,” he further noted.

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