5540 Centerview Drive, Raleigh, North Carolina

+19196242265

info@usglobalxpress.com

The Final Investment Decision (FID) marks the start of development of the offshore gas field, which straddles Nigeria’s OML 112 and 117 licences in shallow waters near Bonny Island

TotalEnergies will operate the project with a 40% stake, while Nigerian energy company AMNI will hold the remaining 60%. The field will be developed with a single platform connected by a 22-kilometre pipeline to Nigeria LNG’s facility on Bonny Island

“AMNI International and TotalEnergies have taken an $800 million Final Investment Decision to develop the Ima Gas Field, discovered in 1973 and left underground for more than fifty years. It means opportunities for Nigerian <a href="https://usglobalxpress.com/nigeria-digital-economy-event-draws-calls-for-clean-business/” title=”Nigeria digital economy event draws calls for 'clean' business”>businesses, jobs and economic activity in our host communities, and more export earnings for our country,” President Bola Tinubu said in a post on X

DON’T MISS THIS:Engineers India wins $450 million deal for Dangote’s 700,000-bpd Kenya refinery after helping build Africa’s largest refinery

Production is expected to begin in 2028, with the field projected to reach a plateau of 350 million cubic feet of gas per day, equivalent to more than 60,000 barrels of oil equivalent per day

Once operational, Ima is expected to supply about one-third of the additional gas required for Nigeria LNG’s Train 7 expansion. The expansion will increase the liquefaction plant’s capacity from 22 million tonnes per year to 30 million tonnes per year

The project is also designed as a relatively low-cost and low-emissions development. It will use electricity supplied from shore, eliminate routine gas flaring and deploy permanent methane detection and monitoring

DON’T MISS THIS:Africa’s biggest economy wants to revive two inactive refineries, but the bill is over $8 billion

The project will have significant local participation, with TotalEnergies saying all key contractors will be Nigerian companies

About 60% of the workforce during the development phase is expected to come from communities hosting the project, creating employment opportunities alongside the investment in gas infrastructure

The decision comes after Nigeria introduced incentives aimed at encouraging investment in non-associated gas projects. TotalEnergies said Ima follows the Ubeta gas project, which was sanctioned in 2024 and is expected to begin production next year

Nicolas Terraz, TotalEnergies’ president of exploration and production, said the project would contribute to Nigeria LNG’s gas supply while creating value for the project partners and Nigeria

Leave a Reply

Your email address will not be published. Required fields are marked *

Website by