Prime 130
Oil Mining Lease 130, as it was known before the license renewal that took place in 2023, is a significant Oil & Gas field located in Nigeria's Niger Delta region. Its contribution to Nigeria's oil production has been vital, making the country one of the largest oil-producing nations in Africa.
OML 130 is operated by a consortium of oil companies, with various partners involved in exploration, development, and production activities. The field covers both offshore and deepwater areas, making it a technically complex and challenging operation.
The natural gas produced from OML 130 is utilized for power generation, industrial applications, and the country's liquefied natural gas (LNG) export ventures.
Ongoing exploration and production activities aim to maximize the field's potential, increase reserves, and optimize recovery techniques. Additionally, there are plans to develop new fields, such as PREOWEI, and expand infrastructure to ensure efficient production and export capabilities. These efforts contribute to Nigeria's energy security, economic development, and the sustainable utilization of its natural resources.
Furthermore, the development of OML 130 has created opportunities for local content development, capacity building, and job creation.
Starting in May 2023, the distribution of this Prime's oil mining lease is as follows:
- PML 2 is allocated to Akpo.
- PML 3 is designated for Egina.
- PML 4, currently in development, is designated as Preowei.
TotalEnergies
Operator
16%
Working interest
Total Energies, CNOOC, Sapetro
Partners
Akpo, Egina
Main fields
Is a significant asset for the country's energy sector, covering an area of 500 square kilometers.
The Akpo field is one of the largest deepwater discoveries in Nigeria, with an estimated 620 million barrels of crude oil and 3 trillion cubic feet of natural gas. The production from the field began in 2009 and has been a significant contributor to Nigeria's oil and gas production since then.
The crude oil produced from the Akpo field is of high quality, with low sulfur content, making it ideal for refining into high-value products like gasoline and diesel. The natural gas produced is processed into liquefied natural gas (LNG) for export to international markets.
Production: xxx
Akpo
The oilfield was discovered in 2003, and production started in December 2018. It is located approximately 130 kilometers offshore, and 20 kilometers from Akpo, in water depths ranging from 1,400 to 1,700 meters. The field is notable for its significant reserves of crude oil.The production facilities at the Egina field include a floating production storage and offloading (FPSO) vessel, which is one of the largest FPSO units in the world, producing no-routine-gas-flaring. The FPSO has the capacity to process and store crude oil extracted from the field. The oil is then offloaded to tankers for export.
Production:
Egina
Discovered in 2003, the Preowei oil field has estimated recoverable reserves of over 500 million barrels of crude oil and over 1 trillion cubic feet of natural gas. The oil field is located in water depths ranging from 1,500 to 2,500 meters and covers an area of approximately 2,500 square kilometers.
FID: XXX