TOTAL progresses on Ikike oilfield project as Egina draws to a close

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With its huge Egina deepwater project now close to first oil, French major TOTAL is progressing on another relatively minor, field development offshore Nigeria, according to Africa Oil + Gas Report.

Ikike, in shallow water offshore Nigeria should start delivering from sometime after 2019. Nigeria’s Egina, expected to produce at least 200,000BOPD at optimum, will reach first oil latest January 2019. TOTAL holds 40% operatorship in the acreage that hosts this project; The Ikike field is located in the eastern part of the Oil Mining Lease (OML) 99, which also hosts the iconic Amenam-Kpono field.

TOTAL has been one of the three most aggressive oil major operators in Africa, with a mix of rank wildcat exploration acreage, near term assets and producing properties. The company has signed a high level cash call exit with Nigeria’s NNPC which means that the Ikike project will be funded outside the Nigerian official budget.