check this out! TotalEnergies is all set to make a big move in Nigeria’s oil and gas sector. They’re planning to give the green light to the UBETA Oil Mining Lease, OML 58 in the first quarter of 2024. That’s some exciting news, right?
So, I was reading about this at the Nigerian Association of Petroleum Explorationists, NAPE, International Conference and Exhibition in Lagos. Emmanuel Ekut, Deputy General Manager at TotalEnergies, spilled the beans and said they’re pretty hopeful about getting the FID on UBETA OML 58 in the first quarter of next year. It’s all about boosting gas supply to the Nigerian Liquefied Natural Gas, NLNG Plant, and also meeting domestic gas supply needs.
This project is part of TotalEnergies’ response to the Federal Government’s gas commercialisation and domestic utilization initiative. It’s like a big thumbs-up to Nigeria’s Decade of Gas Policy, which is all about making the country a regional gas hub and creating economic opportunities and sustainable energy solutions.
OML 58 is located in the Eastern Niger Delta, not too far from Port Harcourt, Rivers State. It’s the only onshore OML within the NNPC/TotalEnergies Joint Venture and it’s got some serious potential. There are five fields in there, including the oldest and one of the largest in Nigeria, the Obagi field. And let’s not forget about the Ibewa gas/condensate field. The liquids from OML 58 are gathered at Olo and Obogu and then they join the Shell-operated Trans Niger Pipeline (TNP) system at the Rumuekpe manifold.
This is definitely a game-changer for Nigeria’s oil and gas scene. Can’t wait to see how it all unfolds!