IOC, NNPCL report oil discovery in OML 102

Nigeria’s oil and gas output may get a boost as the TotalEnergies EP Nigeria and the Nigerian National Petroleum Company Limited Joint Venture have reported oil discovery in offshore Oil Mining License 102.

In a statement on Tuesday, the IOC said OML 102 is located in shallow waters, 60 km off the southeast coast of Nigeria.

OML 102 is operated by TotalEnergies EP Nigeria with a 40 per cent interest, alongside partner NNPC Ltd with the remaining 60 per cent.

According to the statement, the Ntokon-1AX discovery well encountered 38 meters of net oil pay and 15 meters of net gas pay, while its side-track Ntokon-1G1 encountered 73 meters of net oil pay, in well-developed and excellent quality reservoirs. Ntokon-1G1 tested successfully up to a maximum rate of about 5,000 barrels per day of 40° API oil.

Located 20 km from the Ofon field facilities on OML102, Ntokon is planned to be developed through a tie-back to these existing facilities.

“The Ntokon discovery opens a promising outlook for a new tie-back development’’,

said Nicolas Terraz, President, Exploration & Production at TotalEnergies.

“After the start-up of production of the Ikike tie-back on OML99 in 2022, this new success in the area further demonstrates the potential of nearby exploration to create value within our low-cost, low-emission strategy,” he added.