TotalEnergies Initiates Ubeta Gas Development to Fuel Nigeria LNG Plant

Azeez Mustapha

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TotalEnergies, holding a 40% stake in Nigeria’s OML 58 onshore license, along with the Nigerian National Petroleum Corp. Ltd (NNPCL, 60%), has reached the final investment decision (FID) to develop the Ubeta gas field.

The OML 58 license, situated approximately 80 km northwest of Port Harcourt in Rivers State, encompasses two active fields: the Obagi oil field and the Ibewa gas and condensate field.

Gas production from OML 58 is processed at the Obite Treatment Center and subsequently supplied to both the Nigerian domestic gas market and the Nigeria LNG (NLNG) plant.

The Ubeta gas condensate field, also located within OML 58, will see development through a new cluster of six wells connected to existing Obite facilities via an 11 km buried pipeline.

Production is slated to begin in 2027, aiming for a plateau of 300 million cubic feet per day (approximately 70,000 barrels of oil equivalent per day, including condensates).
TotalEnergies Initiates Ubeta Gas Development to Fuel Nigeria LNG PlantThe gas from Ubeta will be directed to the NLNG plant on Bonny Island, where TotalEnergies holds a 15% interest and where capacity is being expanded from 22 to 30 million tons per year.Ubeta represents a low-emission, low-cost development, utilizing existing OML 58 gas processing infrastructure.

The project’s carbon intensity will be further minimized by a 5 MW solar plant under construction at the Obite site and the electrification of the drilling rig. TotalEnergies collaborates closely with NNPCL to maximize local content, with over 90% of the manhours to be worked locally.

Mike Sangster, Senior Vice President Africa, Exploration & Production at TotalEnergies, remarked,

“Ubeta is the latest in a series of projects developed by TotalEnergies in Nigeria, following Ikike and Akpo West. We are excited to launch this new gas project, enabled by the Government’s recent incentives for non-associated gas developments. Ubeta aligns with our strategy of pursuing low-cost and low-emission projects and will bolster the Nigerian economy through increased NLNG exports.”

This initiative underscores TotalEnergies’ commitment to sustainable energy development and economic growth in Nigeria.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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