TotalEnergies Initiates Ubeta Gas Development to Fuel Nigeria LNG Plant
Login

TotalEnergies Initiates Ubeta Gas Development to Fuel Nigeria LNG Plant

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

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.

To have the best trading experience with us, open an account at Longhorn

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News