Large IOCs have cooled on upstream Nigerian investments in recent years
TotalEnergies starts production at new Nigerian field
Ikike indicates IOCs are still willing and able to develop the right projects in Nigeria’s upstream
TotalEnergies has started production at the Ikike shallow-water field offshore Nigeria and expects to reach peak output of 50,000bl/d oe by the end of this year. Ikike is 20km off the coast in water depths of 20m. It is tied back to the existing Amenam offshore facilities, reducing capex. The use of existing infrastructure “fits the company’s strategy of focusing on low-cost and low-emission oil projects”, says Henri-Max Ndong-Nzue, senior vice-president for Africa, exploration and production at TotalEnergies. The field’s emissions are estimated to be less than 4kg CO₂e/bl oe. 50,000bl/d oe – Production capacity Ikike is part of the TotalEnergies-operated (40pc) OML 99 licence, the r
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
