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
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
28 April 2026
Restoring supply from Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Iraq involves complexities far beyond simply adjusting operational controls
28 April 2026
Datacentres will guzzle power at a ferocious rate, but the impact on wider energy markets will be far more complex than previously thought
28 April 2026
The key energy player faces balancing regional routes, political complexities, and creating a clear strategic vision for energy security
