TotalEnergies, a French multinational company, has announced the discovery of Ntokon oil and gas on the oil mining lease 102 offshore Nigeria.confirmed the discovery in a statement on Tuesday.Ntokon will be developed through a tie-back to existing facilities.
“It is located in shallow waters, 60km off the southeast coast of Nigeria, the Ntokon-1AX discovery well encountered 38 meters of net oil pay and 15 meters of net gas pay,” Ebereonwu quoted Nicolas Terraz, president, exploration, and production at TotalEnergies, as saying.“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.
“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.” OML 102 is operated by TotalEnergies EP Nigeria with a 40 percent interest, alongside its partner, Nigerian National Petroleum Company Limited, who operates the remaining 60 percent.