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    Total Completes Flare Out of the Ofon Field Offshore Nigeria

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Summary

Total has completed the flare out of the Ofon field on Oil Mining Lease (OML) 102 offshore Nigeria.

by: shardul

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Asia/Oceania

Total Completes Flare Out of the Ofon Field Offshore Nigeria

Total has completed the flare out of the Ofon field on Oil Mining Lease (OML) 102 offshore Nigeria.

The associated gas of the Ofon field is now being compressed, evacuated to shore and monetized via Nigeria LNG, the French firm said in a statement Wednesday.

“The flare-out of the Ofon field illustrates our commitment to developing oil and gas resources around our existing hubs in Nigeria. This important milestone of the Phase 2 of the Ofon project was achieved in a context of high levels of local content,' commented Guy Maurice, Senior Vice President Africa at Total Exploration & Production. 'The flare-out on Ofon is also significant for Total’s environmental targets, representing a 10% reduction in the Group’s E&P flaring. This achievement is a clear demonstration of Total’s commitment to the Global Gas Flaring Reduction Partnership promoted by the World Bank.”
 
The Ofon field is located 65 kms from Nigerian shores in water depths of 40 meters. The field initially commenced production in 1997 and is currently producing about 25,000 barrels of oil equivalent per day (boe/d).  This flare-out milestone will allow for the gradual increase of production towards the 90,000 boe/d production target through monetization of around 100 million cubic feet of gas per day, followed later in 2015 by the drilling of additional wells. 
 
Total E&P Nigeria operates OML 102 with a 40% interest, alongside the Nigerian National Petroleum Corporation (60%).