The Ubeta LNG project in Nigeria is set for development. TotalEnergies and Nigerian National Petroleum Corporation Ltd (NNPCL) launched the project through entering into a final investment agreement.
The deal will see TotalEnergies operating the OML 58 project, which includes the Ubeta field, with a 40% stake, while NNPCL holds the remaining 60%. OML 58 encompasses the Obagi oil field and the Ibewa gas condensate field, both located in Rivers State. Gas extracted from these fields is processed at the Obite processing center and subsequently supplied to Nigeria’s domestic gas market and the Nigerian LNG (NLNG) plant.
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Ubeta gas project
The Ubeta gas condensate field features six wells linked to the Obite facilities through an 11 km pipeline. The project aims to commence in 2027, with an expected production capacity of 70,000 barrels of oil equivalent per day. Gas from Ubeta will be directed to the NLNG plant. TotalEnergies holds a 15% stake in the Ubeta project, working closely with NNPCL to bolster its involvement.
Ubeta represents a low-emission, low-cost initiative leveraging the existing gas processing infrastructure at OML 58. This project is the latest in a series of developments by TotalEnergies in Nigeria, following previous projects like Ikike and Akpo West. Nigeria remains a significant hydrocarbon producer for TotalEnergies, with an output of 219,000 barrels per day. Additionally, TotalEnergies operates an extensive distribution network in Nigeria, comprising approximately 540 service stations.
Mike Sangster, Senior Vice President Africa, Exploration & Production at TotalEnergies, expressed his satisfaction with the launch of this new gas project, emphasizing its alignment with TotalEnergies’ strategic goals and its anticipated positive impact on the Nigerian economy.
