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
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
