French oil and gas giant TotalEnergies announced on Monday the 20-year renewal of a production license on a deepwater block off the coast of Nigeria. This renewal refers to the OML 130 block, located 150 km from the coast, which “contains the prolific fields of Akpo and Egina, which came into production in 2009 and 2018 respectively,” the company specifies in a press release.
Production there reached 282,000 barrels of oil equivalent (boe) per day last year, of which about 30% was gas, then liquefied at the Nigeria LNG plant, says TotalEnergies, which owns 24% of this block in the that she owns.’ operator. The block also contains the Preowei oil field, which was discovered there.
Investments in fossil resources under surveillance
NNPC, Nigeria’s national oil company, announced the renewal of the production sharing contract on block OML 130 on May 25.
TotalEnergies’ investments in fossil resources, the use of which is essentially responsible for climate change, are under particular scrutiny from environmental activists, some of whom tried unsuccessfully on Friday to block the group’s general meeting of shareholders.
Nearly 89% of shareholders embraced the company’s climate strategy. Another resolution, advisory but critical of TotalEnergies, from the activist shareholder organization Follow This, got 30.4% of the vote.
Source: BFM TV
