Nigeria Deepwater

Deepwater, Nigeria

At the beginning of 2020 we completed the acquisition of effective 50% interest in Prime Oil & Gas Coöperatief U.A. This encompasses three deep water, high quality producing fields; Agbami, Engina and Akpo, holding an indirect 8% interest in OML 127 (Agbami), operated by Chevron, and an indirect 16% in OML 130 (Egina and Akpo), operated by Total. There are underdeveloped horizons within these existing fields, as well as nearby underdeveloped discoveries, and there are identified exploration opportunities within the licenses.

While we are not the operator, as responsible stewards, we work with our operators to ensure sustainable development of oil and gas assets. Total has this year announced its ambition to reach net zero emissions for its global business by 2050; measures implemented will include the lowering of their direct emissions and helping customers to reduce their Scope 1 and Scope 3 emissions.

For operations in Nigeria, Prime report ESG performance to the Company. Currently this data includes the following health and safety metrics: fatalities, Lost Time Injury (LTI), Restricted Work Injuries (RWI), and Medical Treatment Injuries (MTI) and significant reported community incidents. Environmental data includes gas flared, emissions intensity, material environmental incidents and spills.

Learn More About Our Sustainability Efforts