TotalEnergies, AMNI seal $600m FID for Ima gas project

Project to deliver 350mcf/d, generate $4bn over lifespan By Obas Esiedesa, Abuja ABUJA — TotalEnergies EP Nigeria Limited and AMNI International Petroleum Development Company Limited have signed the Final Investment Decision, FID, for the $600 million Ima Gas Development Project, which is expected to deliver 350 million standard cubic feet of gas daily to support Nigeria LNG. The FID, signed on Wednesday in Abuja, marks a major step towards developing the offshore Ima gas field, with first gas expected by the end of 2028. AMNI holds a 60 per cent interest in the project, while TotalEnergies holds 40 per cent and is the operator. Located offshore Nigeria in water depths of about 8–10 metres, the Ima field will be connected to the existing Bonny Non-Associated Gas Plant on Bonny Island through an 18-inch, 23-kilometre multiphase pipeline.

At plateau, the project is expected to produce an average 350 million standard cubic feet of dry gas daily, equivalent to more than 60,000 barrels of oil equivalent per day. The output is expected to meet approximately one-third of the gas supply requirement of Nigeria LNG’s Train 7 and generate about $4 billion in value for Nigeria over the project’s lifespan. Speaking at the signing ceremony, Managing Director of TotalEnergies EP Nigeria, Mathieu Bouyer, described the investment as a vote of confidence in Nigeria and its oil and gas industry. Bouyer said the project was the outcome of more than two decades of partnership between TotalEnergies and AMNI, adding that its development was facilitated by improvements in Nigeria’s investment environment and recent government reforms. He disclosed that seven banks — Zenith Bank, Access Bank, United Bank for Africa, GTBank, Standard Bank, Standard Chartered Bank and First Abu Dhabi Bank —…