Sequel to the announcement of the signing ceremony of TotalEnergies’ 550 million USD Final Investment Decision (FID) on the Ubeta Field Development Project in June 2024, its subsequent significant milestone was achieved by Oilserv Limited, an indigenous EPIC company, with the striking of the first welding arc in August 2025.
TotalEnergies’ Ntokon and Ima Project FIDs are perceived as great expectations that will invaluably carve an unprecedented direct foreign investment niche in the Nigerian oil and gas sector, signaling new paths for economic prosperity and creating capacity and human capital development among the citizenry in particular and the country as a whole.
The 780 million Ima project and Ntokon tie-back project, situated in shallow water locations offshore Nigeria, are currently at the same stage. TotalEnergies is working on various processes required from the relevant bodies, namely the NCDMB, NUPRC, and other federal government agencies, to fast-track FIDs of these projects, possibly in 2026.
The Ntokon tie-back project is a significant offshore oil and gas development by TotalEnergies (40%), as the operator, and NNPC Ltd (60%) situated in Nigeria’s OML 102. The oilfield was discovered in 2023 as Nigeria’s largest shallow-water find in a decade.
The Ntokon-1AX discovery well encountered 38 meters of net oil pay and 15 meters of net gas pay, while its side-track Ntokon-1G1 encountered 73 meters of net oil pay, in well-developed and excellent quality reservoirs. Ntokon-1G1 tested successfully up to a maximum rate of about 5,000 barrels per day of 40° API oil.
The Development is planned as a low-cost, low-emission tie-back to the existing Ofon field facilities, aiming to produce its first oil around 2027/2029 by utilizing innovative tie-back technology to optimize reserves, reduce costs, and cut emissions, boosting investment in Nigeria’s energy sector.
The $750 million Ima Project refers to a major shallow-water dry gas initiative planned by TotalEnergies in Nigeria, announced in late 2024, to significantly boost gas supply to the country’s LNG facilities, demonstrating renewed foreign investment following Nigerian government reforms in the energy sector.
This investment aims to enhance Nigeria’s LNG exports and energy security, building on other recent projects like the Ubeta gas field, with the project expected to be sanctioned (approved) in 2024/2025.
With the expectations of these underlined projects signing FIDs in 2026, this underscores TotalEnergies’ positive response to the Nigerian government’s efforts to improve the investment climate and efficiency in the oil and gas sector, with the ultimate goal of attracting $10 billion in deep-water gas exploration investments.
The projects are also expected to create direct and indirect job opportunities for Nigerians and contractors. They will also provide opportunities in engineering and design, fabrication, construction, transportation, installation, marine services, logistics, security, catering, administration, training for human capacity development, consulting, Research, and innovation in the oil and gas sector.
