'Biggest in a decade': TotalEnergies' recent West Africa discovery may hold 400 million barrels - Upstream Online
‘Biggest in a decade’: TotalEnergies’ recent West Africa discovery may hold 400 million barrels | Upstream Online
TotalEnergies’ recent discovery offshore Nigeria could be the country’s biggest shallow-water find in the past 10 years, according to an industry analyst.
Last week, the French supermajor revealed it had hit gas and liquids with its Ntokon probe in OML 102, a rare exploration well in the world-beating Niger Delta play, albeit the operator did not reveal the size of the find.
Wood Mackenzie director of upstream research Gail Anderson said: “Ntokon is likely to be Nigeria’s biggest shallow-water discovery in a decade.
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”