Total plans new offshore oil platforms in Nigeria

French oil giant Total announced plans to further expand its large offshore oil development off the coast of the West African nation of Nigeria, according to The Associated Press.

The Ofon offshore oil field, which is owned in part by Total's Nigerian subsidy and in majority by the Nigerian National Petroleum Corp., currently produces around 30,000 barrels per day.

The addition of four new offshore oil platforms should serve to increase output by around 200 percent to roughly 90,000 barrels per day.

The company also announced it plans to approach the development in a more pointedly sustainable fashion. The new offshore oil rigs will aim to reduce flaring of less-valuable natural gas created through the production process. Instead, much of this natural gas will be captured and transported to shore for sale to the energy industry.

"In launching Ofon Phase 2, Total is increasing the pace of development of its resources in a sustainable manner," Jacques Marraud des Grottes, vice president of exploration and production for Africa at Total, said in a statement.

In all, Total produces around 300,000 barrels of oil per day in Nigeria.

Information on the Nigerian gas market can be found at PennEnergy's Research area.



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