<h1>Amatu - Akarino Oil and Gas Project,Nigeria</h1>

<h2>Overview</h2>
<p>Amatu-Akarino is an in-development offshore oil and gas project in Nigeria,associated with OML 136. The project reached a final investment decision (FID) in 2024 and is listed as in-development. Operator and owner details are not confirmed in available sources. OML 136 has historically involved Conoil as licence operator and TotalEnergies (via Elf) with a 40% interest,but current project-level operatorship and ownership are not verified.</p>

<h2>Quick Facts</h2>
<table>
<tbody>
<tr><th>Item</th><th>Details</th></tr>
<tr><td>Project Name</td><td>Amatu-Akarino Oil and Gas Project (Nigeria)</td></tr>
<tr><td>Country</td><td>Nigeria</td></tr>
<tr><td>Fuel Type</td><td>Oil and gas</td></tr>
<tr><td>Status</td><td>In-development</td></tr>
<tr><td>Status Year</td><td>2024</td></tr>
<tr><td>FID Year</td><td>2024</td></tr>
<tr><td>Onshore/Offshore</td><td>Offshore</td></tr>
<tr><td>Block(s)</td><td>OML 136</td></tr>
</tbody>
</table>

<h2>Location and Block</h2>
<p>The project is located offshore Nigeria in OML 136. No precise coordinates are available. OML 136 was described in 2007 as an offshore licence approximately 60 km from the coast,with water depths between 80 m and 300 m and an area of about 1,295 sq km. The basin is not specified in available data.</p>

<h2>Operator and Ownership</h2>
<p>Current project-level operator and owner are not confirmed. Historical sources indicate that Conoil held the licence operatorship of OML 136,while TotalEnergies (via Elf Petroleum Nigeria) held a 40% participating interest. Industry reports in 2025 suggested a potential asset swap where Conoil would acquire TotalEnergies’ interest,but completion of the transaction is not verified.</p>

<h2>Development History</h2>
<p>No discovery year or production start year is available. Nigeria’s upstream regulator,NUPRC,listed Amatu-Akarino as an offshore field development plan (FDP) project in its 2024 annual report. The project reached FID in 2024 and is classified as in-development. No further milestones are confirmed.</p>

<h2>Production and Reserves</h2>
<p>Global Energy Monitor,citing NUPRC 2024 data,lists estimated ultimate recovery of 15.0 million barrels of condensate,76,116.1 million cubic metres of gas,and 14.1 million barrels of oil. Production design-capacity values are reported for 2025. The project is not yet producing,and no actual output figures are available.</p>

<h2>Recent Developments</h2>
<p>NUPRC’s 2024 annual report identifies Amatu-Akarino as an active FDP project with timing references to 2024–2025. Industry reporting in 2025 indicated that TotalEnergies and Conoil signed agreements for Conoil to acquire TotalEnergies’ 40% participating interest in OML 136,while TotalEnergies would increase its operated interest in OPL 257. This ownership change has not been confirmed through official licence registry updates.</p>

<h2>Sources</h2>
<ul>
<li><a href="https://www.gem.wiki/Amatu-Akarino_Oil_and_Gas_Project_(Nigeria)" rel="nofollow noopener" target="_blank">Global Energy Monitor: Amatu-Akarino Oil and Gas Project (Nigeria)</a></li>
<li><a href="https://www.nuprc.gov.ng/wp-content/uploads/2025/04/UPDATED-NUPRC-2024-ANNUAL-REPORT-1.pdf" rel="nofollow noopener" target="_blank">Nigerian Upstream Petroleum Regulatory Commission: 2024 Annual Report</a></li>
<li><a href="https://www.reuters.com/article/markets/oil/total-acquires-40-pct-of-nigerian-oml-136-licence-idUSPAC008456/" rel="nofollow noopener" target="_blank">Reuters: Total acquires 40 pct of Nigerian OML 136 licence</a></li>
<li><a href="https://www.rigzone.com/news/total_acquires_40_stake_in_oml_136-01-jan-0001-48196-article/" rel="nofollow noopener" target="_blank">Rigzone: Total Acquires 40% Stake in OML 136 Offshore Nigeria</a></li>
<li><a href="https://allafrica.com/stories/200707310045.html" rel="nofollow noopener" target="_blank">AllAfrica: ELF Acquires 40 Percent Equity in OML 136</a></li>
<li><a href="https://africaoilgasreport.com/2025/11/farm-in-farm-out/totalenergiess-takes-operatorship-from-conoil-in-opl-257/" rel="nofollow noopener" target="_blank">Africa Oil and Gas Report: TotalEnergies and Conoil asset realignment involving OML 136</a></li>
<li><a href="https://businessday.ng/energy/article/totalenergies-buys-50-of-nigerias-opl-257-from-conoil/" rel="nofollow noopener" target="_blank">BusinessDay: TotalEnergies buys 50% of Nigeria’s OPL 257 from Conoil</a></li>
<li><a href="https://neiti.gov.ng/cms/wp-content/uploads/2022/08/Aggregated-Field-Contract-Data.xlsx" rel="nofollow noopener" target="_blank">Nigeria Extractive Industries Transparency Initiative: Aggregated Field Contract Data</a></li>
</ul>

<h2>Related Topics</h2>
<ul>
<li>Nigeria offshore oil and gas development</li>
<li>OML 136 upstream block</li>
<li>NUPRC upstream project approvals</li>
<li>Gas-condensate development in offshore Nigeria</li>
<li>Conoil and TotalEnergies historical OML 136 participation</li>
</ul>

IEPTC reference profile for Amatu - Akarino Oil and Gas in Nigeria,covering asset type,location,development status,and upstream industry context.

Amatu - Akarino Oil and Gas Project,Nigeria

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Amatu - Akarino Oil and Gas Project,Nigeria

Amatu - Akarino Oil and Gas Project,Nigeria

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