Nigeria’s state oil company, NNPC Ltd, announced on Friday that local producer Amni International and TotalEnergies have reached a final investment decision on an $800 million offshore natural gas project, representing one of the largest recent investments in the country’s upstream gas sector.
The Ima gas project, situated within Oil Mining Leases 112 and 117, is projected to reach a maximum production rate of 300 million standard cubic feet of gas daily.
This output will supply Nigeria LNG’s Train 7 expansion, increasing the Bonny Island plant’s annual capacity from 22 million to 30 million tonnes.
According to NNPC, this investment was driven by President Bola Tinubu’s oil reforms, which offered fiscal incentives for gas projects, cut development costs, and simplified contracting.
As the approving authority, NNPC noted that the Ima project is the fourth major gas development to reach a final investment decision (FID) since these 2024 policy changes.
