AMNI International Petroleum Development Company Limited has announced the Final Investment Decision (FID) for the Ima Gas Project, in partnership with TotalEnergies EP Nigeria Limited. This marks a significant milestone in the commercialisation of one of AMNI's substantial offshore gas resources and the next phase of the company's long-term growth strategy. The project has an estimated development cost of approximately $1.108 billion and holds independently confirmed gross reserves of around 1.28 trillion cubic feet of non-associated gas.
The Ima Gas Project is designed to produce approximately 350 million standard cubic feet of gas per day for a minimum of eight years. The gas from the development is expected to supply around 30% of the feed gas requirement for Nigeria LNG's Train 7, providing a significant long-term gas supply stream to the country's expanding LNG infrastructure. First gas is targeted for October 2028. The FID follows extensive technical, commercial, and contractual work on the project, including Front-End Engineering Design and the execution of key project agreements.
Chief Tunde J Afolabi, Chairman/CEO of AMNI International Petroleum Development Company Limited, emphasised the importance of the FID, stating it reflects the company's continued commitment to the responsible development of Nigeria's oil and gas resources. The project demonstrates what can be achieved through sustained partnership, disciplined investment, and a shared commitment to unlocking Nigeria's gas potential. Afolabi highlighted that the project showcases the expanding role and capability of Nigerian independent companies in the country's petroleum sector.
Afolabi also noted that Nigeria's substantial hydrocarbon resources would only translate into economic value where investment, technology, and human capability can convert resources into production. This requires cooperation among government, regulators, international energy companies, indigenous operators, financiers, contractors, host communities, and the workforce. The Ima development demonstrates the growing capability of Nigerian organisations to build partnerships with leading international energy companies based on mutual respect and complementary strengths.
The project marks a new chapter in the longstanding relationship between AMNI and TotalEnergies, which entered into a Joint Venture with AMNI in 2005. The Ima Gas development builds on resources discovered alongside the original Ima oil accumulation and extends a partnership spanning more than two decades. AMNI acquired the Ima licence in the early years of its operations and subsequently commenced appraisal and development activities, achieving first oil from the field in 1996.
AMNI International Petroleum Development Company Limited is an independent indigenous oil and gas exploration and production company with operations in Nigeria. Established in 1993, the company has more than three decades of experience in offshore exploration and production. The Ima Gas Project forms a key part of AMNI's broader growth programme and its Road to 250 KBOE/d strategy, under which the company is targeting production capacity of approximately 250,000 barrels of oil equivalent per day by 2031.
The project also underscores AMNI's commitment to Nigerian content, technical excellence, safety, and environmental responsibility. With FID now achieved, the focus shifts decisively to delivery, ensuring the project is executed safely, responsibly, and efficiently, with high standards of technical integrity and environmental stewardship.
Key points
- The Ima Gas Project has an estimated development cost of approximately $1.108 billion and holds independently confirmed gross reserves of around 1.28 trillion cubic feet of non-associated gas.
- The project is designed to produce approximately 350 million standard cubic feet of gas per day for a minimum of eight years.
- The gas from the development is expected to supply around 30% of the feed gas requirement for Nigeria LNG's Train 7.
