TotalEnergies Signals Strategic Shift on Ima Gas Field

French energy major, TotalEnergies is preparing to announce a long delayed Final Investment Decision (FID) on the Ima gas field after nearly three years of negotiations with its junior partner, Amni International, according to senior industry sources familiar with the talks. Huhuonline.com understands that the decision, expected as early as July 2026, marks the company’s most significant upstream commitment in Nigeria since it began aggressively pruning its onshore and shallow water oil portfolio.

 

The move comes at a delicate moment for Nigeria’s energy sector, where international oil companies (IOCs) have spent the past decade divesting from high risk oil assets while deepening their focus on deepwater and gas centric projects. TotalEnergies has been at the forefront of this shift, selling multiple onshore blocks and repeatedly signaling that its future in Nigeria lies in gas, LNG, and lower carbon offshore developments. The Ima field, gas rich, commercially viable, and located in shallow offshore waters, fits squarely into that strategy.

 

TotalEnergies’ expected FID does not represent a reversal of its divestment policy. Instead, it underscores a more nuanced approach: exit oil heavy, high risk assets; double down on gas focused, lower carbon projects and partner with indigenous operators to reduce exposure. Amni International’s co ownership of the Ima field has been central to unlocking the deal. By sharing operational and community management risks with a Nigerian partner, TotalEnergies can invest without inheriting the full burden of Niger Delta volatility. The Petroleum Industry Act (PIA) has also helped. The law’s clearer fiscal terms for gas development have removed some of the regulatory uncertainty that previously deterred investment.

 

Why the Ima FID Matters for Nigeria

If confirmed, the FID would be a rare bright spot for Nigeria’s upstream sector, which has struggled with declining oil output, stalled deepwater investments, IOC divestments, and chronic underinvestment in domestic gas supply. A new gas project from a major IOC could boost feedstock for power generation, support industrial gas demand, strengthen Nigeria LNG’s long term supply base, and signal to global investors that Nigeria remains investable under the right conditions. It also aligns neatly with Abuja’s “Decade of Gas” agenda, which has so far produced more rhetoric than results.

 

The implications for TotalEnergies’ divestment policy are many and varied. To begin with, gas is now the centre of gravity. The Ima project reinforces the company’s global pivot toward gas and LNG. Nigeria remains strategically important—but only for the right type of assets. Secondly, success at Ima could accelerate TotalEnergies’ exit from legacy oil blocks, freeing capital for gas centric developments. Thirdly, IOC–local partnerships are the new model. If Ima works, other majors may replicate the structure: local operator plus IOC capital plus gas focused asset, equals to viable investment. Lastly, Nigeria’s regulatory reforms are finally gaining traction. 

 

The PIA’s gas incentives appear to be doing what years of policy drafts could not: attracting fresh IOC commitments. Negotiations between TotalEnergies and Amni International have dragged on since 2023, slowed by ownership and operatorship questions, fiscal clarifications under the PIA, global portfolio reshuffling by TotalEnergies, and Nigeria’s shifting regulatory environment. The breakthrough suggests that both sides now see the commercial and political stars aligning.

 

The Bottom Line

TotalEnergies’ expected FID on the Ima gas field is more than a routine upstream announcement. It is a strategic signal: first, the French major is not abandoning Nigeria—it is re shaping its footprint. Second, gas, not oil, will define the next chapter of IOC investment. Third, Nigeria’s energy future increasingly depends on selective, lower risk, gas driven partnerships rather than broad IOC engagement. If the FID is announced in July, it will be the clearest indication yet that Nigeria’s gas narrative is finally beginning to convert into concrete investment.