Akpo field is located approximately 175 km from Port Harcourt, within the Oil Mining Lease (OML) 130, in water depths ranging from 1100-1300m.

The condensate field was discovered in April 2000 with the drilling of the first exploration well (Akpo 1) on the block. Following an appraisal drilling programme on Akpo comprising of four vertical wells, two side tracks and detailed Reservoir and Development studies, a Field Development Plan (FDP) was submitted to the Department of Petroleum Resources (DPR) for approval. The FDP proposed 44 wells including 22 producers; 20 water injectors; and 2 gas injectors with a network of Umbilicals, Flowlines and Risers connecting the Subsea Production Systems to the FPSO.

Akpo has two fields: Akpo main and Akpo west field. Akpo main has been developed with 50 wells (44 FDP wells + 6 infill wells) while Akpo West field is planned for development with three wells in 2022.

Condensate export lifting is done via a Buoy located 2km from the FPSO. Part of its gas is re-injected while the remaining part is transported via 150km of pipelines to Amenam/Kpono platform for onward delivery to the Bonny Liquefied Natural Gas (LNG) Plant.

First production from Akpo was achieved in March 2009 and production peaked at 180,000 bpd. To date, over 600 million barrels of condensate have been produced from Akpo field.