Friday, July 4, 2025
Home Oil & Gas NNPC LTD, FIRST E&P ACHIEVE 20,000bpd PRODUCTION AT OML 85

NNPC LTD, FIRST E&P ACHIEVE 20,000bpd PRODUCTION AT OML 85

The Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partner in OML 85, First Exploration and Petroleum Development Company Limited (First E&P), have commenced oil production from the asset also known as Madu Field.
Production from the field which is located in shallow waters offshore Bayelsa State and operated by First E&P is expected to be at an average of 20,000 barrels per day.
In a statement signed by the Chief Corporate Communications Officer
NNPC Ltd. Oulufemi So eye it’s says, 1
The achievement is a testament to the commitment of the President Bola Tinubu administration to optimise production from the nation’s oil and gas assets through the provision of enabling environment for existing and prospective investors.
Speaking on the development, the Group Chief Executive Officer of NNPC Ltd,  Mele Kyari, described the commencement of oil production at the Madu Field as a significant milestone that will contribute to the larger goal of meeting the production required to drive revenue growth and boost the nation’s economy.
Kyari, who commended stakeholders for their support, also explained that the addition of 20,000 barrels per day by an indigenous oil player signals the commitment of stakeholders to achieving economic development for Nigeria.
It would be recalled that the Final Investment Decision (FID) on the development of the Madu Field and a sister field, Anyala, was taken by the NNPC Ltd/First E&P JV in 2018.
Production from the Madu Field will be processed at the JV’s Abigail-Joseph Floating Production Storage and Offloading (FPSO) Unit, which has a crude oil storage capacity of up to 800,000bbls.
RELATED ARTICLES

NNPCL ALLEGES COORDINATED SABOTAGE CAMPAIGN AGAINST NNPC LIMITED’S LEADERSHIP.

  The Nigerian National Petroleum Company Limited (NNPC Ltd.) has uncovered an emerging coordinated sabotage campaign being waged by a syndicate of known and faceless...

GLOBAL OIL PRICE MAY SURGE PAST $150 PER BARREL AS IRAN’S PARLIAMENT APPROVES CLOSURE OF STRAIT OF HORMUZ .

  Iran’s parliament has approved the closure of the strategically crucial Strait of Hormuz, a vital waterway for global oil shipments, in a significant escalation...

PETROLEUM PRODUCERS LAUD NUPRC REFORMS,

  Petroleum Producers laud NUPRC Reforms, Applaud Role in Assets Divestment by International Oil Companies. A delegation from the Independent Petroleum Producers Group (IPPG) visited the...

Most Popular

NO BREACH OF CIVIL SERVICE RULES IN FORTHCOMING NEPC PROMOTION EXAMS – NEPC

  Nigeria Export Promotion Council (NEPC) has refutes the Sahara Reporters report  regarding the forthcoming promotion examinations at the Nigeria Export Promotion Council (NEPC). In the...

NAICOM HANDS OVER NEW LICENSES TO SANLAMALLIANZ LIFE AND GENERAL INSURANCE.

  The National Insurance Commission (NAICOM) has handed over new licenses to SanlamAllianz Life and General Insurance Nigeria Ltd. in a brief ceremony held in...

KADUNA STATE GOVERNMENT AND SMEDAN SIGN ₦1 BILLION MOU TO BOOST MSME DEVELOPMENT.

  In a landmark move to drive inclusive economic growth and revitalization of the entrepreneurial ecosystem in Kaduna State, the Kaduna State Government has signed...

NIGERIA, SAUDI ARABIA CUSTOMS SIGN HISTORIC COOPERATION AGREEMENT AT WCO COUNCIL SESSION IN BRUSSELS.

In a major diplomatic stride in alignment with Customs-to-Customs cooperation, the Nigeria Customs Service (NCS) and the Zakat, Tax and Customs Authority of the...

Recent Comments