NNPCL, First E&P commence production of 20,000bpd at OML 85 in Bayelsa

The Nigerian National Petroleum Company Limited (NNPC Ltd.) and its Joint Venture partner in OML 85, First Exploration and Petroleum Development Company Limited (First


By: | on | 1267 views
Topic: News


NNPCL, First E&P commence production of 20,000bpd at OML 85 in Bayelsa


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 Madu Field in Bayelsa State.

Fresh Angle International, understands that production from the field which is located in shallow waters offshore in Bayelsa State and operated by First E&P, is expected to be at an average of 20,000 barrels per day. 

According to NNPCL: “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 an enabling environment for existing and prospective investors.”

Speaking on the development, the Group Chief Executive Officer of NNPC Ltd., Mr. 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 800,000 bbls.

 


Copyright: Fresh Angle International (www.freshangleng.com)
ISSN 2354 - 4104


Sponsored Ad



Tonebsky Nesta
Tonebsky Nesta is the pen name for Metsese Anthony Ebule, Co-Publisher/Editor-In-Chief
Read other stories by Tonebsky Nesta

Our strategic editorial policy of promoting journalism, anchored on the tripod of originality, speed and efficiency, would be further enhanced with your financial support. Your kind contribution, to our desire to become a big global brand, should be credited to our account:

Fresh Angle Nig. Ltd
ACCOUNT NUMBER: 0130931842.
BANK GTB.



Sponsored
Sponsored Ads