Just In: NNPC, FIRST E&P JV announce commencement of oil production from OMLs 83/85

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The Nigerian National Petroleum Corporation (NNPC) and FIRST Exploration and Petroleum Development Company (“FIRST E&P”) Joint Venture on Thursday announced commencement of oil production from Oil Mining Leases (OMLs) 83/85.

Discovered 42 years ago,the Anyala Field located in OML 83/85 is a shallow water asset. This remarkable milestone will lead to an expected peak production of 60,000bbl.

According to NNPC, the milestone marked the introduction of hydrocarbon into the Abigail-Joseph Floating Production Storage and Offloading (FPSO) Vessel which was safely achieved at 15:00hrs on 21st October, 2020.

On the development, GMD Mallam Mele Kyari said: “NNPC is committed to monetizing Nigeria’s abundant oil and gas resources from all our assets. It is in our informed interest to deliver gas projects in view of the resilience gas has shown in the market since COVID-19 outbreak and the value it delivered.”

He also noted that NNPC would continue to work with partners to deliver low-cost barrels in spite of the current market dynamics occasioned by the COVID19 pandemic.

“We remain ever committed to delivering value to the 200 millon Nigerians, who are our critical shareholders,” he said.

The NNPC and FIRST E&P JV also operate the Madu Field which is located in OML 85. It is expected to come on stream in 2021.

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