NNPC, FIRST E&P JV Commences Production In OMLs 83/85, targets 3 million barrels in 3 years

Date:

The Nigerian National Petroleum Corporation (“NNPC”) and FIRST Exploration and Petroleum Development Company (“FIRST E&P”) Joint Venture has announced the commencement of oil production from the Anyala West field in Oil Mining Leases (OMLs) 83 & 85.

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OMLs 83 & 85 are in the shallow waters offshore Bayelsa State where FIRST E&P is the Operator of the two blocks, on behalf of the NNPC/FIRST E&P Joint Venture.

According to the firms in a statement,the Anyala – Madu field development project objective is to develop 142 million barrels of oil and 98 billion standard cubic feet of gas from the fields in Phase 1.

“It utilises the Abigail-Joseph FPSO, a 274 meters long converted Suezmax trading tanker with a storage capacity of 700,000 barrel, oil processing capacity of 60,000 barrels of oil per day, produced water treatment of 20,000 barrels per day and a gas handling capacity of 39 million standard cubic feet per day.

“A total of seven development wells have been planned in Phase 1 and approved by the Department of Petroleum Resources (DPR) in the Anyala West field (OML 83) which will be developed along with the nearby Madu field in (OML 85) to be jointly produced in the Abigail-Joseph FPSO”.

They noted that each field is being developed with an unmanned conductor supported platform (CSP), a novel drilling and development technology deployed in the Niger Delta.

“The FPSO underwent upgrade, refurbishment and life extension works in Keppel Shipyard, Singapore, to meet specified standards and specifications and the excellent partnership between NNPC, FIRST E&P, Yinson and Keppel Shipyard, helped to ensure these critical pre-deployment activities for the FPSO were completed in record time.

“A team of young Nigerian professionals including 7 NNPC staff were part of the successful extension works in the Keppel Shipyard and they will form an integral part of the FPSO operations team in the production phase.

“The project at its peak production will produce about 60,000 barrels of oil per day, unlock over 300 million barrels of crude oil recoverable reserves and create value of over $8bn for the FGN over the total lifespan of all phases of the project.

“The project was carried out with over 2.5 million man-hours with zero Lost Time Injury.

Speaking further, Group Managing Director,

NNPC, Mr Mele Kolo Kyari, stated that the project is a milestone for Nigeria being the first wholly indigenously executed and funded integrated Oil and Gas project in the shallow offshore.

“This a project that will go a long way in helping us to achieve our strategic objective of 3 million barrels of oil per day by 2023.

“This is the first project that NNPC, as a JV partner, will carry its partner to provide funding on behalf of the Joint Venture. It is a signal of hope for our country that there is indeed light at the end of the tunnel. The accomplishment of this great feat in the midst of a pandemic is a clear demonstration of our resolve to achieve performance excellence in spite of all odds.”

In his remarks, Managing Director of FIRST E&P, Mr Ademola Adeyemi-Bero, said, “We appreciate all the support that was given to us by the NNPC, the Department of Petroleum Resources, Nigeria Content Development Monitoring Board as well as the hard work and collaboration by FIRST E&P staff, our contractors as well as Nigerian banks in the achievement of this major milestone.”

Godwin Okafor
Godwin Okaforhttps://naija247news.com
Godwin Okafor is a veteran Financial Journalist, Internet Social Entrepreneur, and the visionary Founder of Naija247news Media Limited. With an extensive career spanning over 16 years in financial journalism, Godwin possesses a wealth of experience that seamlessly bridges both traditional and digital media landscapes. His journey in journalism commenced at Business Day, Nigeria, where he laid the foundation for his prolific career. In 2010, Godwin took a bold step by founding Naija247news Media, a platform that has since become a prominent player in delivering timely and accurate news. Educationally, Godwin Okafor holds a Bachelor's degree in Industrial Relations and Personnel Management from the prestigious Lagos State University, Ojo, Lagos. His commitment to continuous learning led him to the Lagos Business School, where he further honed his skills. Additionally, he is recognized as a Fellow of the University of Pennsylvania, having successfully completed the Wharton Seminar for Business Journalists. Throughout his illustrious career, Godwin has earned acclaim by winning numerous journalism awards, a testament to his dedication to excellence in reporting. Beyond his role as a Financial Journalist, Godwin Okafor wears the hat of the Chairman at Emmerich Resources Limited, the publishing entity behind Naija247news. His visionary leadership has played a pivotal role in shaping the media landscape and establishing Naija247news as a trusted source of information. Godwin Okafor's multifaceted expertise, commitment to journalistic integrity, and leadership in the realm of business journalism underscore his influential presence in both the media and entrepreneurial spheres.

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