NNPC, 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 begun producing oil from the asset known as Madu Field.

The field, located in shallow waters offshore Bayelsa State and operated by First E&P, is expected to produce an average of 20,000 barrels per day.

The achievement demonstrates the President Bola Tinubu administration’s commitment to optimising production from the country’s oil and gas assets by creating an enabling environment for existing and prospective investors.

Speaking about the development, NNPC Ltd’s Group Chief Executive Officer, Mr Mele Kyari, described the start 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 country’s economy.

Kyari praised stakeholders for their support and explained that the addition of 20,000 barrels per day by an indigenous oil player demonstrates stakeholders’ commitment to Nigeria’s economic development.

The NNPC Ltd/First E&P JV made the Final Investment Decision (FID) on the development of the Madu Field and its sister field, Anyala, in 2018.

The Madu Field’s production will be processed at the JV’s Abigail-Joseph Floating Production Storage and Offloading (FPSO) Unit, which can store up to 800,000 barrels of crude oil.