NNPC Ltd, First E&P celebrate 20,000bpd production milestone at OML 85's Madu Field

In a significant milestone for Nigeria's oil and gas industry, the Nigerian National Petroleum Company Limited (NNPC Ltd) and its joint venture partner in Oil Mining Lease (OML) 85, First Exploration and Petroleum Development Company Limited (First E&P), have successfully commenced oil production from the Madu Field. 

This achievement marks a significant step forward in the development of the nation's hydrocarbon resources and is expected to contribute significantly to the country's energy needs. 

According to a press statement signed by Olufemi O. Soneye, the Chief Corporate Communications Officer of NNPC Limited, 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, 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 800,000bbls.
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