NNPC E&P Ltd, NOSL hit first oil in OML 13, Akwa Ibom
NNPC Exploration and Production Limited (NNPC E&P Ltd), NNPC Ltd’s flagship upstream subsidiary, and Natural Oilfield Services Ltd (NOSL), a subsidiary of Sterling Oil Exploration & Energy Production Company Ltd (SEEPCO), have announced the successful commencement of oil production at Oil Mining Lease (OML) 13 in Akwa Ibom State, Nigeria.
In a statement, Chief Corporate Communications Officer NNPC Ltd, Olufemi O. Soneye, the production, which commenced on the 6th of May 2024 with 6,000 barrels of oil, is expected to be ramped up to 40,000 barrels per day by May 27th, 2024.
The first oil flow from OML 13 is a historic milestone in the partnership between NNPC E&P Ltd and NOSL, highlighting their dedication to driving growth and development in Nigeria’s oil and gas sector, which remains a vital component of the nation’s economy.
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The achievement does not only signify the culmination of rigorous planning and execution by the teams involved, but also represents a new era of economic empowerment and development opportunities for the host communities.
Furthermore, for Nigeria, the first oil from OML 13 holds some significance as it contributes to the country’s efforts to increase its oil production capacity, which is crucial for meeting domestic energy needs and driving economic growth.
The NNPC E&P Ltd and NOSL partnership is also committed to operating in a manner that is safe, environmentally responsible, and beneficial to the local communities.
About NNPC E&P Limited
NNPC E&P Limited (NEPL), a wholly-owned subsidiary of the Nigerian National Petroleum Company Limited (NNPCL), operates as a prominent entity involved in the exploration and production of oil and gas resources. Our operations encompass the highly abundant hydrocarbon-rich areas situated along the coastal regions of Nigeria, encompassing both onshore and offshore ventures. Furthermore, we have expanded our reach to include exploration activities in the frontier basins. Our primary objective is to position ourselves as the foremost exploration and production company in Nigeria. Through the judicious utilisation of state-of-the-art technology, we are committed to operating a profitable global enterprise in the domain of petroleum exploration and production.
Meanwhile, Nigerian National Petroleum Corporation (NNPC) is a for profit oil company in Nigeria. Formerly a government-owned corporation, it was transformed from a corporation to a limited liability company in July 2022. NNPC Limited is the only entity licensed to operate in the country’s petroleum industry. It partners with foreign oil companies to exploit Nigeria’s fossil fuel resources.
NNPC was established on 1 April 1977 as a merger of the Nigerian National Oil Corporation and the Federal Ministry of Petroleum and Energy Resources. NNPC by law manages the joint venture between the Nigerian federal government and a number of foreign multinational corporations, which include Royal Dutch Shell, Agip, ExxonMobil, TotalEnergies, Chevron, and Texaco (now merged with Chevron). Through collaboration with these companies, the Nigerian government conducts petroleum exploration and production. NNPC Limited is ranked seventh (7th position) on LinkedIn’s 25 best companies to work in Nigeria in 2023.
