NNPC, NOSL Target 40,000bpd as OML 13 Begins Production

The Nigerian National Petroleum Company Exploration and Production Limited (NNPC E&P) and the Natural Oilfield Services Limited (NOSL) have commenced oil production at oil mining lease (OML) 13.

NNPC E&P is a flagship upstream subsidiary of NNPC Limited, while NOSL is a subsidiary of Sterling Oil Exploration and Energy Production Company (SEEPCO).

According to a statement on Sunday by Olufemi Soneye, chief corporate communications officer at NNPC, the production commenced on May 6, 2024, in Akwa Ibom, with 6,000 barrels of oil per day (bpd).

The national oil company said production is expected to be ramped up to 40,000 bpd by May 27, 2024.

The NNPC said the first oil flow from OML 13 is a historic milestone in the partnership between NNPC E&P Ltd and NOSL.

According to the statement, the development highlights the firms’ commitment to driving growth and development in Nigeria’s oil and gas sector, which remains crucial to the nation’s economy.

The NNPC said the achievement signifies the culmination of rigorous planning and execution by the teams involved and represents a new era of economic empowerment and development opportunities for communities where the project is based.

“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 statement reads.

The NNPC affirmed Its partnership with NOSL, emphasising their dedication to conducting operations in a manner that prioritises safety, environmental responsibility, and positive impact on local communities.

 

May 13, 2024