{"id":64842,"date":"2024-04-20T00:00:00","date_gmt":"2024-04-20T00:00:00","guid":{"rendered":"http:\/\/southafricavoice.com\/?guid=51fa67952570739b734545ccb8d81a92"},"modified":"2024-04-20T00:00:00","modified_gmt":"2024-04-20T00:00:00","slug":"nnpc-ltd-first-ep-begin-crude-oil-production-at-oml-85","status":"publish","type":"post","link":"https:\/\/southafricavoice.com\/nnpc-ltd-first-ep-begin-crude-oil-production-at-oml-85\/","title":{"rendered":"NNPC Ltd., First E&P begin crude oil production at OML 85"},"content":{"rendered":"
\nThe Nigerian National Petroleum Company Limited (NNPC Ltd.) and its joint venture partner in OML 85, First Exploration and Petroleum Development Company Limited (First E and P), have commenced oil production from the asset.<\/p>\n
Production from the asset, also known as Madu Field, which is located in shallow waters offshore Bayelsa and operated by First E and P is expected to be at an average of 20,000 barrels per day.<\/p>\n
In a statement on Friday in Abuja, the Group Chief Executive Officer of NNPC Ltd., Malam Mele Kyari, described the commencement of oil production at the Madu Field as a significant milestone.<\/p>\n
Kyari said the achievement was a testament to the commitment of President Bola Tinubu administration’s to optimise production from the nation’s oil and gas assets through the provision of enabling environment for existing and prospective investors.<\/p>\n
He said it would contribute to the larger goal of meeting the production required to drive revenue growth and boost the nation’s economy.<\/p>\n
Kyari, who commended s
\ntakeholders for their support, also explained that the addition of 20,000 barrels per day by an indigenous oil player signalled the commitment of stakeholders to achieving economic development for Nigeria.<\/p>\n
It will 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 and P JV in 2018.<\/p>\n
Production from the Madu Field would 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.<\/p>\n
Source: News Agency of Nigeria<\/p>\n","protected":false},"excerpt":{"rendered":"
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 and P), have commenced oil production from the asset.<\/p>\n
Production from the asset,…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\n