NNPC Limited made a significant announcement on Sunday, revealing that its upstream subsidiary, NNPC Exploration and Production Limited (NNPC E&P Ltd), in collaboration with Natural Oilfield Services Ltd (NOSL), a subsidiary of Sterling Oil Exploration & Energy Production Company Ltd (SEEPCO), has successfully initiated oil production at Oil Mining Lease (OML) 13 in Akwa Ibom State.
In a detailed statement released by Mr. Olufemi Soneye, the Chief Corporate Communications Officer of NNPC Ltd, it was disclosed that the production activities commenced on the 6th of May 2024, starting with an output of 6,000 barrels of oil. The operation is anticipated to scale up significantly to reach a daily production rate of 40,000 barrels by May 27th, 2024.
Soneye emphasized that the commencement of oil flow from OML 13 marks a momentous achievement in the collaborative efforts of NNPC E&P Ltd and NOSL. This milestone underscores their unwavering commitment to fostering growth and progress within Nigeria’s oil and gas sector, a pivotal pillar of the country’s economy.
The accomplishment not only signifies the successful realization of meticulous planning and diligent execution by the dedicated teams involved but also signifies the dawn of a new chapter in economic empowerment and developmental prospects for the communities hosting these operations.
Moreover, the initial oil extraction from OML 13 carries significant importance for Nigeria, as it contributes to the nation’s objectives of enhancing its oil production capacity. This enhancement is crucial for fulfilling domestic energy requirements and propelling economic advancement across various sectors.
Highlighting their core values, Soneye reiterated that the partnership between NNPC E&P Ltd and NOSL is firmly committed to conducting operations in a manner that prioritizes safety, environmental sustainability, and mutual benefits for the local communities where they operate. This commitment underscores their dedication to responsible and sustainable practices in the oil and gas industry.
