Nigeria has increased it’s oil production capacity by 60,000bbl.
This follows the commencement of oil production from the Anyala Field located in Oil Mining Leases (OMLs) 83/85 by the Nigerian National Petroleum Corporation (NNPC) Group, First_EandP JV.
The NNPC disclosed this on its Twitter Handle adding that this development will increase the nation’s oil production by 60,000bbl.
According to the NNPC, “The Anyala Field was discovered 42 years ago. It is located in OML 83/85 and it is a shallow water asset. This remarkable milestone is expected to lead to a peak production of 60,000bbl.
“This milestone marked the introduction of hydrocarbon into the Abigail-Joseph Floating Production Storage & Offloading (FPSO) Vessel which was safely achieved at 15:00hrs on 21st October, 2020”.
Commenting on the development, General Managing Director, Mele Kyari said: “NNPC is committed to monetizing Nigeria’s abundant oil/gas resources from all our assets. It’s in our informed interest to deliver gas projects in view of the resilience gas has shown in the market since COVID-19 outbreak & the value it delivered.”
He also noted that NNPC Group will continue to work with partners to deliver low-cost barrels in spite of the current market dynamics occasioned by the COVID-19 pandemic. “We remain ever committed to delivering value to the 200 million Nigerians, who are our critical shareholders.”
The NNPC Group/FirstEandP JV also operates the Madu Field which is located in OML 85. It is expected to come on stream in 2021.