NNPCL, partner target 12,000bpd from Awoba field
With a focus on maximizing production from the hydrocarbon assets to enhance revenues and meet production quota, the Nigerian National Petroleum Company Limited (NNPCL) and its joint venture partner in the Awoba Unit Field, Newcross Exploration and Production Limited, have resumed production from the field with an initial average production of 8,000 barrels per day (bpd) and expected to scale up to 12,000bpd at full ramp within 30 days.
The company emphasised that the Awoba field last contributed to production at the Bonny Terminal in 2021 and was ultimately shut down in February 2022 due to evacuation issues and oil theft. It noted that the unit, which spans OMLs 18 and 24, is situated in the mangrove swamp south of Port Harcourt, Rivers state, under the management of the NNPC Upstream Investment Management Services (NUIMS).
It added that Awoba is also expected to significantly boost gas supply to the power sector and other gas-based industries.
NNPCL has been recording a string of production successes from the JV portfolios, which have significantly lifted overall national production.
Besides the recent start of production at the Madu Field by the NNPC Ltd/First E&P JV, the company has activated production at OMLs 29 and OML 18 in late 2023, which have steadily contributed an average of 60,000bpd to production output since their restart, NNPCL said.
Speaking on the development, the Group Chief Executive Officer, Mele Kyari, ascribed the achievement to the President Bola Ahmed Tinubu administration’s success in providing an enabling operating environment for businesses to thrive.
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
0 Comments
We will review and take appropriate action.