The successful commencement of oil production at Oil Mining Lease (OML) 13 in Akwa Ibom State has been jointly announced by the Nigerian National Petroleum Company Exploration and Production Limited (NNPC E&P Ltd), an upstream subsidiary of NNPC, and Natural Oilfield Services Ltd (NOSL), which is under Sterling Oil Exploration & Energy Production Company Ltd (SEEPCO). The continued growth and sustainability of Nigeria’s oil and gas industry have reached a critical milestone with this new breakthrough.
Production began on May 6, 2024, with an initial output of 6,000 barrels of oil per day, according to a recent announcement from Olufemi Soneye, the Chief Corporate Communications Officer at NNPC. Preparations have already been made to significantly raise this number to 40,000 barrels per day by the 27th of May 2024.
This project is significant not only for its economic benefits and sectors development, but also because it is viewed as a source of economic empowerment and a multitude of development chances for the surrounding local populations. A new age of greater community welfare and local involvement is anticipated as a result of the operation.
Furthermore, Nigeria’s strategic goal in starting production at OML 13 is to increase the nation’s capacity to produce oil. This is essential for supplying the rising domestic energy needs and promoting more widespread economic expansion in a number of industries. Nigeria needs increased oil production capacity in order to manage the intricate dynamics of the world energy supply and to continue to be regarded as a leading oil exporter.
NNPC E&P Ltd and NOSL are committed to operating in a way that is socially and environmentally responsible in addition to being safe and effective. In order to ensure minimal environmental effect and to build positive relationships with the host communities by supporting their social and economic development, the collaboration is dedicated to putting best practices in the industry into practice.
The joint venture between NNPC E&P Ltd and NOSL at OML 13 has the potential to establish a standard for upcoming oil and gas activities in Nigeria. It displays a determined attempt to use local resources in a way that is advantageous to all parties concerned, from the surrounding villages to the larger Nigerian economy.
