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29
Wed, May

NNPC E&P Ltd, NOSL Commence Oil Production at OML 13, Akwa Ibom State

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The Nigerian National Petroleum Company Limited’s Exploration and Production Limited (NNPC E&P Ltd), which is the upstream subsidiary of NNPC Ltd, and Natural Oilfield Services Ltd(NOSL), a subsidiary of Sterling Oil Exploration & Energy Production Company Ltd (SEEPCO), have announced the successful initiation of oil production at Oil Mining Lease (OML) 13 in Akwa Ibom State, Nigeria. The production began on May 6th, 2024, with an initial output of 6,000 barrels of oil - and is expected to increase to 40,000 barrels per day by May 27th, 2024.

According to Chief Corporate Communications Officer, Olufemi Soneye on Sunday, “The first oil flow from OML 13 is a historic milestone in the partnership between NNPC E&P Ltd and NOSL, highlighting their dedication to driving growth and development in Nigeria’s oil and gas sector, which remains a vital component of the nation’s economy.

“The achievement does not only signify the culmination of rigorous planning and execution by the teams involved, but also represents a new era of economic empowerment and development opportunities for the host communities.

“The NNPC E&P Ltd and NOSL partnership is also committed to operating in a manner that is safe, environmentally responsible, and beneficial to the local communities.”

Experts believe that the oil extracted from OML 13 is of great significance as it contributes to the country's efforts to increase its oil production capacity. This is crucial for meeting the country's domestic energy needs and driving economic growth.

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