Nigeria Boosts Oil Production with New Output from Akwa Ibom Field.
In a significant development for Nigeria’s oil and gas sector, the Nigerian National Petroleum Corporation Limited (NNPCL) has announced the commencement of oil production at Oil Mining Lease (OML) 13 in Akwa Ibom State.
This milestone marks a major achievement in the partnership between NNPC Exploration and Production Limited (NNPC E&P Ltd.) and Natural Oilfield Services Ltd. (NOSL), a subsidiary of Sterling Oil Exploration & Energy Production Company Ltd. (SEEPCO).
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As of May 6th, 2024, the field has begun producing an initial 6,000 barrels of oil per day, with plans to ramp up production to 40,000 barrels per day by May 27th, 2024. This increase in output is expected to significantly contribute to Nigeria’s efforts to boost its oil production capacity, providing a much-needed boost to the nation’s economy.
The success of this project is a testament to the hard work and dedication of the teams involved, and highlights the potential for increased oil output in the region.
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As Nigeria continues to navigate the challenges of the global energy market, this new production milestone is a welcome development that is sure to have a positive impact on the country’s economic growth and development.
