Would you like to receive notifications on latest updates of the following headlines?

NPCL, Partner Unlock 12,000bpp from Awoba Unit Field

POSTED ON April 23, 2024 •   Business      BY Abiodun Saheed Omodara
Nigerian National Petroleum Company Limited (NNPC Ltd.) l Credit: NNPCL l Source: NNPCL

The Awoba field, a joint venture between the Nigerian National Petroleum Company Limited (NNPC Ltd.) and Newcross Exploration and Production Ltd (NEPL) has resumed production after it shut down in February 2022 due to evacuation challenges and crude oil theft. 

 

In a statement on Tuesday, Chief Corporate Communications Officer, of NNPC Ltd, Olufemi Soneye,  said that since the restart of the Awoba field by NNPC Ltd and its partners on April 13, 2024; production from the field has averaged 8,000 barrels per day and is expected to plateau at 12,000 per day at full ramp-up within 30 days.

He added that Awoba is also expected to significantly boost gas supply to the power sector and other gas-based industries.

 

Soneye said: “The Awoba Unit which straddles OMLs 18 and 24 is located in the mangrove swamp south of Port Harcourt, Rivers State. Both OML 18 and OML 24 assets are under the management of the NNPC Upstream Investment Management Services (NUIMS).
“NNPC Ltd. has been recording a string of production successes from the JV portfolio 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 achieved the restart of production at OMLs 29 and OML 18 in late 2023 which have steadily contributed an average of 60,000bpd to the nation’s production output since their restart.”

The Group Chief Executive Officer of NNPC Ltd., Mallam Mele Kyari, attributed this achievement to the enabling operating environment provided by the administration of President Bola Ahmed Tinubu, expressing appreciation for the support.

He expressed appreciation to all stakeholders (staff, operators, host communities, government security agencies, and private security contractors) who played a pivotal role in achieving the feat.

READ ALSO
IMF urges Nigeria to exercise fiscal caution amid economic reforms
BY Abiodun Saheed Omodara April 24, 2025 0

The International Monetary Fund (IMF) has called on Nigeria to exercise caution in its expenditures...

READ ALSO
FG urges IMF, World Bank to bolster economic reforms in sub-saharan Africa
BY Abiodun Saheed Omodara April 24, 2025 0

Finance Minister Wale Edun has emphasized the need for increased global assistance to reform economi...

READ ALSO
Nigeria's Economic Reforms Boost Sovereign Credit Profile - IMF
BY Abiodun Saheed Omodara April 23, 2025 0

The Assistant Director for Global Markets at the International Monetary Fund (IMF), Jason Wu,  ...

READ ALSO
Trade Wars Take Center Stage at IM ,World Bank Spring Meetings
BY Abiodun Saheed Omodara April 22, 2025 0

Global finance leaders are convening in Washington this week for the semi-annual meetings of the Int...

READ ALSO
Kano secures $10bn investment for renewable energy, minerals in partnership with Morocco
BY Abiodun Saheed Omodara April 21, 2025 0

KANO, Nigeria (NAN) - The government of Kano state has announced that it will secure more than $10 b...

READ ALSO
RMAFC, ALGON collaborate to strengthen LG financial autonomy
BY Abiodun Saheed Omodara April 18, 2025 0

The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Dr. Mohammed Bell...

READ ALSO
LCCI, NIXIN call for government support to revitalize Nigeria's paper manufacturing industry
BY Abiodun Saheed Omodara April 18, 2025 0

The Lagos Chamber of Commerce and Industry (LCCI), in collaboration with NIXIN Paper Mill Nigeria Li...

READ ALSO
Cross River to rejuvenate rubber estates after out-of-court settlement with Enghaut industries
BY Abiodun Saheed Omodara April 18, 2025 0

CROSS RIVERS, Nigeria - The Cross River State Government, along with Enghaut Industries, has reached...

OUR CHANNELS:

Family seeks Justice following Police arrest and disappearance
BY Abiodun Saheed Omodara April 27, 2025 0

The family of Osas Azenabor, who was allegedly arrested by police on November 1, 2024, in the Mile 1...


Local groups seek FG backing to fight insecurity in Nigeria
BY Abiodun Saheed Omodara April 27, 2025 0

In the face of increasing insecurity nationwide, hunters and farmers are urging the Federal Governme...


Zulum raises alarm over Boko Haram resurgence in Borno State
BY Abiodun Saheed Omodara April 27, 2025 0

Borno, Nigeria - The Governor of Borno State, Babagana Zulum has expressed concern about the re-emer...


Atiku declares 2027 elections a referendum against Tinubu's administration
BY Abiodun Saheed Omodara April 27, 2025 0

Former Vice President Atiku Abubakar has stated that the upcoming 2027 general election will not be...


CBN allows cash transactions for 2025 pilgrims to Mecca following VP intervention
BY Abiodun Saheed Omodara April 27, 2025 0

ABUJA, Nigeria - The Central Bank of Nigeria (CBN) has granted permission for the 2025 intending pil...


Court order EFCC to detain CBEX Staff
BY Abiodun Saheed Omodara April 27, 2025 0

ABUJA, Nigeria (NAN) - The Federal High Court in Abuja on Thursday, authorized the Economic and Fina...


2face set to marry Edo politician Natasha in traditional wedding, April 25
BY Abiodun Saheed Omodara April 27, 2025 0

A popular Nigerian singer and multiple award winner, Innocent Idibia, known as "2Baba," alongside Ed...


Nigeria must leverage skills of retired military personnel in security strategy- Babandede
BY Abiodun Saheed Omodara April 27, 2025 0

Muhammed Babandede, a former comptroller-general of the Nigeria Immigration Service, has urged Presi...


Bauchi university dismisses lecturer over sexual assault
BY Abiodun Saheed Omodara April 27, 2025 0

Bauchi, Nigeria - The Governing Council of Abubakar Tafawa Balewa University in Bauchi State has ter...


FG commends Ghana for rescuing 219 trafficked Nigerians from cybercrime
BY Abiodun Saheed Omodara April 27, 2025 0

ABUJA, Nigeria - The federal government has praised the Ghanaian authorities for rescuing at least 2...


More Articles

Load more...

Menu