Business News

NNPC, First E&P Meet 20,000bpd Production Target at OML 85

OML 85 Made field

By Adedapo Adesanya The Nigerian National Petroleum Company (NNPC) Limited and its Joint Venture partner in Operating Mining Lease OML 85, First Exploration and Petroleum Development Company Limited (First E&P), have commenced oil production from the asset, also known as Madu Field. Production from the field, which is located in shallow waters offshore Bayelsa State and operated by First E&P, is expected to be at an average of 20,000 barrels per day. According to a statement released by Mr Olufemi Soneye, the Chief Corporate Communications Officer of the state-owned oil company on Friday, the achievement is a testament to the