The Nigerian government has set an ambitious target to increase crude oil production to 100,000 barrels per day (bpd) at the new Abigail Joseph Floating Production Storage and Offloading (FPSO) facility in Bayelsa State.
The facility is operated by the NNPCL-First E&P Joint Venture on OML 83/85 and has already made significant strides in its production capabilities.
The announcement was made by the Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, who recently inspected the offshore facility.
A Vision for Growth
Senator Lokpobiri expressed satisfaction with the progress of the facility, which is currently producing 60,000 bpd.
The facility is on track to reach 70,000 bpd in the near term, with plans to scale up to 100,000 bpd in the coming years.
“It is impressive to see such commitment from NNPCL and First E&P, especially as First E&P pursues a 23-well drilling campaign to sustain and enhance output,” Senator Lokpobiri said during his visit.
“This is a vital step toward achieving our national production targets,” he added.
A Step Toward National Goals
The ambitious target of 100,000 bpd at the Abigail Joseph FPSO is part of the Nigerian government’s broader efforts to increase the country’s crude oil production and ensure it meets both domestic and international demand.
The facility’s expansion will play a crucial role in supporting Nigeria’s oil production goals, which are vital to the country’s economy.
The government has been focusing on increasing production capacity at key facilities, with this new project being one of the most promising in the region.
First E&P’s Commitment to Excellence
The Managing Director and CEO of First E&P Limited, Ademola Adeyemi-Bero, shared his confidence in achieving the 100,000 bpd target in record time.
“We are fully committed to meeting and surpassing our current production goals,” he said.
“With the support of our partners and ongoing de-bottlenecking initiatives, we are confident of achieving 70,000 bpd and eventually 100,000 bpd in record time,” he added.
Adeyemi-Bero also emphasized the capabilities of indigenous companies, pointing out that this project demonstrates their ability to meet ambitious targets.
“This project underscores the capability of indigenous companies to deliver on ambitious targets,” he stated.
NNPCL’s Dedication to Results
Bala Wunti, the Chief Upstream Investment Officer (CUIO) of NNPC Upstream Investment Management Services (NUIMS), also praised the development.
He described the achievements at Abigail Joseph FPSO as a testament to NNPCL’s determination to deliver results.
“The milestones achieved here at Abigail Joseph FPSO are a testament to NNPCL’s determination to deliver results through strategic partnerships and innovative approaches,” Wunti said.
He also pledged the company’s commitment to meeting the Minister’s directive to ramp up production in the near future.
“With the stir of the GCEO, we are committed to meeting the Minister’s directive to ramp up production in no distant time,” Wunti stated.
Strategic Partnerships Driving Growth
The progress at the Abigail Joseph FPSO reflects the strong partnership between the Nigerian National Petroleum Corporation Limited (NNPCL) and First E&P.
Both companies have worked together to enhance the country’s crude oil production, with innovative approaches and strategic planning playing a key role in reaching production milestones.
