NNPC Ltd. and Partner Restart Awoba Field, Aim to Reach 12,000bpd Production

Date:

**BUSINESS Headline:** NNPC Ltd. and Partner Boost Production to 12,000bpd from Awoba Unit Field

Thank you for reading this post, don't forget to subscribe!

**Rewritten Story:**

In a concerted effort to enhance the nation’s hydrocarbon assets’ productivity, the Nigerian National Petroleum Company Limited (NNPC Ltd.), in collaboration with its Joint Venture partner, Newcross Exploration and Production Ltd., has recommenced production from the Awoba field.

The Awoba field, which ceased contributing to the Bonny Terminal in 2021 and was eventually closed down in February 2022 due to evacuation challenges and crude oil theft, has been rejuvenated by NNPC Ltd. and its partners since April 13, 2024.

Initially averaging at 8,000 barrels per day, production from the Awoba field is projected to reach a peak of 12,000 barrels per day within 30 days of full ramp-up. Moreover, Awoba is anticipated to substantially augment gas supply to the power sector and other gas-dependent industries.

Situated in the mangrove swamp south of Port Harcourt, Rivers State, the Awoba Unit spans OMLs 18 and 24, both managed by NNPC Upstream Investment Management Services (NUIMS).

NNPC Ltd. has recorded notable production achievements across its Joint Venture portfolio, significantly bolstering the nation’s overall production. Alongside the recent commencement of production at the Madu Field by NNPC Ltd./First E&P JV, the company successfully restarted production at OMLs 29 and OML 18 in late 2023, contributing an average of 60,000 barrels per day to the nation’s production output since their revival.

Commenting on the milestone, Mallam Mele Kyari, the Group Chief Executive Officer of NNPC Ltd., attributed the achievement to the supportive operating environment fostered by the administration of President Bola Ahmed Tinubu. Kyari expressed gratitude to all stakeholders, including staff, operators, host communities, government security agencies, and private security contractors, for their pivotal roles in attaining this feat.


Discover more from Naija247news

Subscribe to get the latest posts to your email.

Godwin Okafor
Godwin Okaforhttps://naija247news.com
Godwin Okafor is a veteran Financial Journalist, Internet Social Entrepreneur, and the visionary Founder of Naija247news Media Limited. With an extensive career spanning over 16 years in financial journalism, Godwin possesses a wealth of experience that seamlessly bridges both traditional and digital media landscapes. His journey in journalism commenced at Business Day, Nigeria, where he laid the foundation for his prolific career. In 2010, Godwin took a bold step by founding Naija247news Media, a platform that has since become a prominent player in delivering timely and accurate news. Educationally, Godwin Okafor holds a Bachelor's degree in Industrial Relations and Personnel Management from the prestigious Lagos State University, Ojo, Lagos. His commitment to continuous learning led him to the Lagos Business School, where he further honed his skills. Additionally, he is recognized as a Fellow of the University of Pennsylvania, having successfully completed the Wharton Seminar for Business Journalists. Throughout his illustrious career, Godwin has earned acclaim by winning numerous journalism awards, a testament to his dedication to excellence in reporting. Beyond his role as a Financial Journalist, Godwin Okafor wears the hat of the Chairman at Emmerich Resources Limited, the publishing entity behind Naija247news. His visionary leadership has played a pivotal role in shaping the media landscape and establishing Naija247news as a trusted source of information. Godwin Okafor's multifaceted expertise, commitment to journalistic integrity, and leadership in the realm of business journalism underscore his influential presence in both the media and entrepreneurial spheres.

Share post:

Subscribe

Popular

More like this
Related

House Of Reps Urge FG, Army To Re-open Banex Plaza

May 23, 2024. Azonuchechi Chukwu. The House of Representatives on Thursday...

Diesel Prices in Nigeria Surge by 68.01% Year-on-Year, Reaching N1,415.06 per Litre in April 2024

The National Bureau of Statistics (NBS) released its latest...

Kanayo O. Kanayo fumes over ‘money rituals’ ban in Nollywood

May 23, 2024. Azonuchechi Chukwu. Veteran Nollywood actor, Kanayo O. Kanayo...

U.S Backed Kenya-Haiti Deployment Faces Equipment Shortages As Criticism Mounts

Kenya-Haiti Deployment: A Bid to Avert Haiti's Impending...

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading