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NNPC Ltd to boost Nigeria’s oil output by 12,000 bpd from revived Awoba Unit Field

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In a strategic move aimed at maximizing hydrocarbon assets and bolstering revenues to meet OPEC production quotas, the Nigerian National Petroleum Company Limited (NNPC Ltd) has joined forces with its Joint Venture partner, Newcross Exploration and Production Ltd, to recommence production from the Awoba Unit Field.

The Awoba field, previously inactive since 2021 due to evacuation challenges and crude oil theft, has witnessed a resurgence following the collaborative efforts of NNPC Ltd and its partner.

Since the restart on April 13, 2024, production has surged to an average of 8,000 barrels per day, with expectations to reach a plateau of 12,000 barrels per day within 30 days of full ramp-up.

Notably, the revival of the Awoba field is poised to significantly augment gas supply to the power sector and other gas-based industries.

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

This initiative underscores NNPC Ltd’s commitment to enhancing national production, evidenced by recent successes such as the commencement of production at the Madu Field by the NNPC Ltd/First E&P JV.

Mallam Mele Kyari, Group Chief Executive Officer of NNPC Ltd, attributes this achievement to the conducive operating environment fostered by the administration of President Bola Ahmed Tinubu.

Kyari extends gratitude to all stakeholders, including staff, operators, host communities, government security agencies, and private security contractors, whose collaboration was instrumental in realizing this milestone.

(Edited by Oludare Mayowa; omayowa@globalfinancialdigest.com; Newsroom: +234 8033 964 138)

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