Nigerian Independent FIRST E&P Targets Massive Production Boost by 2030
Nigerian independent energy company FIRST Exploration and Petroleum Development Company Limited has unveiled ambitious plans to dramatically increase its oil production to 250,000 barrels per day by 2030. The Ademola Adeyemi-Bero-owned company is simultaneously developing a comprehensive midstream gas business, targeting 1 billion standard cubic feet per day of gas processing and supply capacity by the decade’s end.
General Manager of Exploration and Development Segun Owalabi highlighted the company’s track record of successful project execution, particularly pointing to the flagship Anyala and Madu fields in the Niger Delta. These projects achieved first oil within just two years of Final Investment Decision, demonstrating the company’s operational efficiency and rapid development capabilities.
“We have consistently delivered transformational milestones, driving growth through safety, speed, efficiency and responsibility,” Owalabi stated, emphasizing the company’s commitment to responsible energy development while maintaining aggressive growth targets.
Source: thisdaylive.com
