The NNPC E&P Ltd. is an NNPC Ltd’s flagship upstream subsidiary, while NOSL is a subsidiary of Sterling Oil Exploration & Energy Production Company Ltd (SEEPCO). Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd., made this known in a statement on Sunday. Soneye said the production, which commenced on May 6 with 6,000 barrels of oil would ramp up to 40,000 barrels per day by May 27, 2024. “The first oil flow from OML 13 is a historic milestone in the partnership between NNPC E&P Ltd and NOSL. Furthermore, for Nigeria, the first oil from OML 13 holds some significance as it contributes to the country’s efforts to increase its oil production capacity, which is crucial for meeting domestic energy needs and driving economic growth.

Source: The Guardian May 13, 2024 09:18 UTC