Nembe Exploration and Production Company Limited (Nembe E&P), the operator of OML 29, the largest onshore block in Sub-Saharan Africa, has unveiled an ambitious plan to ramp up crude oil production to 200,000 barrels per day and 250 million standard cubic feet per day of gas. This move is part of the company’s strategy to become a major independent gas producer in Nigeria.
In a remarkable display of growth, Nembe E&P has increased its crude oil production from 25,000 barrels per day to 90,000 barrels per day in just over a year. This achievement is a testament to the company’s commitment to operational excellence and its ability to drive growth in the oil and gas sector.
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With its operations on OML 29, Nembe E&P is poised to play a significant role in Nigeria’s energy landscape. The company’s growth strategy is aligned with the country’s energy needs, and its commitment to gas monetisation and ESG compliance is expected to contribute to Nigeria’s economic development.
Nembe E&P’s ambitious targets for crude oil and gas production are a reflection of the company’s confidence in its growth strategy and its commitment to delivering value to its stakeholders. As the company continues to drive growth and innovation in the oil and gas sector, it is well-positioned to become a major player in Nigeria’s energy industry.
