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16 Nov 2020

Nigeria's NNPC Says First Oil Flowing from Anyala Offshore Field

16 Nov 2020  by Reuters   

Nigerian state oil company NNPC and First E&P have begun oil production at the Anyala oilfield, NNPC announced on Thursday.

The shallow offshore field is in Oil Mining Leases 83 and 85 and will have peak production of 60,000 barrels per day, NNPC said.

Production will feed into the Abigail-Joseph FPSO, which connected to the field on Oct. 21.

Nigeria's oil production is limited by a supply-cut pact with the Organization of the Petroleum Exporting Countries (OPEC) and other producer nations such as Russia. Low oil prices brought on by coronavirus containment measures has also cut oil company budgets, limiting new exploration.

" will continue to work with partners to deliver low-cost barrels in spite of the current market dynamics occasioned by the COVID-19 pandemic," NNPC chief Mele Kyari said.

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