ABUJA, April 19 (Reuters) - Nigeria's NNPC Ltd and its
local joint venture partner, First E&P, have commenced
production at OML 85 and achieved 20,000 barrels per day (bps)
output, the state-oil firm said in a statement on Friday.
OML 85 was one of two blocks sold to First Exploration and
Petroleum Development Company Limited (First E&P) in 2015 by
Chevron ( CVX ).
That and OML 83 are located between 30 to 40 km offshore in
the central Niger Delta, where water depths range from 15 to 50
metres. OML 83 contains the Anyala field and OML 85 contains the
Madu field.
Nigeria is trying to boost oil production, especially from
fields which oil majors sold to local firms, in a bid to exit
onshore drilling in the Niger Delta, a region rife with oil
theft, pipeline vandalism and host community problems including
spills.
NNPC's chief executive, Mele Kyari, said the commencement of
oil production at the Madu Field will contribute to the goal of
meeting the production required to drive revenue growth and
boost the economy.
In November, Nigeria was pumping close to its 2024 OPEC
quota of 1.38 million bpd but less than a 2024 level of 1.58
million bpd being considered for it subject to independent
assessments.
But its production declined in March, with exports falling
more sharply according to some ship trackers as the Dangote
refinery took in more cargoes.
NNPC said the final investment decision on the development
of the Madu Field and a sister field, Anyala, was taken by the
First E&P joint venture in 2018.
Crude production from the Madu Field will be processed at
the joint venture's Abigail-Joseph Floating Production Storage
and Offloading (FPSO) Unit, which has a crude oil storage
capacity of up to 800,000 bbls.
(Writing by Chijioke Ohuocha; editing by Andrew Heavens)