The management of Emadeb Energy and Oriental Energy paid a courtesy visit to Akwa Ibom State Governor Umo Eno at the Government House in Uyo, following significant milestones at their marginal oil fields offshore the state.
The visit was disclosed in a press statement issued on the governor’s office on Thursday.
The Oriental Energy delegation was led by its chairman, Alhaji Mohammed Indimi (OFR), while Emadeb’s team was headed by its chief executive, Adebowale Olujimi. Both companies recently achieved key milestones at their respective offshore fields that have attracted international attention.
In October, Emadeb commenced commercial crude oil production at the Ibom Field after years of engineering work and a $100m investment. The company said phase one of the development is currently producing 2,300 b/d, with plans to increase output to 4,000 barrels through subsequent phases.
“Emadeb’s plan is to be able to run from the minimal production level where we are now to become a 50,000 barrels per day production company within the next five years,” Olujimi said.
Emadeb won the Ibom Field during the 2020 Marginal Field Bid Round and is among the few marginal assets to reach first oil within four years of award. The field, first discovered in 1979, is estimated to hold 103 million barrels of oil equivalent in place.
Just days earlier, Oriental Energy celebrated the sail-away of its new Floating Production Storage and Offloading (FPSO) vessel from Dubai.
The event was attended by Governor Umo Eno, alongside key Nigerian officials including Gbenga Komolafe, chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC); Adamawa State Governor Ahmadu Umaru Fintiri; Oriental Energy chairman Muhammadu Indimi; and Minister of State for Petroleum Resources (Oil) Heineken Lokpobiri.
The FPSO EMEM, currently en route to Nigeria, will be deployed to Oriental Energy’s Okwok Field (PML 15), located about 55 km offshore from Mbo in Akwa Ibom State.
Governor Eno used the visit to commend both companies for their investments and pledged continued collaboration.
“I assured them of our readiness to deepen partnerships that support development under the ARISE Agenda, expand opportunities for employing and training Akwa Ibom indigenes, and explore areas of collaboration around the Ibom Deep Sea Port,” Eno said.
“We will continue to provide a safe, stable, and investment-friendly environment for partners committed to the progress of our dear State.”