Nigeria's National Oil Company, NNPC Ltd, has marked a significant milestone by beginning crude production at Oil Mining Lease 13 (OML 13). This achievement is the result of a collaborative development efforts with its local partner, Natural Oilfield Services Ltd, in the Akwa Ibom State region within the Niger Delta.

Production began on May 6th, signaling a momentous occasion with an initial output of 6,000 barrels per day (b/d). Expectations are high as production is projected to increase to 40,000 b/d by the end of the month. Global Data forecast OML 13, known for its substantial reserves of crude oil to reach peak production within approximately five years and maintain economic viability until 2063.

Following the final investment decision (FID) in 2019, the operationalisation of this project highlights the Nigerian government's strategic objective to strengthen the country’s oil production capabilities to meet the increasing local energy demands. This initiative highlights Nigeria's commitment to enhancing its oil sector and promoting economic development.

The initiation of production at OML 13 represents a crucial advancement in Nigeria’s pursuit of utilising its abundant natural resources to encourage national development and ensure economic prosperity.