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Nigeria's NNPC says first oil flowing from Anyala offshore field

Published 12/11/2020, 16:43
Updated 12/11/2020, 16:48
© Reuters.

ABUJA, Nov 12 (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.
" We 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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