The former Vice President of Nigeria and PDP
Presidential flag bearer in the 2023 general elections, Atiku Abubakar has
congratulated the Chairman of the Nigerian Independent producer, Oriental
Energy Resources (OER), Muhammadu Indimi, on the successful completion and
commissioning of the Okwok Field’s Floating Production Storage and Offloading
(FPSO) vessel/platform in Dubai.
In a statement in Abuja by his Media Office in Abuja
on Wednesday, the Former Vice President described the commissioning of the FPSO
as one of the most gladdening news coming out from the upstream subsector of
Nigeria’s oil industry in recent times.
“The vessel’s deployment at the Okwok field is
expected to significantly increase Nigeria’s crude oil output, contributing to
the government’s revenue growth and economic development objectives,” he said.
According to Atiku, “This is the first FPSO entirely
funded by an indigenous Nigerian company and this landmark achievement being
championed by OER showcases the rising capability of Nigerian firms in
conceptualising and successfully executing complex projects in the nation’s
upstream oil industry.
The successful building and commissioning of the FPSO
marks a significant step toward enabling an indigenous oil and gas company to
independently develop a marginal oil field.
This development marks an important milestone for
Nigeria and its indigenous energy sector, he said.
“No doubt, this latest investment would boost economic
growth, generate job opportunities for Nigerians, and ensure steady growth and
development of not only the oil sector but the nation’s economy in general.”
He described Indimi as a man who so much believes in
the capabilities that exist in the Nigerian oil and gas industry.
“From onset of his foray into the nation’s oil sector,
his vision of standing out as a player of reckon in the nation’s upstream oil
business has been top-notch,” he said.
As he said, Oriental Energy’s significant investment
in the oil sector has set a new standard in local investment and operational
excellence in the nation’s oil business, benefiting both the company and its
partners.
The 40,000 barrels per day capacity facility
constructed by the Singaporean firm HBA Future Energy will commence sailing to
Nigerian waters beginning February 2025 for hook-up on the Okwok Oil Field.
Production is expected to commence on the oil field in the first half of next
year.
Okwok Oil Field, discovered by ExxonMobil in 1967, is
located in Oil Mining Lease(OML) 67, in 31 metres water depth in shallow
marine, southeast offshore Nigeria with estimated recoverable reserves of 45
million barrels. OER has an ongoing multi-well drilling campaign on the field
that commenced in October 2023.
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