FIRST E&P and NNPC JV confirmed a major hydrocarbon discovery in the Songhai field, OML 85, offshore Bayelsa. The well, spudded on November 18, 2024, reached 8,883 feet and encountered hydrocarbons in eight reservoirs with over 1,000 feet of hydrocarbon-bearing sands.Preliminary analysis confirms significant oil and gas volumes in the Songhai field, highlighting its commercial potential.
Further evaluations will refine resource estimates and development plans.FIRST E&P’s Segun Owolabi called the discovery a key milestone, emphasizing its strategic importance. NNPC’s Seyi Omotowa said the find aligns with NNPC’s goal of boosting production and optimizing costs.The Songhai Field discovery highlights FIRST E&P and NNPC’s commitment to strategic partnerships, technology, and efficient operations to maximize Nigeria’s hydrocarbon potential.
NNPC CEO Mele Kyari emphasized the importance of collaboration in boosting offshore reserves and production, reaffirming NNPC’s commitment to efficiency and long-term value creation.In April 2023, the FIRST E&P-NNPC JV also began oil production from the Madu Field in OML 85, which holds significant oil, gas, and condensate resources.
The Madu field, 23km from Anyala, will produce 20,000 bpd, raising JV output to 60,000 bpd.FIRST E&P aims to contribute to energy security, while NNPC positions itself as a global energy player across the value chain.BP discovered gas offshore Egypt at El Fayoum-5, with 50m of gas reservoirs at 2,900m depth.Equinor’s ‘Mistral Sør’ find holds 19-44 million barrels of recoverable oil equivalent.
