Our  Managment Team

Our management team is made of highly motivated individuals with the primary aim of steering the company towards its desired outcome.

Our Company


FIRST Exploration & Petroleum Development Company Limited (FIRST E&P) is a Nigerian oil and gas company that was established in 2011. It started formal business operations on the 1st of July, 2012. The company’s mission is to be a deeply technical, commercial and entrepreneurial organisation, with full delivery capability across the entire upstream oil and gas value chain. Our areas of expertise include the value creation phase of commercial deal delivery, maturation of exploration and appraisal opportunities, from field development, project execution and realising first production, on to the value monetisation phase of integrated operations and maintenance, hydrocarbon fiscalisation, and sales. Corporate governance and sound business principles represent part of our company's sustainable foundation. 


FIRST E&P aspires to be the leading Nigerian indigenous integrated execution vehicle, focused on developing and operating a portfolio of upstream oil and gas assets. With a management team that has a track record of commercializing and operating upstream oil and gas assets globally and in Nigeria, and supported by a Board of Directors with sound business knowledge and credible international profile, the company is poised to deliver material value of about 25,000 barrels of oil-equivalent per day within five years. Our delivery model will either be in sole operations, or within complementary partnerships that strengthen our execution capability. FIRST E&P recently executed agreements with IES to pursue asset opportunities within a defined terrain in Nigeria, and our equity participation in the ND Western consortium to mature value in OML34, are examples of collaborative and mutually beneficial relationships.


Our balanced upstream portfolio includes assets that shall generate sufficient cash-flow and financial stability for a start-up E&P company and this is anchored on the acquisition of (i) 10% of ND Western’s 45% working interest in OML 34 (a producing asset divested by the SPDC JV in 2012), (ii) 40% working interest of OML 83 and OML 85 (assets divested by Chevron in 2015) and (iii) 15% of West African Exploration and Production Company Limited’s 45% working interest in OML 71 and OML 72 (assets divested by the SPDC JV in 2015)), as well as a mix of development and appraisal asset opportunities where FIRST E&P can materially add value, and unlock upside potential. The portfolio will include niche portfolio of exploration plays that can offer significant appraisal and development opportunities that fill our maturation funnel in the years ahead. FIRST E&P also has a 10% interest in a joint venture with Dangote Industries Limited to build the East West Offshore Gas Gathering System pipeline.



Governance

FIRST E&P believes that effective governance is at the core of the company’s ability to operate successfully in Nigeria and in the global business environment.

Our  People

FIRST E&P strives to be a technically and commercially focused professional company.

Our  Board Members

FIRST E&P strives to be a technically and commercially focused professional company.

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