Who we are
We are a Nigerian independent oil and gas company that was established in 2011 and commenced operations fully on the 1st of July 2012 with twelve (12) employees.
Our Story
From a start up to a relatively young oil-producing company, our focus was initially on the exploration side of the energy (oil and gas) industry, with asset acquisitions, exploration and appraisal of the acquired assets.
Our evolution to a relatively young, independent, oil-producing company occurred on the 21st of October 2020 -amidst the Covid-19 pandemic and with no lost-time incidence-, when we commenced oil production from the Anyala Field in OML 83, ramping up to 40,000 bopd (barrels of oil per day) production plateau in Q1 2021. This establishes our organisation as a fully-fledged exploration and production company operating in Nigeria.
Our progression into the commercial and revenue generation phase, commenced with our first vessel of crude oil exported on the 10th of January 2021. With our planned ambition and the inclusion of Madu field in OML 85 in the development, we expect to achieve a 60,000 bopd plateau production in our operation by 2022.
As an organisation, we are fully committed to our aspiration to be the leading Nigerian independent integrated execution vehicle, focused on developing and operating a portfolio of upstream oil and gas assets, with a shallow offshore focus, now and in the future.
Our Mission and Strategic Goal
Our mission at FIRST E&P is to be a deeply technical, commercial, and entrepreneurial organisation with full delivery capability across the entire upstream oil and gas value chain. We also have a clear strategic goal to establish ourselves as the most admired independent Exploration and Production (E&P) company contributing to the well-being of Nigerians.
With a management team that has a track record of commercialising and operating upstream oil and gas assets globally and in Nigeria and supported by an independent Board of Directors with strong business acumen and credible international profiles, our organisation is poised to deliver a material value of about 50,000 equity barrels of oil-equivalent per day (boe) within five years. And we are almost halfway there already. This is underpinned by our corporate governance which leverages transparency and sound business principles e.g., integrity which represent part of our company’s sustainable foundation.
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. . . our organisation is poised to deliver a material value of about 50,000 equity barrels of oil-equivalent per day (boe) within five years.
Our Expertise
As a company with a focus in the energy industry, our expertise includes and is not limited to:
- Value creation phase of commercial deal delivery
- Maturation of exploration and appraisal opportunities
- Field development
- Successful project executions leading to production of hydrocarbons
- Value monetisation phase of integrated operations and maintenance
- Hydrocarbon fiscalisation and
- Sales
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An integrated approach of our commercial objectives in alignment to our Environmental impact.
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The heart of our busines is defined by a set of five core values which solidify the foundation we run our business on.