Thursday August 18th, 2022 will be remembered as a momentous day in the history of the NNPC/FIRST E&P JV as at about 10:00am on that day, the JV successfully loaded-out our Madu Conductor Supported Platform (CSP) from the Nigerian Naval Dockyard in Victoria Island, Lagos.
The Madu CSP was fabricated in Nigeria by Dorman Long Engineering Ltd, building on design by a highly skilled team of FIRST E&P Engineers. The load out was a significant milestone and a rewarding culmination of work on the project which commenced about two years ago.
A critical component for the JV’s production efforts, the Madu CSP features the same unique, innovative design employed in our Anyala CSP, in which drilling conductors support the topside structure of the minimum facilities platform whilst also serving as a conduit for well construction. The platform was delivered to world class health, safety and environmental standards and will be mostly unmanned with production operations primarily automated.
The load-out ceremony was attended by senior executives and representatives from NAPIMS, FIRST E&P, Dorman Long Engineering Ltd, The Nigerian Navy, Standards Organization of Nigeria (SON), PETAN, other industry stakeholders and members of the press.
Remarking on the successful completion of the Madu CSP and it’s load-out, the Managing Director of FIRST E&P said, “The local fabrication of the Madu Conductor Supported Platform (CSP) by Dorman Long is a testament to NNPC/FIRST E&Ps OML 83/85 JV’s belief in and commitment to the development of Nigerian Content and local capabilities. About 250 Nigerians were involved in the delivery of various stages of the project with zero injuries recorded. Furthermore, by deploying environmentally friendly technology and standardized development concepts and leveraging in-country capability, FIRST E&P aims to keep its unit production cost below the Government’s / NNPC’s aspirational levels.”
In addition to the Anyala Field, OML 83 which continues to sustain over 40,000 barrels of oil per day, the Madu Field, OML 85 is expected to ramp up the NNPC/FIRST E&P JV’s production capacity of over 60,000 barrels of oil per day and further contribute to the generation of stable revenue for Nigeria.
As an organization, FIRST E&P is fully committed to its aspiration to be the leading Nigerian independent integrated execution vehicle, focused on developing and operating a viable portfolio of upstream oil and gas assets. Since its inception in 2012, FIRST E&P has built a robust portfolio of oil and gas assets: with 40% direct interest in OML 83 & 85 shallow water offshore Asset; 6.75% indirect interest in OML 71 &72 shallow water offshore Asset; and 4.5% indirect interest in OML 34 Onshore Asset.