FIRST E&P: Introducing Our Inaugural 2024 Sustainability Report
FIRST Exploration & Petroleum Development Company Limited (FIRST E&P) is pleased to release its inaugural 2024 Sustainability Report, marking a major milestone the company’s journey toward responsible, resilient energy leadership.
The report highlights a 96% reduction in routine gas flaring at the company’s Anyala and Madu fields one of the most significant environmental performance improvements by any Nigerian oil producer. It also records an 15% year-on-year increase in crude oil production to 47.76 Kilo Barrels of Oil Per Day, demonstrating that operational growth and environmental responsibility can go hand-in-hand.
Net-Zero Strategy: Bold Targets for a Sustainable Future
FIRST E&P has committed to an ambitious Net-Zero Emissions Strategy, targeting carbon neutrality for Scope 1 and 2 emissions by 2045, and Scope 3 by 2060. Aligned with Nigeria’s Energy Transition Plan and the Paris Agreement, the strategy uses 2021 as its emissions baseline and aims for Low-Carbon status by 2030. It is underpinned by internationally recognised methodologies from the IPCC and the GHG Protocol and includes structured risk assessment and scenario analysis aligned with the TCFD framework.
“This report reflects our active oversight of the company’s strategic direction, ESG priorities, and the systems in place to deliver long-term value for our stakeholders and the environment.” said Odein Ajumogobia, Chairman, FIRST E&P.
“We are proud to play a leading role in strengthening Nigeria’s energy security while advancing sustainable development.” commented Ademola Adeyemi-Bero, Managing Director, FIRST E&P.
Delivering Real Environmental Impact
The near elimination of routine gas flaring was achieved through the NNPC Ltd/FIRST E&P Joint Venture, highlighting the power of strategic partnerships in tackling complex environmental challenges.
In addition to this milestone, FIRST E&P:
- Achieved 8.59 million Lost Time Injury-free man-hours
- Launched a comprehensive Carbon Footprint Management Plan
- Formed a reforestation and carbon sequestration partnership with the Nigerian Conservation Foundation focused on Nigeria’s coastal communities
Transforming Communities Through Strategic Investment
Beyond compliance, FIRST E&P's commitment to social impact is anchored in long-term partnerships with host communities. With zero community disruption since the start of operations in 2012 and statutory contributions to the it’s Host Communities Development Trust Fund, the company continues to invest in health, education, and economic empowerment to build thriving communities.
Healthcare: Expanding Access and Saving Lives
Underserved communities. Key highlights include:
- $1.5 million grant to the Healthy Heart Foundation for life-saving surgeries via First Cardiology Consultants
- Access to clean water for over 15,000 residents through four major infrastructure projects
Education: Equipping the Next Generation
The company is committed to building human capital and improving learning outcomes in its host communities:
- 40 scholarships awarded
- 72 teachers employed
- 200 EdTech devices distributed
- 8 schools upgraded through the IDP Education Support Project
Economic Empowerment: Driving Local Participation
FIRST E&P prioritizes local content development and economic inclusion in its operations. Impact to date includes:
- Over $700 million spent on Nigerian contractors
- 40% of offshore AGO now sourced from local host community vendors
- 50 youth employment opportunities created across host communities
Setting the Standard for African Energy Development
Since commencing oil production in October 2020 during the COVID-19 pandemic with zero lost-time incidents, FIRST E&P has consistently demonstrated operational excellence under challenging conditions.
This inaugural report signals FIRST E&P’s evolution from ambitious startup to sustainability-driven industry leader, proving that African energy companies can compete globally, lead responsibly, and shape the continent’s future.