In a major realisation of its production and cost optimisation objectives, the Nigerian National Petroleum Company (NNPC), along with joint venture partner First Exploration & Petroleum Development Company (First E&P), has announced a significant hydrocarbon discovery in the Songhai field, located in OML 85 in the shallow offshore region of Bayelsa.
Spudded as part of efforts to increase and sustain the joint venture's oil production over the next five years, the well was drilled to a total depth of 8,883 feet measured depth (MD) in 30 metres of water. It encountered hydrocarbons across eight reservoirs, logging over 1,000 feet of hydrocarbon-bearing sands, most of which reveals promising reservoir properties. There has been an indication of substantial oil and gas volumes for commercial exploration. The derived well data will now be integrated for thorough research and analysis to calculate resource estimates and optimise field development plans.
"This discovery marks a major milestone in our efforts to unlock the full potential of our assets. The success at Songhai Field underscores the effectiveness of our exploration strategy and our commitment to delivering sustainable value to all stakeholders," said Segun Owolabi, General Manager, Exploration and Development at FIRST E&P.
"This aligns with NNPC Limited’s mandate to drive production growth and cost optimization. The success at Songhai Field reflects our commitment to strategic partnerships, advanced technology, and efficient operations to maximize Nigeria’s hydrocarbon potential sustainably," said Seyi Omotowa, Chief Upstream Investment Officer of NUIMS. "The discovery also highlights the role of strategic collaboration in expanding Nigeria’s hydrocarbon reserves," he added.
"This discovery reaffirms the potential of Nigeria’s offshore assets and the importance of collaboration in boosting reserves and production. NNPC Limited remains committed to driving efficiency and long-term value creation for the nation," said NNPC’s Group Chief Executive Officer, Mallam Mele Kyari.
