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Nigeria Oil Moves

Anyala and Madu oil fields offshore Nigeria have moved toward development with an agreement for financial and technical assistance from Schlumberger Ltd.

A joint venture of Nigerian National Petroleum Corp. and First Exploration & Petroleum Development Co. Ltd. signed an agreement with Schlumberger envisioning combined production of 50,000 b/d of oil and 120 MMscfd of natural gas starting in 2019.

The fields are in 35-55 m of water 40 km offshore in the Niger Delta. Anyala is on oil mining license 83, and Madu is on OML 85.

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