Nembe Exploration & Production Company Limited (Nembe E&P), an indigenous operator of the Oil Mining Lease 29 (OML 29), has set a production growth target of 200,000 barrels per day (bpd) and 250 million standard cubic feet per day mmscf/d of gas in 2025.
Group Head, Media Operations, Strategic Communications and Events at Nembe Exploration and Production Company Limited, Mr. Matthew Ndiana-Abasi disclosed this in a statement on Wednesday
Quoting the Group Managing Director of Nembe E&P, formerly Aiteo Eastern E&P Company Limited, Mr. Victor Okoronkwo, he said that the gas processing facility billed for commissioning by the third quarter of 2025 is to “de-bottleneck” evacuation and gas monetization.
According to the statement, Okoronkwo spoke on the sidelines of the ongoing 24th edition of the Nigerian Oil and Gas Energy Week.
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Okoronkwo stated at the event that OML 29 has transformed into a resilient, Integrated energy company grounded in indigenous excellence, performance discipline, and climate-aware infrastructure planning.
He explained that the 17 new wells, 25 work-overs, LNG processing and export-ready infrastructure, and the 97km Nembe Creek Trunk Line and new pipelines are aimed at unlocking stranded volumes of gas.
“Our development strategy is not just about scale, it is about sustainability, sovereignty, and smart execution.
“Indigenous path to 200,000 bpd and gas supremacy is from asset revitalization to infrastructure renewal. Nembe Exploration & Production is repositioning as a gas-first upstream powerhouse without external fanfare.
“The ambition is enabled by a cluster-based development model, a new central processing facility, and optimized pipeline and flare-out solutions,” Okoronkwo further stated.