Mkpoikana Udoma
Port Harcourt — The Nigerian National Petroleum Company Limited, NNPC Ltd. and Shoreline Natural Resources Ltd. have affirmed their commitment to accelerating crude oil production growth and strengthening collaboration in the OML 30 Joint Venture asset.
OML 30, acquired by Shoreline from SPDC in 2012, spans Delta State, holding significant reserves and plays a crucial role in Nigeria’s efforts to ramp up crude production to meet the 2.5 million barrels per day target set by the Federal Government.
The commitment was made during a meeting yesterday at the NNPC Towers in Abuja, when the Group Chief Executive Officer of NNPC Ltd., Engr. Bashir Bayo Ojulari, hosted key executives of the OML 30 JV including Shoreline Chairman, Mr. Kola Karim, and Ado Oseragbaje, CEO of Heritage Energy Operational Services Ltd., the asset operator.
Both parties commended the positive trajectory in production and service delivery improvements across the asset, one of Nigeria’s largest onshore oil and gas fields.
OML 30 is a Joint Venture between NNPC Exploration and Production Limited, NEPL, NNPC Ltd.’s wholly owned upstream subsidiary, and Shoreline Natural Resources Ltd.
The parties agreed to deepen strategic alignment to further optimize output, improve asset integrity, and strengthen community and stakeholder engagement in the Niger Delta.
“We are focused on performance, partnership, and long-term value creation. The progress so far shows what is possible when we collaborate effectively,” said Shoreline Chairman, Mr. Kola Karim.
