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AMNI Mobilises Rig at Okoro Field, Boosting Indigenous Oil Output

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AMNI

AMNI Okoro Field Rig mobilised for a three-well campaign, boosting indigenous oil production and reinforcing Nigeria’s upstream capabilities

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AMNI International Petroleum Development Company has mobilised a drilling rig to its Okoro Field, signalling the start of a three-well offshore development campaign and marking a significant operational milestone for the indigenous operator.

Also read: PMAN Leadership Crisis: Police Exonerate Pretty Okafor

The Okoro Field campaign aims to optimise production, enhance reservoir management, sustain base output, and increase peak production to over 12,000 barrels per day.

The initiative forms part of AMNI’s five-year Strategic Development Plan, which prioritises production optimisation, accelerated oil development, and expanded gas commercialisation.

AMNI’s investment underscores a commitment of over US$2.5 billion across oil and gas projects, with expected peak production exceeding 150,000 barrels of oil equivalent per day.

Chief Executive Officer Chief (Dr.) Tunde J. Afolabi highlighted that the campaign demonstrates disciplined capital deployment and operational execution grounded in over three decades of offshore experience.

“The mobilisation of the rig to Okoro represents tangible execution against strategy rather than symbolic expansion,” Dr. Afolabi said.

“Sustainable growth for indigenous operators must be grounded in operational excellence, prudent capital allocation, and long-term value creation.”

The campaign also reinforces AMNI’s contribution to Nigeria’s national production goals, including the Federal Government’s target of 3 million barrels per day, while highlighting the critical role of indigenous operators in sustaining production and extending field life.

Beyond Okoro, AMNI’s broader corporate strategy includes advancement of the Tubu oil field and accelerated gas development projects, reflecting a forward-looking approach to integrated oil and gas growth.

The Okoro campaign illustrates the capability of local operators to manage complex offshore drilling programmes, deploy substantial capital, and implement multi-year development strategies.

Also read: Petroleum Tankers Under Siege: Drivers Send SOS to Governor Sanwoolu Amid LASTMA Rampage

As final pre-spud preparations are completed offshore, the arrival of the rig stands as both a practical operational step and a strategic statement, signalling resilience, confidence, and long-term planning in Nigeria’s indigenous upstream sector.

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ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026

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New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.

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Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.

The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.

The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.

ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.

“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”

Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.

“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”

With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.

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Airtel Africa Repurchases Over 7.7 Million Shares in Ongoing Buyback Programme

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Airtel Africa has repurchased over 7.7 million shares since May as part of its ongoing buyback programme aimed at reducing outstanding share capital (more…)

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UBA Foundation Drives Environmental Awareness with Tree Planting in Lagos Schools for WED 2026

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UBA Foundation

UBA Foundation tree planting initiative marks World Environment Day 2026 with sustainability drive across Lagos schools to promote climate action

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