Business
AMNI Mobilises Rig at Okoro Field, Boosting Indigenous Oil Output
AMNI Okoro Field Rig mobilised for a three-well campaign, boosting indigenous oil production and reinforcing Nigeria’s upstream capabilities
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.
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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.
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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.
President Bola Tinubu has reaffirmed the Federal Government’s commitment to rehabilitating and repositioning Nigeria’s dormant national refineries, declaring that the facilities will not be allowed to become stranded assets.
Tinubu was represented by the Permanent Secretary of the Ministry of Petroleum Resources, Mrs Patience Oyekunle, at the 20th OTL Africa Downstream Energy Week in Lagos on Monday.
The President said the government is adopting a more rigorous and commercially sustainable approach to the rehabilitation of the Port Harcourt, Warri and Kaduna refineries.
“At the same time, the government remains committed to ensuring that existing national refining assets are not allowed to become stranded investments,” the statement said.
“We are pursuing a more rigorous, commercially sustainable approach to the rehabilitation and repositioning of our refineries, supported by technical assessment, stronger partnerships, and improved operational discipline.”
The objective, according to the administration, is for Nigeria to refine more of its crude oil, create greater domestic value and become a reliable supplier of energy to Africa.
The national refineries, managed by the Nigerian National Petroleum Company Limited (NNPC), have remained largely inactive for years despite significant spending on turnaround maintenance. The NNPC has signed a memorandum of understanding with Chinese firms as part of ongoing efforts to revive the facilities.
Tinubu also noted the contribution of private refining capacity, particularly the Dangote Refinery, which has reached its 650,000 barrels-per-day nameplate capacity, in strengthening Nigeria’s prospects of becoming a net exporter of refined petroleum products.
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