Nigerian National Petroleum Company Limited , NNPCL and FIRST Exploration and Petroleum Development Company Limited, FIRST E&P Joint Venture ,JV, have confirmed a significant hydrocarbon discovery in the Songhai Field, located in OML 85.
The well was spudded on November 18, 2024, as part of efforts to increase and sustain the JV’s oil production over the next five years. It was successfully drilled to a total depth of 8,883 feet Measured Depth ,MD, in 30 meters of water.
The Well encountered hydrocarbons across eight reservoirs, logging over 1,000 feet of hydrocarbon-bearing sands, most of which exhibit excellent reservoir properties.
Preliminary analysis indicates substantial oil and gas volumes, reinforcing the field’s commercial potential. Further evaluations, including formation testing and well data integration, will be conducted to refine resource estimates and optimise field development plans.
Speaking on the discovery, General Manager, Exploration and Development at FIRST E&P, Segun Owolabi, described it as a major milestone in the JV’s efforts to maximise the potential of its assets.
NNPC-NIPCo “ll Supply 80mmscf/d Gas To Ssonic Petroleum For LNG Plant
Managing Director, NNPC Gas Marketing Limited, NGML, Justin Ezeala and CEO of Ssonic Petroleum Ltd, Ifeoma Douglas, have signed an 80mscf Gas Supply Agreement for both companies for the proposed LNG Plant in Lekki Free Trade Zone, Lagos.
The NNPC Gas Marketing Ltd, NGML, a subsidiary of the NNPC Ltd, and its Unincorporated Joint Venture partner, NIPCO Gas Ltd, have executed a Gas Sale and Purchase Agreement, GSPA, with Ssonic Petroleum Ltd to supply natural gas to the company’s proposed Liquefied Natural Gas, LNG, plant in Lekki Free Trade Zone, Lagos State.
Under the terms of the agreement which was executed on Thursday, March 6, 2025, the NGML-NIPCO UJV will supply 80million standard cubic feet (mmscf) per day of natural gas to the Ssonic Petroleum LNG plant for a period of 20 years.
The gas supply agreement is part of efforts by the NNPCL to boost domestic gas utilisation for the nation’s industrial and economic growth and promote the use of gas as a cleaner, cheaper and more environmentally friendly fuel in keeping with the goal of reducing global warming.
