AMNI International Petroleum Development Company says the arrival of a drilling rig at Okoro Field reinforces confidence in Nigeria’s indigenous oil and gas industry.
Its Chairman and Chief Executive, Dr Tunde Afolabi, in a statement issued on Sunday in Lagos, said that the mobilisation remained “a defining operational milestone for the company”.
He also said the campaign “reflects the growing technical capability, capital strength and ambition of Nigeria’s indigenous operators”.
Afolabi explained that Okoro Field, a core producing asset, is undergoing development to optimise output and enhance reservoir management.
“The objective is to sustain our base production and increase peak output to over 12,000 barrels per day,” he said.
According to him, the three-well campaign forms part of AMNI’s five-year Strategic Development Plan.
“Our strategy prioritises production optimisation, accelerated oil development and expanded gas commercialisation across our portfolio,” Afolabi stated.
He disclosed that beyond Okoro, AMNI and its partners maintain a forward asset development pipeline exceeding 2.5 billion dollars.
“That portfolio represents a significant long-term investment, with expected peak production above 150,000 barrels of oil equivalent per day,” he said.
Afolabi noted that the capital commitment demonstrates disciplined deployment within Nigeria’s upstream sector.
“This is not symbolic expansion; it is tangible execution against a clearly defined long-term strategy,” he added.
He stressed that sustainable growth for indigenous operators must be grounded in sound fundamentals.
“Operational excellence, prudent capital allocation and long-term value creation remain the pillars of our growth model,” Afolabi said.
He added that AMNI’s continued investment aligns with the Federal Government’s aspiration to raise national production towards three million barrels per day.
“Indigenous companies are now central to sustaining output, extending field life and ensuring reinvestment within the domestic economy,” he stated.
Looking ahead, Afolabi said the company would advance the Tubu oil field and accelerate gas development initiatives.
“The mobilisation at Okoro signals resilience, confidence and our enduring commitment to Nigeria’s upstream future,” he said.
