FIRST E&P Targets Significant Oil and Gas Production Growth by 2030

FIRST Exploration Petroleum Development Company Limited aims to increase oil production to 250,000 barrels per day and gas production to 1 billion standard cubic feet per day by 2030. The company is also focusing on developing a midstream gas business.

At the Angola Oil & Gas 2025 session in Luanda, the General Manager highlighted the successful execution of projects like the Anyala Madu field in the Niger Delta, which achieved first oil within two years of the Final Investment Decision. The company's strategy is centered on unlocking value through shallow water exploration and development in Nigeria.