Nembe E&P sets 200,000bpd, 250m gas production vision in Nigeria’s upstream sector

By Obiabin Onukwugha
Nembe Exploration & Production Company Ltd. (Nembe E&P), operator of Sub-Saharan Africa’s largest onshore oil asset OML 29, has unveiled an ambitious growth strategy, targeting a production ramp-up to 200,000 barrels per day and 250 million standard cubic feet per day of gas.
Nembe E&P controls the 97km Nembe Creek Trunk Line (NCTL), which serves as an industry-wide evacuation pipeline for produced fluids from flow stations in Bayelsa to the Bonny Terminal in the Eastern Delta region of Nigeria.
From its acquisition of OML 29, the company has overseen an outstanding production growth, with output increasing from 25kbpd to about 90kbpd in a little over a year.
The Company has also been instrumental to the growth of the local sector by constantly ensuring availability of premium-grade refined products nationwide to meet the energy requirements of Nigeria’s growing population.
Group Managing Director, Victor Okoronkwo, affirmed Nembe E&Ps transformation into a resilient, integrated
energy company grounded in indigenous excellence, performance discipline, and climate-aware infrastructure planning.
Speaking at the Nigeria Oil & Gas Week 2025, which held recently, Okoronkwo said the company is scaling workovers, deploying 17 new wells, and operationalizing its CPF by Q3 2025, while implementing a comprehensive gas monetization and ESG compliance program in line with Nigeria’s Net Zero targets.
The Group Managing Director said key targets by the company included; 1.7B barrels and 2.9 Tcf of remaining reserves; CPF commissioning by Q3 2025 to debottleneck evacuation; 17 new wells, 25 workovers, LNG processing and export-ready infrastructure; 97km Nembe Creek Trunk Line and new pipelines to unlock stranded volumes; and full decarbonization roadmap aligned with Net Zero 2060 and UPDT mandates.
“Our development strategy is not just about scale, it’s about sustainability, sovereignty, and smart execution.
“We are building Africa’s next great energy company, decarbonized, de-risked, and indigenously led. Our targets are bold, but so is our belief in Nigeria’s future,” Okoronkwo stated.
As global capital increasingly favours cleaner molecules, Nembe’s strategy could serve as a regional blueprint for low-carbon, high-impact growth.