Our Performance
As a relatively young Oil and Gas company founded in 2012, our performance is a testament to the technical acumen, commercial prowess, and operational excellence or the team at FIRST E&P and our leadership.
Corporate Highlights
860
B
Cubic Feet Gas Reserves OML 83 & OML 85
(Dec. 2023)
(Dec. 2023)
270
M
270M Barrels Oil Reserves OML 83 & OML 85
(Dec. 2023)
(Dec. 2023)
57
K
Bopd from
Anyala & Madu
Anyala & Madu
41
MM
Bbl Crude Oil
Production (2020-2023)
Production (2020-2023)
8
M+
Man-Hours
LTI Free Operations
LTI Free Operations
1.37
Debt-to-Equity Ratio (2023)
150
+
Permanent Headcount
30
%
EBITDA
Growth (CAGR)
Growth (CAGR)
39
%
PAT
Growth (CAGR)
Growth (CAGR)
Achievements & Impact
Reserves in OML 83 and 85 tripled from 2015 to 2023
FIRST Oil in Anyala (OML 83) on 21st October 2020
First Oil in Madu (OML 85) on 17th April 2024
FIRST E&P Drilling Campaign Achieves Top Quartile Performance in Nigeria Shallow Offshore (Rushmore)
Free healthcare and checks in 2 Health Outreach Programs in Bayelsa communities
Humanitarian aid and relief materials provided to displaced people following the 2022 Bayelsa floods
Potable drinking water delivered in 4 rural communities in Bayelsa
Indigent youths trained in employability skills
Trained and employed teachers to improve education in our host communities
2024: National Award for Outstanding Commitment to Nigerian Workforce Human Capacity Development - Oil & Gas Trainers Association of Nigeria (OGTAN)
2023: Independent or Indigenous Upstream Operating Company with the most impactful local content development initiatives executed in Nigeria Award - NOGOF
2023: Best Independent Petroleum Producer Award
- Nigeria Independent Energy Summit (NIES 2023)
- Nigeria Independent Energy Summit (NIES 2023)