Key Highlights

• AMNI International Petroleum Development Company has commenced a three-well drilling campaign at its Okoro Field.
• The campaign aims to optimize production, enhance reservoir management, and increase peak production to over 12,000 barrels per day (b/d).
• AMNI's broader five-year Strategic Development Plan includes a forward asset development portfolio with an investment pipeline exceeding US$2.5 billion.
• This initiative reinforces confidence in Nigeria’s indigenous energy sector and the Federal Government's aspiration to increase national production to 3 million barrels per day.
• The drilling campaign is a tangible execution of AMNI's strategy, backed by over three decades of offshore operating experience.

The arrival of a drilling rig at the Okoro Field marks a significant operational milestone for AMNI International Petroleum Development Company, signaling a broader affirmation of the growing capability, capital strength, and ambition within Nigeria’s indigenous oil and gas sector. This three-well campaign at the Okoro Field, a core producing asset for AMNI, is designed to optimize production performance, enhance reservoir management, sustain base output, and ultimately increase peak production to over 12,000 barrels per day (b/d).

This drilling initiative is a key component of AMNI’s comprehensive five-year Strategic Development Plan. This plan prioritizes production optimization across existing fields, accelerated oil development, and expanded gas commercialization efforts. Beyond the Okoro Field, AMNI, in collaboration with its partners, manages a forward asset development portfolio representing an investment pipeline of over US$2.5 billion across various oil and gas projects, with an anticipated peak production exceeding 150,000 barrels of oil equivalent per day (boe/d).

This substantial capital commitment highlights AMNI's consistent focus on disciplined capital deployment within Nigeria's upstream sector. It also underscores Okoro's vital role in maintaining stable production while simultaneously facilitating the next phase of the company's portfolio expansion. AMNI’s operational approach is characterized by a long-term perspective, built on over three decades of offshore operating experience since its establishment in 1993. The company has been a pioneer in indigenous offshore exploration and production, developing strong technical capabilities, maintaining operational control of offshore infrastructure, and establishing a robust track record of responsible asset management.

Chief (Dr.) Tunde J Afolabi (MFR), Chairman/CEO of AMNI, has consistently emphasized that sustainable growth for indigenous operators must be rooted in operational excellence, prudent capital allocation, and the creation of long-term value. The mobilization of the rig to Okoro is presented as a tangible execution against this strategic vision, rather than mere symbolic expansion.

AMNI’s ongoing investment demonstrates its commitment to delivering value for its shareholders and partners. It also reflects a strong confidence in the asset’s long-term potential and the future of Nigeria’s upstream sector. Furthermore, this development reinforces AMNI’s contribution to the Federal Government of Nigeria’s objective of increasing national production towards 3 million barrels per day, with indigenous operators playing an increasingly crucial role in sustaining and expanding output.

The implications of AMNI's efforts extend beyond the company itself. Nigeria’s indigenous oil and gas industry has undergone significant evolution over the past two decades, transitioning from marginal field participation to full offshore development and operatorship. Indigenous companies are now instrumental in maintaining production levels, extending the lifespan of existing fields, and ensuring reinvestment within the domestic economy.

AMNI’s three-well campaign at Okoro serves as a clear demonstration that indigenous operators are not only capable of acquiring assets but also of managing complex offshore drilling programs, deploying significant capital, and executing multi-year development strategies that integrate both oil and gas growth. As Nigeria navigates a dynamic global energy landscape, the role of experienced local operators becomes ever more critical. Indigenous companies provide continuity, generate local employment, facilitate knowledge transfer, and foster long-term reinvestment in the domestic sector. The mobilization at Okoro is a powerful signal of resilience, confidence, and forward-thinking within Nigeria’s upstream industry.

Looking ahead, the Okoro campaign is part of a wider corporate trajectory that includes the advancement of the Tubu oil field and accelerated gas development initiatives. AMNI's long-term strategy aims for a more integrated oil and gas portfolio, thereby strengthening its contribution to national energy supply and positioning the company for sustained growth into the next decade. As final pre-spud preparations are completed offshore, the arrival of the rig at Okoro is both a practical operational step and a strategic statement, affirming AMNI’s commitment to disciplined development, reinforcing confidence in indigenous operatorship, and marking the commencement of another important chapter in Nigeria’s evolving energy story.