AMNI Begins Okoro Field Drilling Campaign

AMNI International Petroleum Development Company has commenced a three-well drilling campaign at its Nigeria===Okoro Field, a core producing asset. This initiative is part of AMNI International Petroleum Development Company's five-year Strategic Development Plan, aiming to optimize production performance, enhance reservoir management, and increase peak production to over 12,000 b/d. The company also maintains a forward asset development portfolio representing an investment pipeline of over US$2.5 billion across oil and gas projects, with expected peak production exceeding 150,000 boe/d. This capital commitment underscores AMNI International Petroleum Development Company's focus on disciplined capital deployment within Nigeria's upstream sector and reinforces the Nigeria===Okoro Field's role in sustaining stable production. The Chairman/CEO, Tunde J. Afolabi, emphasizes sustainable growth through operational excellence and prudent capital allocation. This investment also supports the Federal Government of Nigeria's aspiration to increase national production toward 3 million barrels per day, with indigenous operators playing an increasingly central role.