Our Vision
Company Profile
Famfa Oil Limited is
an indigenous Nigerian oil and gas exploration and production company. The
Company was incorporated as Famfa Limited on 3rd September 1991 and the
name was changed to Famfa Oil Limited on 2nd February 1996. The Company
officially commenced operations on 1st January 1997 with the acquisition
of an Oil Prospecting Licence OPL 216 located in deepwater approximately
70 miles offshore Nigeria in the central Niger Delta
FAMFA is principally engaged in the full-cycle exploration, development
and production of petroleum resources in Nigeria. To facilitate these
activities the Company is in partnership with Star Deep Water Petroleum
Limited (a subsidiary of ChevronTexaco
Inc.) and Petroleo Brasileiro Nigeria Limited, a wholly owned
subsidiary of Braspetro.
FAMFA has drilled a total of five wells (Agbami 1,2,3 &4 and Ikija 1).
In January 2000, after drilling Agbami #2, it was confirmed that the
Agbami structure is a giant discovery with potential recoverable reserves
in excess of one billion oil equivalent barrels. The Agbami #2 well test
surpassed expectations and, together with other technical data, suggests
that the Agbami discovery likely ranks among the largest single finds to
date in deepwater West Africa
