Famfa Limited was incorporated in September 1991 and was awarded the leasehold rights to OPL 216 on the 10th of August 1993. In February 1996, the company’s name was changed to Famfa Oil Limited with the vision to be the leading indigenous oil & gas exploration and production company in Nigeria.
Famfa Oil Limited is currently one of the largest indigenous owned exporters of crude oil in Nigeria. Famfa Oil is committed to developing one of the deepest and largest offshore discoveries in the gulf. The Agbami field has been operating since 2008 and will be operating through till 2024 when the license will be due for renewal. Famfa Oil plans to acquire and develop other assets as it continues to contribute to the development of indigenous operators in the country.