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
The Niger Delta Petroleum System: Niger Delta Province, Nigeria, Cameroon, and Equatorial Guinea, Africa
by
Michele L. W. Tuttle¹, Ronald R. Charpentier¹, and Michael E. Brownfield¹
