Nigeria is set to welcome its first wholly-indigenous Floating Production, Storage, and Offloading (FPSO) vessel, Emem, by December 2025, according to Business & Transport. Business and Transport
The FPSO, owned by Nigerian oil company Oriental Energy Resources (OER), was purchased for $315 million and aims to produce 30,000 barrels of oil per day (bpd) at the Okwok field. Business and Transport
Emem has been converted at the Drydocks World shipyard in Dubai—its completion was originally scheduled for February but has been delayed by about eight months. Business and Transport The vessel is expected to be stationed offshore in southeast Nigeria to help boost production in that block. Business and Transport
The FPSO is designed to process up to 40,000 bpd and has one million-barrel storage capacity, though it will start operations using production from five wells, with plans for up to 15 wells in total. Business and Transport Okwok field is estimated to hold 45 million barrels of recoverable oil. Business and Transport
Industry experts say the development “reveals growing capacity by local producers to deliver complex offshore development in a market dominated by global oil majors.” Business and Transport
The launch comes as part of Nigeria’s broader effort to scale up its oil output. In October 2024, the government introduced a “Project One Million Barrels” initiative. At a recent review, Minister Heineken Lokpobiri said that active drilling rigs in Nigeria rose from 31 in January to 50 by July and that daily crude oil output has increased to around 1.83 million bpd. Business and Transport
Furthermore, Business & Transport notes that Nigeria recently commissioned its first fully Nigerian-owned Floating Storage and Offloading (FSO) vessel, named Cawthorne, which has a capacity of 2.2 million barrels and will serve the oil infrastructure in the Eastern Niger Delta. Business and Transport
Source: Business & Transport, November 15, 2025 Business and Transport