The Nigerian National Petroleum Company (NNPC) and Aiteo have just launched a new type of crude oil called Nembe. This cool announcement was made at the Argus European crude conference in London. The Nembe crude oil is produced from OML 29 in Nigeria and it’s operated by Aiteo E&P. It used to be mixed with Bonny Light grade and exported, but now it’s got its own spotlight. The Nembe crude oil has an API of 29, low sulphur content, and a low carbon footprint because they’ve eliminated flare gas. This makes it a hit with buyers in Europe. And guess what? Nigeria now has a new crude oil terminal called the Nembe Crude Oil Export Terminal (NCOET). It’s a Floating Storage and Offloading Vessel (FSO) with a huge storage capacity and the ability to offload crude oil to any export tanker. This means it can export over 3.6 million barrels of crude oil every month! How cool is that? This is a big deal because it solves the evacuation challenges that were holding back production from OML 29. And you know what’s even cooler? Two cargoes of the Nembe crude oil have already been exported to France and the Netherlands. This new grade of crude oil is so awesome that it commands a premium to the global Brent benchmark. With the NNPC-AITEO OML 29 JV back onstream, Nigeria now has an additional crude oil export of 2 cargoes per month and 1.2 Bcf of export gas monthly. And there’s more good news – a planned subsea pipeline will soon ramp up production of the Nembe crude to 3.6 million barrels monthly. How exciting is that? This achievement shows what can happen when everyone works together to overcome challenges. It’s a great example of what can be achieved with the right combination of critical thinking and open communication between stakeholders. So, let’s give a big round of applause to NNPC and Aiteo for this awesome development!