Famfa Oil Limited is an indigenous oil and gas exploration and production company that has a 60% participating interest in block OML 127 along with its partners Chevron 32% and Petrobras 8%. Agbami is a unitized field that straddles onto block OML 128, in which Famfa oil is developing with their other partners NNPC and Statoil.

Famfa Oil ltd is currently one of the largest indigenous Nigerian owned exporters of crude oil in Nigeria. Famfa Oil is committed to developing one of the deepest and largest offshsore discoveries in the gulf. The Agbami field has been operating since 2008 and will be operating through till 2024 when the majority of its vast reserves would have been extracted.

Famfa Oil is open to invest and explore other oil and gas opportunities and joint ventures in Nigeria, Africa and the rest of the globe. Discussions are continuously ongoing with various organisations to expand its assets and capabilities.