NPDC inches closer to 200,000 barrels daily production

NPDC operations01 January 2014, Lagos – The Nigerian Petroleum Development Company (NPDC) achieved nearly 200,000 barrels per oil equivalent per day (bopd) as at end 2013, barely after three years it signed a strategic alliance agreement (SAA) on Oil Mining Leases (OMLs) 4, 38 and 41 with Septa Energy, a subsidiary of Seven Energy International. The objective of the agreement was to achieve a production target of 250,000 barrels per day by 2015.

The operating arm of the Nigerian National Petroleum Corporation (NNPC) delivered gross production of 191,025bopd in mid-December 2013.

Africa Oil & Gas reported that the figure was higher than the November 2013 production which averaged 173,000 bopd.

The increase of 18,000bopd, according to the report, came from one field, Kokori field in Oil Mining Lease (OML) 30, which increased production from 26,000bopd to 44,000bopd during the period.

With the recent divestments by some International Oil Companies (IOCs), the NPDC is the operator in seven out of the 10 producing oil fields, where it holds equity.

The 10 producing fields are onshore in the western Niger Delta and south eastern offshore parts of the Niger Delta.

NPDC’s overall net production averaged 130,319bopd during this period. The company’s gross production of gas averaged 598 million cubic feet of gas per day (mmscf/d) during the period but 123mmscf/d was flared.

However, the company did not record gas flares in fields divested by Shell as the 123mmscf/d of gas flared during the year came from the Oredo and Okono fields, which the NPDC had been operating before Shell relinquished some blocks.

The data from Africa+ Oil Report shows that the biggest crude oil production in NPDC portfolio come from Okono, which delivered 45,704bopd and Kokori field, in OML 30, which produced 44,853bopd in the same period.

NPDC’s biggest gas field is Utorogu, in OML 34, which produced 315mmscf/d of gas delivered to the Escravos Lagos Pipeline System.

From 2011, the NPDC set a strategic objective of achieving an equity production of 250,000 barrels of oil equivalent per day (boepd) by 2015 and milestone targets of 120,000 boepd in 2011 and 190,000 boepd by 2013.

The company is close to achieving these targets with a current equity production of about 191,025bopd, slightly above the targeted 190,000 boepd and the current commercialisation of 75per cent of gas produced.

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