Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » NPDC is now Nigeria’s 5th largest crude producer

    NPDC is now Nigeria’s 5th largest crude producer

    January 22, 2013
    Share
    Facebook Twitter LinkedIn WhatsApp

    22 January 2013, Sweetcrude, Lagos – Nigerian Petroleum Development Company, NPDC, the exploration and production arm of the Nigerian National Petroleum Corporation, NNPC, is now Nigeria’s fifth largest oil producing company.

    NNPC’s group managing director , Mr. Andrew Yakubu, who disclosed this, said the NPDC, the company currently produces about 130,000 barrels per day, bpd, but will be pushing this up 250,000bpd to meet the production target set for it by the government.

    He spoke in Benin at the official commissioning of the NPDC’s Oredo integrated gas handling facility by Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke.

    “This is the first major gas development project of NPDC and this clearly symbolises our swift response to the Federal Government’s gas-to-power programme.

    “With an average crude oil production of 130,000bpd, NPDC is clearly the fifth largest oil producer in the country,” he said.

    He stated that the company’s oil production will come mainly from the oil mining leases, OMLs, assigned to it from the divestment of NNPC’s Joint Venture partners such as Shell. In OML 119, NPDC’s concession on the continental shelf, the Okono and Okpoho fields are currently producing about 70,000bpd.

    NPDC also has non-operated interest in nine deepwater acreages while its land assets in OML 65 (Abura field) and OML 111 (Oredo and Oziengbe) fields. Production is approximately 12,000 bpd from the fields. Also, its swamp interests in OMLs 64 and 66 in partnership with SIPEC are still under development.

    Related News

    Military efforts slash crude oil theft, as Minister hails Armed Forces

    Nigerian Navy cracks down on oil theft, arrests 76 vessels in two years

    Nigeria, Equatorial Guinea advance GoG gas pipeline project with new roadmap

    E-book
    Resilience Exhibition

    Latest News

    FG, States, LGCs share N1.659 revenue in May 2025

    June 22, 2025

    Military efforts slash crude oil theft, as Minister hails Armed Forces

    June 22, 2025

    Nigerian Navy cracks down on oil theft, arrests 76 vessels in two years

    June 22, 2025

    Rivers, Bayelsa left out as FG delivers life jackets to Kwara over boat mishaps

    June 22, 2025

    Nigeria commits $200m to health, eyes BRICS partnerships

    June 22, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.