Michael James
23 August 2017, Sweetcrude, Lagos — Available petroleum statistics from Nigeria’s oil production, drilling and development between 2013 and 2016 revealed that rig count dropped by 0.72 percent.
Statistic by the National Bureau of Statistics, NBS obtained by our correspondent shows that Nigeria’s rig count dropped from 117 in 2013 to 45 in 2016.
A breakdown of the inforgraph revealed that there was a sharp decline in rig activities in deepwater oil production between 2013 of 117 rigs to 46 rigs in 2014. However, rig count increased in 2015 to 101 but sharply dropped to 45 in 2016.
Meanwhile, the selected petroleum statistics from 2012 to 2016 revealed that 656,804,590 barrels of crude oil was produced in 2016 as against 777,492,150 barrels produced in 2015 while 771,444,960 barrels of crude oil were exported in 2015 as against 773,833,130 barrels in 2014 with Nigeria’s crude oil reserves put at 37,453,000,000 barrels as at 2016.
The statistics also revealed that a total of 2,711,803,306.10 mscf of gas was produced in 2016 as against 3,003,179,000.00 mscf of gas produced in 2015 while 2,404,095,858.60 mscf of gas was utilised in 2016 as against 2,672,247,000.00 mscf utilised in 2015. Gas flared was put at 330,933,000.00 mscf as at 2015.
NBS statistics shows that 57,437,000b/d of Liquefied Petroleum Gas, 260,787,000b/d of Petroleum Motor Spirit, 144,654,000b/d of Household Kerosene, 200,144,000b/d of Automative Gas Oil and 283,632,000b/d of fuel oil were recorded as finished products from domestic refineries in 2015.
