3 August 2012

Nigeria: Crude Oil Production Hits 2.7 Million Barrels Per Day

Photo: Leadership
Oil refinery

Nigeria's crude oil production has increased from 2.4 million barrels per day (mbpd) to an all-time high of 2.7mbpd, Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Engr. Andrew Yakubu, has disclosed.

Yakubu who made the disclosure when he received a delegation led by Benue State Governor, Gabriel Suswam, which paid a working visit to his office at the NNPC Towers, Abuja, yesterday, noted that the development was a "significant milestone for the country."

The NNPC boss attributed the achievement to the security measure put in place by the federal government in the Niger Delta region which was beginning to yield positive results as shown in the country's increased crude oil production.

"We want to thank the President, Dr. Goodluck Jonathan, for his great initiative to restore security with regards to pipelines and our crude oil production facilities and we thank the Minister of Petroleum Resources, Mrs Diezani Alison-Madueke for driving the process. I am glad to report to you that in crude oil production, yesterday, we recorded an all-time high of 2.7 million barrels. This has not been recorded before," Yakubu said.

The GMD used the opportunity to appeal to all the state and local governments as well as communities and other stakeholders in the industry to work in partnership with the corporation to safeguard the pipelines and other strategic national assets in order to reduce wastages.

Yakubu further expressed the readiness of the corporation to collaborate with the Benue State Government to restore the Makurdi depot noting that a similar collaboration with the Abia State Government recently led to the re-commissioning of the Aba depot after being closed for seven years.

He assured that as soon as the pipelines supplying petroleum products from Aba to Enugu, and Enugu to Makurdi depots are certified to be in good condition, the corporation would commence immediate supply of products to the area.

"We have not had any negative report from the Enugu to Makurdi pipelines and as soon as we do our integrity check and it's okay, we will commence supply to the makurdi depot," he said.

On gas infrastructure, Yakubu informed that various gas pipeline projects were on-going across the country to support the federal government's industrialisation efforts.

The NNPC GMD also used the opportunity to enjoin governor Suswam to assist in convincing his colleague governors to buy into the Petroleum Industry Bill (PIB) submitted recently to the National Assembly for consideration and passage into law noting that the bill makes provision for the growth of private initiatives in the petroleum oil and gas Industry.

Earlier in his remarks, Governor Suswam assured of the Benue State government readiness to partner with the NNPC in the resuscitation and expansion of the Makurdi depot, as well as on the development of gas infrastructure and the ethanol project of the Corporation.

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