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NNPC Targets Production Capacity of 250,000bpd by 2020


News » Politics
Nigeria

July.15.2014

The Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) targets to raise its crude oil generating capacity from the 70,000 barrels per day recorded about few years to 250,000 barrels per day by 2020.

The Group Managing Director of NNPC, Mr. Andrew Yakubu, who made this revelation at a capacity building workshop in Uyo, Akwa Ibom State, further disclosed that the NPDC witnessed improvement in its performance in the last two years.

Yakubu stated that NPDC has become the fifth largest producer of oil and gas in Nigeria and the largest supplier of gas to the domestic market.
He said in line with the Federal Government’s aspiration to transform the oil and gas sector, especially the NNPC into an integrated oil and gas company, he had on assumption of office evaluated the sector and set out strategies to improve oil and gas production.

“On the average today, we are able to maintain 2.5 million barrels per day production, although we had serious challenges of crude oil theft and bunkering from our major trunklines and these trunklines are mainly in the East, West and centre of the country,” he said.

Yakubu identified the pipelines that were severely affected to included the Trans Niger Trunkline that takes crude oil to Bonny Island export terminal and the Nembe Creek Trunkline that also takes crude to the Bonny terminal.

According to him, these trunklines have a capacity of 300,000 barrels per day. He also noted that the Temidaba-Brass pipeline that take about 100,000 barrels of crude oil per day to the Brass terminal in Bayelsa State, as well as the Trans Forcados Trunkline that take crude oil to the Forcados terminal in the western Niger Delta were also heavily affected by
vandalism.

“These are the notorious trunklines that gave us severe and serious challenges that resulted I shuts-in of about 300,000bpd or 400,000bpd. Quite recently, as a result of this challenge, the Federal Government had to intervene by setting up a committee consisting of majorly members of the National Economic Committee, comprising of governors from the oil-producing areas, top security agents and all the players in the industry,” he said.

According to him, the efforts of the committee paid off as the country was able to recover part of the lost production in 2013.

On the achievements in the gas sector, Yakubu said gas supply to the domestic market had increased by 570 million standard cubic feet per day, while gas flaring reduced from 30 per cent to 10 per cent.

With the installation of gas infrastructure, Yakubu pointed out that gas utilization increased from 300 million cubic feet per day to 1.5billion cubic feet per day, with 70 per cent dedicated to the power sector, while 30 per cent is dedicated to the manufacturing sector.

Article Credit: Thisdaylive

Updated 4 Years ago
 

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