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Tag: Oil production

Oil and Gas

Oil production hits 1.7m barrels daily – FG

The Federal Government reported on Friday that Nigeria’s oil production had climbed from 1.1 million barrels per day in August 2023 to over 1.7 million barrels per day. According to The Punch, the Minister of State for Petroleum Resources, Heineken Lokpobiri, said this during a meeting with journalists on Friday at his office in Abuja. […]

FG target Spanish investors for seven oil blocs
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Oil production drops by 83% – Report

  Findings from the Organisation of the Petroleum Exporting Countries report macroeconomic has shown that Nigeria’s export capacity dropped by 83 per cent between 2020 and 2021. According to the data, the country’s monthly production capacity in 2012 was roughly 95,620 million barrels per month, or slightly more than 3 million barrels per day. It […]

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Oil production hit 1.235m barrels in Dec 2022 – NUPRC

  The Nigerian Upstream Petroleum Regulatory Commission stated on Sunday that crude oil production in Nigeria increased to 1.235 million barrels per day in December 2022, the highest output since March, when the country produced 1.237 million barrels per day. According to figures received from the commission in Abuja, oil output jumped from 1.185mbpd in […]