Audio By Carbonatix
Nigeria's state oil firm NNPC said on Thursday it had increased oil production to 1.8 million barrels per day (bpd), with the possibility of getting to two million bpd by year-end.
Oil production at Africa's top crude exporter was estimated at 1.3 million bpd in October, according to producer group OPEC's latest report. Nigeria often counts condensate production of around 250,000 bpd as part of its production.
The NNPC said the increase was a result of collaborative efforts with its joint venture operators and its partners on production-sharing contracts, alongside security agencies and the government.
"The team has done a great job in driving this project of not just production recovery but also escalating production to expected levels that are in the short and long terms acceptable to our shareholders," NNPC CEO Mele Kyari told a press briefing.
Nigeria has been battling crude theft in its Niger Delta production region, sabotage, and local unrest, which has hampered output growth.
In June, NNPC set up a 'war room' to coordinate efforts of oil partners, the government and private security personnel to stem crude theft. Since then, several vessels used in stealing crude have been destroyed and some illegal refiners arrested.
Kyari said the interventions across every segment of the production chain, supported by rigorous pipeline monitoring from security agencies, had been critical to the recovery.
Latest Stories
-
Legal tussle as ASG-ARC dispute moves to court
10 minutes -
‘Give caucus leaders adequate time to speak before ruling’ – Afenyo-Markin to Bagbin
16 minutes -
Petrosol gives back to society by donating 3,600 books and bags to Sawla DA Primary
22 minutes -
Bagbin dismisses Minority motion on narcotics seizures as inadmissible
27 minutes -
From Oversight to Impact: Why board committees will make or break Africa’s organisations
31 minutes -
‘Strong criticism is legitimate but insult is not argument’ – Speaker urges restraint in public discourse
33 minutes -
‘Don’t reward only bitter tongues’ – Bagbin tells political party leaders
33 minutes -
Nana Akua wins Dubai trip as Joy FM, Adansi Travels mark 10-year partnership
33 minutes -
NPP NEC election: John Boadu, JFK, Titus-Glover and Hawa Koomson in strong lead, according to latest national outlook survey
44 minutes -
TRAFFITECH-GH full implementation rescheduled to November 1
46 minutes -
‘Insults must not replace arguments’ – Bagbin cautions political actors against language that could undermine democracy
49 minutes -
Minority demands full data on Ghana narcotics seizures, arrests and prosecutions since 2025
52 minutes -
Man City found guilty of all charges of financial rule breaches, Premier League confirms
1 hour -
Jeffrey Nortey wins Screen Icon of the Year again at Ghana Entertainment Awards USA
1 hour -
Man Utd do not deserve Man City titles – Rooney
1 hour