Oil: NPDC targets 500,000 barrel daily production

The Group Managing Director, Nigerian National Petroleum, Mele Kyari, has said the Nigerian Petroleum Development Company (NPDC) is targeting daily oil production of 500,000 barrels in its facilities. He disclosed this on Wednesday during the facilities tour of Oredo Integrated Gas Handling Facility (IGHF) in Ologbo, Ikpoba-Okha local government area of Edo state.  Kyari the […]

The Group Managing Director, Nigerian National Petroleum, Mele Kyari, has said the Nigerian Petroleum Development Company (NPDC) is targeting daily oil production of 500,000 barrels in its facilities.

He disclosed this on Wednesday during the facilities tour of Oredo Integrated Gas Handling Facility (IGHF) in Ologbo, Ikpoba-Okha local government area of Edo state.  Kyari the plant which will be commissioned by President Muhammadu Buhari on October 31.

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“Around one year ago, NPDC was producing about 136, 000 barrels per day , today we are producing 260.000 barrels per day,”Our target is to take this company to a production level of 500, 000 barrels per day.

“We have lined up projects and activities. Today we have the highest number of rings running in this country. Five rigs running at the same time, this will ultimately lead to producing that 500 000 target,” he said.

Kyari added, we are producing about 5 billion standard cubic feet (scf) of gas into the entire domestic market with NLNG and NPDC contributing to that total.”

Kyari assured that the Ologbo plant when completed would halt the importation of LPG, as Nigeria is blessed with gas resources and can’t be importing LPG when the nation has it in abundance.

He said NPDC is a company owned 100 percent by Nigeria and would deliver it to be number one upstream company in this country.

Earlier, NPDC Managing Director, Mansur Sambo, assured that the plant  gas would now be delivered without interruption into the domestic market.