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In a recent engagement between the Nigerian Association of Petroleum Explorationists (NAPE) and the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, the Group Chief Executive Officer of NNPCL, revealed that crude oil production in Nigeria is nearing 1.7 million barrels per day. This marks a significant increase from the 1.28 million barrels reported in April.
Kyari emphasized the challenges faced by the oil and gas sector, particularly due to oil theft and vandalism, which continue to hamper production. He stressed the importance of addressing insecurity to boost production levels. Kyari highlighted efforts to combat illegal activities, including the removal of illegal connections from pipelines and dismantling of illegal refineries.
Pipeline vandalism has forced the industry to resort to less efficient means of transportation, such as barging, leading to increased costs. Despite these challenges, Kyari expressed optimism, noting ongoing government efforts to improve the situation and enhance infrastructure.
However, Kyari’s optimism contrasts with recent data from the Organization of the Petroleum Exporting Countries (OPEC), which indicates that Nigeria’s crude oil production remains at 1.2 million barrels per day. This inconsistency underscores the complexity of the situation and the need for concerted efforts to address production challenges.
Kyari also highlighted the significance of projects like the Ajaokuta-Kaduna-Kano (AKK) pipeline in enhancing gas supply infrastructure. He noted that the completion of crucial elements like a river crossing will facilitate the flow of gas from the east to the west.
Leadership figures in the industry, including Abiodun Ogunjobi, President of NAPE, and George Osahon, Chairman of NAPE’s Board of Trustees, emphasized the importance of investing in infrastructure and providing support for research and training to ensure the sustainable development of the oil and gas sector.
As Nigeria grapples with declining reserves and production, there is a consensus among industry stakeholders, including Chief Chamberlain Oyibo, the immediate Past Chairman of NAPE’s Board of Trustees, on the necessity of implementing sound policies and incentives to drive growth and efficiency in the sector.
