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‘No Disparity,’ NUPRC Confirmed 1.8m bopd NNPC Ltd Oil Production Figures At NAPE Conference—-‘1.54m bopd production figure (quoted by THISDAY for October) is for September, not October,’ What NUPRC boss told highest body of petroleum explorationists and stakeholders in Lagos.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) confirmed the 1.8 million barrels of per day (bopd) production figures earlier released by the Nigerian National Petroleum Company Limited (NNPC Limited) at the conference organised by the Nigerian Association of Petroleum Explorationists (NAPE) in Lagos.

This newspaper, which reported the Commission boss, Gbenga Komolafe, to have said this to stakeholders, maintained that the development is contrary to a report making the round that the NUPRC contradicted the NNPC Ltd figures.

Speaking at the 42nd Nigerian Association of Petroleum Explorationists Annual International Conference & Exhibition in Lagos, Komolafe said that Nigeria’s crude oil output, including condensate, increased by 16.56 per cent to 1.8 million barrels per day, bpd in October 2024, from 1.54 million bpd in September 2024.

He said that as a result of this feat, Nigeria has exceeded the 1.5 million bpd quota of the Organisation of Petroleum Exporting Countries, OPEC.

“This represents an increase of 253,710,
bpd to reach 1.8 million bpd in October, up from 1.54 million bpd in September 2024, representing 16.56 per cent month-on-month rise,” he said.

Represented by Enorense Amadasu, Executive Commissioner for Development and Production at NUPRC, the NUPRC boss declared that efforts were underway to further increase oil output to two million bpd by December 2024.

Highlighting the theme of the conference, “Resolving the Nigerian Energy Trilemma: Energy Security, Sustainable Growth and Affordability”, Komolafe, said the organization is committed to expanding Nigeria’s oil production capacity.

Checks by this newspaper showed that this is the same position of the NNPC Ltd, which said it and its partners have revved up crude oil and gas production to 1.8 million barrels per day (mbpd) and 7.4billion standard cubic feet (bscf) per day.

The company announced this at a press briefing, maintaining that the feat was achieved in compliance with the mandate of President Bola Ahmed Tinubu.

This newspaper gathered that these figures are, contrary to misconstrued report, the same with the ones announced by the NUPRC.

Disparity Where There Is None

A THISDAY review of the delayed October production figures by the NUPRC, which is the oil and gas sector upstream regulator, claimed that Nigeria produced 1.538 million bpd of crude oil and condensate.

The three-month low production data released by the NUPRC, the report claimed, contradicted the report announced by the national oil company and the Ministry of Petroleum Resources (Oil), which specifically put production at 1.808 million bpd.

Looking Beyind 1.8m bopd

Speaking on the development, the Group Chief Executive Officer, Mr. Mele Kyari, who reiterated that the Company revved up oroduction to 1.8 m bopd, declared the target to even increase the production to 2 million bopd.

Kyari congratulated the Production War Room Team that anchored the production recovery process.

“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 based on the mandates that we have from the President, the Honourable Minister, and the Board,” Kyari explained.

Giving details of the efforts of the Production War Room, the Chief War Room Coordinator, and Senior Business Adviser to the Group Chief Executive Officer, Mr. Lawal Musa disclosed that the feat was achieved through the collaborative efforts of Joint Venture and Production Sharing Contract partners, the Office of the National Security Adviser, as well as government and private security agencies.

He said the interventions led to the recovery of production cut across every segment of the production chain with security agencies closely monitoring the pipelines.

He stressed that when the Production War Room team was inaugurated on the 25th June 2024, production was at 1.430mbpd, but the team swung into action, culminating into it sustaining the production recovery to 1.7mbpd in August and hitting the current 1.808mbpd in November.

“We are confident that with this same momentum and with the active collaboration of all stakeholders, especially on the security front, we can see the possibility of getting to 2mbpd by the end of the year,” he stated.

Also speaking on the development, Chairman of the NNPC Ltd Board of Directors, Chief Pius Akinyelure, who also congratulated the team, said he was happy to be part of the production recovery process, adding: “today, I will leave this place with my heart full of joy”.

He charged the Company’s Management to come up with a cashflow projection based on the new production figures to facilitate planning, stressing that he was looking forward to further production increase to 3mbpd.

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JUST IN: Court Grants Dele Farotimi N50m bail Over Alleged Defamation On Afe Babalola

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Dele Farotimi

JUST IN: Court Grants Dele Farotimi N50m bail Over Alleged Defamation On Afe Babalola—-Human rights lawyer, Dele Farotimi, has been granted bail by the Ekiti State High Court.

The court granted Farotimi bail in the sum of N50 million, with a surety of the same amount.

The court ruled that the surety must possess a landed property and adjourned the matter to January 29, 2025, for further proceedings.

Farotimi was taken to court by Chief Afe Babalola, a Senior Advocate of Nigeria, after being arrested by operatives of the Ekiti State Police Command.

Babalola, 95, accused Farotimi of defaming him in a book titled Nigeria and Its Criminal Justice System.

The arrest sparked outrage across the country, prompting civil society organizations and the Nigerian Bar Association to call for the activist’s release.

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Like Mohbad, Lil Smart Publicly Accuses Naira Marley And Zinoleesky Of Alleged Assault [VIDEO]

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Lil Smart

Like Mohbad, Lil Smart Publicly Accuses Naira Marley And Zinoleesky Of Alleged Assault [VIDEO]—-Former Marlian Record signee, Lil Smart cries out for his safety as he makes shocking allegations against Naira Marley and Zinoleesky, while showing off bruises.

The ex Marlian dancer took to his social media page to allege that the Marlian Record boss, Naira Marley and Zinoleesky had reportedly abducted him and beat him up.

Additionally, he claimed that his valuables, including his wallet containing $300 and his house key, were taken from him.

He showed off the bruises he had allegedly sustained from the incident.

Lil Smart cries out, accuses Naira Marley, Zinoleesky of assault and kidnap
Naira Marley.

Lil Smart urged people to hold Naira Marley and Zinoleesky responsible if he harm should come to him.

Lil Smart cries out, accuses Naira Marley, Zinoleesky of assault and kidnap
Zinoleesky.

His words read in part …

“I escaped death today ting NAIRA MARLEY, ZINO, INN & MMP attacked me,kidnapped & took me into bush .. Where They nearty killed me….

They naked me, took my skate, my necklace, my wallet containing $300 and my trousers which my house key I had a chance to run away but naked in the express

“i if anything happens to me, missing or killed know it is both NAIRA MARLEY & ZINO”

Check out post below …

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