The Nigerian National Petroleum Co. Ltd. (NNPC) recently resumed production from the Awoba field and initiated oil production from the Madu field after facing challenges that led to shutdowns. The Awoba field, located in Rivers State, is expected to reach a production plateau of 12,000 barrels per day, significantly enhancing the country’s gas supply.
Nigeria’s new Dangote mega refinery near Lagos is seeking to buy millions of barrels of US crude over the next year as it ramps up processing rates, a sign of the challenges that Africa’s largest producer faces in lifting its own oil output.
There seems to be hope in the offing for Nigeria as its dwindling daily oil production turned the corner in April, rising marginally from 1.23 million barrels per day in March to 1.28 mbpd, according to the Organisation of the Petroleum Exporting Countries.
There seems to be hope in the offing for Nigeria as its dwindling daily oil production turned the corner in April, rising marginally from 1.23 million barrels per day in March to 1.28 mbpd, according to the Organisation of the Petroleum Exporting Countries.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), on Tuesday, announced the commencement of the 2024 oil block licensing round.
The Chief Executive of NUPRC, Gbenga Komolafe, announced this at the Miami, Florida International Roadshow for the 2024 licensing round, hosted by the NUPRC, in collaboration with Petroleum Technology Association of Nigeria (PETAN).
The Nigerian Upstream Petroleum Regulatory Commission has announced the commencement of the bidding process for 12 oil blocks recently listed for sale.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has initiated the 2024 Licensing Round during the Offshore Technology Conference in Houston, Texas.
Nigeria is inviting bids from international investors with financial and technical capacity for 12 onshore and deepwater oil blocks, its oil regulator said in a speech yesterday at a global oil conference in Houston, Texas.
Oando’s COO Irune has revealed the firm expects to scale production up to 100,000bpd by 2029, driven by new drilling.
With the potential approval of ExxonMobil’s $1.28 Billion asset sale to Seplat, Nigeria anticipates increased oil production.