Minister of State for Petroleum Resources (Oil) Senator Heineken Lokpobiri talks to The Energy Year about Nigeria’s progress towards its 2.5 million bopd production target as the country introduces reforms to lower upstream operating costs, attract investments and expand the participation of host communities in oil and gas projects.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday said crude oil production increased by 31,629 barrels per day (b/d) from 1.4mb/d in May 2024 to 1.5mb/d in June 2024. This was contained in its June 2024 Oil Production Status Report that the Commission released on its website.