The Nigerian National Petroleum Company Limited (NNPCL) has said a production quota restriction by the Organisation of Petroleum Exporting Countries (OPEC) could limit its ambition to attain 2.2 million barrels per day in 2023.
Nigeria and other top African producers are expected to witness upstream revival and the launch of several multi-well drilling campaigns in 2023.
ABUJA, Jan 10 (Reuters) – Nigeria’s petroleum regulator has shortlisted 139 companies for the next stage of the country’s gas flaring commercialisation programme, its chief executive said in a statement, part of plans to reduce carbon emissions.
Nigeria’s Upstream Petroleum Regulatory Commission will stage a pre-bid conference Monday, Jan. 16, for seven blocks on offer in the country’s northwestern offshore region.
The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) says the nation’s daily crude oil production has increased to 1.5 million barrels per day due to the successes recorded in the fight against oil theft in the Niger Delta region by the military.
The Nigerian Upstream Petroleum Regulatory Commission, on Sunday, revealed that crude oil production in Nigeria rose to 1.235 million barrels per day in December 2022, representing the highest output since March when the country produced 1.237mbpd
The Nigerian Upstream Petroleum Regulatory Commission has revealed that crude oil production in Nigeria rose to 1.235 million barrels per day in December 2022, representing the highest output since March when the country produced 1.237mbpd.
The Economic and Financial Crimes Commission (EFCC) has so far recovered over N201 billion from oil firms defaulting on royalties to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the 3 per cent statutory payment to the Niger Delta Development Commission.
Nigeria is one of the world’s largest oil producers, yet, has failed to develop an oil refinery sector.
Nigeria is one of the world’s largest oil producers, yet, has failed to develop an oil refinery sector.