The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has said that it has adopted measures that would tackle challenges facing the oil and gas sector and boost production in the country.
The Commission Chief Executive, Engr. Gbenga Komolafe who disclosed this yesterday in Lagos while presenting a country address at the Petroleum Technology Association of Nigeria (PETAN) Sub-Saharan Africa International Petroleum Exhibition and Conference, said Nigeria’s oil production currently averages 1.586 million barrels per day made up of 1.33mbpd liquid production and 256,000 condensate oil production.
Nigeria’s oil production increased to 1,426,574 barrels per day in January 2024.
The country’s drilling performance was published in the latest crude oil and condensate production data of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
The figure represents the highest production level since March 2021 when output was 1,428,613 bpd.
According to the NUPRC data, output rose by 91,476 bpd in Januay 2024 — a 6.85 percent increase compared to the production figure of 1,335,098 bpd in December 2023.… Read the rest