Exploration of crude oil exploration activities at the Kolmani Oil Field has become dormant 16 months after a presidential inauguration of exploration activities on the site.

LEADERSHIP reports that at the twilight of the administration of former President Muhammadu Buhari, precisely in November 2022, Nigerian National Petroleum Company Limited, in partnership with New Nigeria Development Company, started drilling crude oil at two oil blocks in Kolmani Oil Field, OPL809 and OPL810 accordingly.… Read the rest

A survey of oil production for the month of March carried out by S&P Global Commodity Insights, has found that Nigeria’s crude oil production declined marginally to 1.45 million barrels per day from the 1.47 million bpd the previous month.

Although, output has generally increased this year, Nigeria’s Organisation of Petroleum  Exporting Countries (OPEC) production figures have been largely inconsistent.

Nigeria blames massive oil theft, declining investment in the oil and gas sector , outright sabotage, among others, as reasons for its inability to meet its current revised 1.5 million bpd output, from 1.8 million bpd in 2023.… Read the rest