NNPC Shares Location of 4 New Oil Wells in North as Nigeria’s Oil Production Hits 1.8m Barrels
- The NNPC restated its commitment to oil and gas development in the northern part of Nigeria
- The national oil company confirmed that it drilled four oil wells in Kolmani, Bauchi state
- Latest data from NUPRC revealed that Nigeria's crude oil rose to 1.8 million barrels per day, and averaged 1.78 million bpd
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The Nigerian National Petroleum Company Ltd (NNPCL) drilled four new oil wells in the Kolmani area of Bauchi state.
Yusuf Usman, a director at NNPC, confirmed the development while speaking at the Sir Ahmadu Bello Memorial Foundation’s two-day interactive session on Government-Citizens Engagement in Kaduna held recently.
Source: UGC
Usman, in his speech, restated the commitment of NNPC’s management to the exploration and development of oil and gas resources in the northern region of the country.
Usman stated:
“So far, the NNPCL has drilled four wells in the Kolmani area of Bauchi State and is currently evaluating the appropriate technology to be deployed for the next phase of drilling operations.
“In support of President Tinubu’s Compressed Natural Gas (CNG) Initiative, five CNG and Liquefied Natural Gas (LNG) plants are under construction in Kogi.
“These plants we expect will enhance gas supply and accessibility across the northern region.”
Punch reports that Usman also stated that the North has benefited from some of NNPC’s achievements under Tinubu’s government.
Nigeria's crude oil production rises
Meanwhile, Nigeria’s crude oil production has reached a new peak of 1.8 million barrels per day (bpd).
Source: Getty Images
Gbenga Komolafe, the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), who disclosed this, said that the current average of 1.78 million bpd.
Komolafe attributed the production boost to ongoing regulatory reforms, enhanced monitoring, and strategic initiatives such as the Project 1 MMBOPD Incremental Programme and cluster development of Nigeria’s oil fields.
He also revealed that 21 new regulations have been introduced since the enactment of the Petroleum Industry Act (PIA) in 2021 to foster transparency, improve investor confidence, and align operations with global standards.
These include policies on emissions control, host community development, and responsible asset management, the Sun reports.
Komolafe said:
“The NUPRC has embraced technology in regulatory operations to improve turnaround time and service delivery.
"Our efforts are part of a broader push to promote accountability, reduce costs, and sustain industry growth.
Dangote refinery imports more crude oil from US
Earlier, Legit.ng reported that Dangote Petroluem Refinery increased its processing level and was finding it difficult to source crude locally.
To close the gap and meet its production requirement, the refinery decided to increase the import of US crude.
The decision to import U.S. crude also coincided with unique market conditions, including weaker demand for WTI Midland in Asia due to Chinese tariffs on U.S. crude and ample supplies of competing grades like Abu Dhabi's Murban crude.
Proofreading by Funmilayo Aremu, copy editor at Legit.ng.
Source: Legit.ng
