Nigeria’s crude oil and condensate production rose by 33,698 barrels per day (bpd) to hit 1.53million barrels per day (mb/d) in July 2024.
This was contained in the “Oil Production Status Report,” which the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) released yesterday.
The report, which was that of Crude Oil and Condensate Production July 2024, recalled the country’s oil and condensate production was 1.50mb/d in June 2024.
NUPRC said in May 2024, Nigeria’s oil and condensate output was 1.4mbd while that of April was 1.44mbd.
The report added that in March, February and January 2024, the country produced 1.43mbd; 1.53mbd; and 1.64mbd respectively.
Nigeria, according to the Commission and its state-owned Nigerian National Petroleum Company Limited (NNPCL), has the capacity to produce 2mbd in 2024, a target it is currently battling to accomplish.
Major drawbacks from hitting the targeted output have always been crude oil theft and vandalization of pipelines.
On Tuesday, NNPCL Group Chief Executive Officer, Mr. Mele Kyari, called on the military to sustain the war against crude oil theft and pipeline vandalism, saying the current onslaught against the menace has yielded improved growth in the nation’s crude oil production.
Kyari made this appeal when he received in audience the Chief of Defense Staff, General Christopher Musa, who led senior military officers on a courtesy visit to the NNPC Towers in Abuja, on Tuesday.
NNPCL Chief Corporate Communications Officer, Mr. Olufemi Soneye, who made this known in a press statement, quoted Kyari as saying, “I personally call for enhanced and sustained security engagement. This is because we have reached a new peak in production that we haven’t seen in the last three years.
“This is clearly related to the sustained efforts by the armed forces and other security agencies to protect our critical assets, particularly the pipeline infrastructure in specified areas where we are working closely with these agencies. We are already seeing the results transforming into increased production.”
