Nigeria’s Crude Oil Production on Track to Reach 2 Million Barrels per Day by December 2024
The Nigerian National Petroleum Company Limited (NNPCL) has announced that the country’s crude oil production has increased to 1.8 million barrels per day, with gas production rising to 7.4 billion standard cubic feet per day.
This milestone was welcomed by Chief Government Ekpemupolo, also known as Tompolo, who commended the NNPCL and other stakeholders involved in achieving this goal. Tompolo, the Chairman of Tantita Security Services Nigeria Limited, emphasized that his company is committed to helping Nigeria reach its target of 2 million barrels per day by December 2024, as instructed by President Bola Tinubu.
Tompolo credited the success to the collaborative efforts of NNPCL, security forces, and Tantita, which has been responsible for protecting oil pipelines in the Niger Delta. He expressed confidence that with the necessary machinery in place, Nigeria’s economy will be boosted, leading to increased government revenue and a more effective country administration.
Tompolo also highlighted the deployment of new technologies to monitor facilities and prevent disruptions, ensuring that oil theft is halted. He stated that the company is working towards exceeding the target of 2 million barrels per day and is committed to achieving this goal.
Naijawebinfo recalls that in 2022, the Nigerian government awarded a contract for pipeline protection to combat rampant oil theft. Tantita, in collaboration with security agencies, has been instrumental in driving oil thieves away from the nation’s coastal areas and confiscating their equipment.
The recent increase in crude oil and gas production is attributed to the joint initiatives with various state actors, including security agencies, which have played a crucial role in the recovery efforts.
Mele Kyari, the Group Chief Executive Officer of NNPCL, attributed the achievement to President Bola Tinubu’s directives and congratulated the Production War Room Team, which was instrumental in the production recovery efforts.
The Chief War Room Coordinator, Lawal Musa, provided insights into the initiatives undertaken by the Production War Room, highlighting the collaborative efforts of Joint Venture and Production Sharing Contract partners, the Office of the National Security Adviser, and various government and private security agencies.
Musa noted that the interventions responsible for the recovery of production encompassed all aspects of the production chain, with security agencies actively monitoring the pipelines. He expressed confidence that with the same momentum and active collaboration of all stakeholders, Nigeria can reach its target of 2 million barrels per day by the end of the year.
