82% of Nigeria's oil production lost in Feb - IPPG
A worker inspect facilities on an upstream oil drilling platform at the Total oil platform at Amenem, 35 kilometers away from Port Harcourt in the Niger Delta. Amenem is the hub of Total oil production with two oil well producing over 100,000 barrels of crude daily. AFP PHOTO / PIUS UTOMI EKPEI (Photo credit should read PIUS UTOMI EKPEI/AFP/Getty Images)

The Nigerian National Petroleum Company (NNPC) Limited has announced that Nigeria’s crude oil production has increased to 1.6 million barrels.

The Chief Upstream Investment Officer (CUIO), NNPC Upstream Investment Management Services, Bala Wunti, said this at the 11th Practical Nigerian Content Forum in Uyo, Akwa Ibom State Tuesday night.

Wunti said the country’s oil production as of Tuesday was 1.6 million barrels per day — up from 1,014,485 barrels per day in the month of October 2022.

Wunti said the output increase was a result of government’s all-inclusive approach to the fight against crude oil theft.

“Crude theft affects all architecture that funds the country. When the oil theft reached its peak, everything including gas production was affected.

“One, we have security agencies in which the navy, the police, and everyone within that space was involved. The second is the regulators angle. At this stage, all regulators are made to fully be part of the efforts.

“Third is the operators’ angle. And, of course, all operators were involved. The fourth angle is the community angle in which all impacted communities have to be brought under the umbrella of a structured arrangement in the collective effort against crude oil theft. In all, these efforts were able to do three things: detect, deter, and respond appropriately.

“As at today, oil production is at 1.59 million barrels per day,” Wunti noted.

International media and news company, Reuters, while quoting secondary sources, had last week reported that Nigeria’s crude oil production hit 1.3 million barrels per day in October 2022.

Nigeria has been grappling with low production in the face of the lingering oil theft and pipeline vandalism.

Until this latest breakthrough, the country has not been able to produce above 1.4 million barrels of oil in 2022. This is below the Organisation of Petroleum Exporting Countries (OPEC) quota of 1.8 million bpd.


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