Oil Production: Three million Barrels Per Day Achievable – NNPCL

By Lekan Sowande, Abuja

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The Nigerian National Petroleum Company Limited ( NNPCL ) says the production of three million barrels of crude oil per day is achievable.
The country currently produces 1.7 million barrels per day.

Making the declaration at a Stakeholders Engagement Session with journalists covering the National Assembly, the Chief Corporate Communications Officer ( CCCO) of the oil conglomerate, Mr Olufemi Soneye said the feat is attainable with support from all stakeholders .

He said the political will in that regard is already provided by President Bola Tinubu with directives to relevant security agencies to stem the ugly tide of oil theft and pipeline vandalism which according to him , led to an increase in daily oil production from 1.4 million to 1.7milliion barrels per day now .

“Three million barrels oil production per day is achievable in Nigeria if all the stakeholders work in snergy for that purpose from the security agencies both government and private owned , to oil companies and host communities.

“With expected synergy from all the relevant stakeholders on war  against oil theft and pipeline vandalism, required enabling environment,would be in place for optimal oil production to the volume of 2.5 to 3million barrels per day “, he said .

He earlier lamented that at a point, oil production went down to 900,000 barrels per day in the country before the involvement of private security agencies and renewed efforts of the military.

“At that time, we felt Nigeria was in trouble as far as oil theft was concerned but , the intensity of war against it , has allayed our fears “,he said .

However, in a power point presentation on the menace of crude oil theft and its impact on Nigeria’s economy by the Deputy Manager, NNPC Command and Control Centre , Murtala Muhammad , said the crime of oil theft remains a serious concern.

According to him, over 8000 illegal refineries and 5800 illegal oil pipeline connections were detected and destroyed within the last six months.

He listed Bayelsa, Rivers, Imo, Abia etc to be hot spots of the crime .

In his paper presentation on “Balancing Reporting and Nation Building : The Role of National Assembly Press Corps’”, the resource person , Professor Taiye  Obateru , emphasised on fairness and national interest in all stories.

 

 

 

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