by Citizens Platform
The Nigerian National Petroleum Corporation (NNPC) has said that crude oil production will increase to 2.5million barrels (mbpd) after repairs at Nembe Creek Trunk Line (NCTL) in Delta state have been completed.
In a statement from its acting Group General Manager, Public Affairs Division in Abuja, Ms. Tumini Green, the corporation said the expected completion of repair works on the NCTL, which has a daily capacity of 150,000bpd, would increase daily average crude oil production to 2.50mbpd, thus exceeding the target of 2.48mbpd
Tumini added that the combined efforts of Alison-Madueke, NNPC and IOCs to stem the crude theft menace have resulted in a significant drop in the level of pipeline vandalism and crude oil theft, thus resulting in a corresponding increase in crude oil production.
“Suffice it to say some vandalised pipelines and flow stations have been repaired and reopened such that average current national daily production stands at 2.4mbpd compared to the average year to date figure of 2.13mbpd as at June 2013.”
She said: “In a fortnight, repair works on the Nembe Creek Trunk Line (NCTL), which has a daily capacity of 150,000bpd, is expected to be fully completed, on completion, daily average crude oil production is expected to increase to 2.50mbpd which will exceed the national daily target of 2.48mbpd.”
She also added that efforts exerted by the federal government through the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, to stem the tide of oil theft and pipeline vandalism were yielding positive results, contrary to the perception that the oil and gas industry is heading for extinction as a result of crude oil theft.
Source: Citizens Platform
Your Opinion Counts. Be sure To Leave A Comment, If You Have Any.
Please Like, Share or Tweet. Your Support Is Appreciated.