The Shell Petroleum Development Company (SPDC) says it has grown its oil output to an average of 514,000 barrels per day (BPD) and developed the additional capacity to produce more.
Mr. Osagie Okunbor, the Chairman of Shell Companies in Nigeria disclosed the production data in the oil firm’s 2020 briefing notes made available to the Newsmen on Wednesday in Yenagoa.
According to the publication, SPDC achieved the feat in 2019 when its production rose more than 10 percent to 514,000 barrels of oil equivalent per day (boe/d) due to enhanced exploration and production activities.
On gas production, the SPDC stated it fed the domestic market and to the export market through the Nigeria Liquified Natural Gas (NLNG) plant, adding that it supplied approximately 50 percent of the NLNG plant capacity.
The company’s gas feed to the NLNG facility in Bonny Island in Rivers comes largely from the Gbaran-Ubie and Soku plants in Bayelsa and Rivers.
According to the publication, gas production from the Soku facility increased from 100 Million standard cubic feet per day (MMscf/d) in 2018 to 350MMScf/d in 2019.
The SPDC also stated that the improved oil output was due to the addition of 106 producing wells within its oil blocks in the Niger Delta.
The oil firm said that within the period under review, the Trans Ramos Pipeline which conveyed crude to its Focados oil export terminal was re-opened.
It said that the Gbaran-Ubie gas plant in Yenagoa achieved peak production with 175,000 barrels of oil equivalent per day.
SPDC said it had the largest oil production asset in the country and operated a leased area of 31,000 square kilometers from which it produced while working to increase capability by investing in exploration and production activities.
“The SPDC JV’s assets include 340 producing oil wells consisting of 97 land, 181 west and 62 central assets, 56 producing gas wells (10 lands, three west and 43 central assets). A network of approximately 4,000 km of oil and gas pipelines and flow lines.
“The assets include 10 gas plants, two major oil export terminals, Bonny and Focados and an additional export facility shallow water Floating Production Storage and Offloading Vessel christened `Sea Eagle’ currently stationed off Bayelsa coastline, One power plant,” the publication said.
PHOTOS: Seyi Law’s wife missing in daughter’s birthday shoot
Nigeria records no COVID-19-related death in 24-hours, as cases reach 58,647
Omotola’s son, Captain E speaks on relationship with her
Release UNIUYO, UNIJOS, others take-off grants, Reps tell FG
Kano govt institutes 10-man panel on Almajarai feeding, uniform
Court dismisses El-Zakzaky’s no case submission application
B’Haram gov: Court rejects Mailafia opposition to police invitation
Niger vows to punish LG chairmen for public, bloody fight
Popular showbiz duo, Obi Cubana, Cubana Chief Priest part ways
Ex-convict, 50, caught raping four-year-old girl in Bauchi mosque (Photos/Video)
Lady who has never been to UK wakes up from coma with British accent
Lagos community react to cemetery project, says we need schools, hospitals not a public graveyard
Rats terribly damage ABSU student’s property during lockdown
Mozambique bans cultured fish importation from Malawi
Just in: Oshiomhole, Bello, Ganduje, El-rufai on US Visa ban
Slay queen caught cheating two months to her wedding flogged mercilessly (Video)
VIDEO: Reviews of Obaseki’s victory, woman’s wedding anniversary with tree, missing girl
VIDEO: Olojo festival in Ife, Osun State
VIDEO: Victims recount horrors of Lagos gas explosion
VIDEO: I need a job to feed my family, pay rent – Nigerian legendary boxer, Jerry Okorodudu
VIDEO: Does Nigeria have the lowest price of petrol in Africa?
VIDEO: Gas explosion in Ajuwon, Lagos
Edo election: You win some, you lose some, but life goes on – Oshiomhole
Unstoppable: She lives in a wheelchair, draws with impaired hands but create beautiful pencil art (VIDEO)
- News20 hours ago
FG reacts as court fines Senator Abbo N50m over sex-toy shop assault
- Entertainment20 hours ago
‘You’ve never led protest like Fela’, Sowore tells Burna Boy
- Entertainment16 hours ago
Nigerians drag fans who bought land for Mercy Eke on 27th birthday
- Entertainment14 hours ago
I don’t trust Nigerian politicians- Burna Boy
- Entertainment20 hours ago
Mike Bamiloye’s daughter, Lawrence Oyor release pre-wedding photos
- News20 hours ago
FG declares October 1 public holiday
- Entertainment17 hours ago
$2m monthly spousal claim absurd, Dr Dre fires back at estranged wife
- Entertainment19 hours ago
LIRS tells Laycon to pay tax after winning BBNaija N85 million