Nigeria’s average daily crude oil production grew slightly in November 2022, reaching 1.41 million barrels.
This is following information from the Nigerian Upstream Petroleum Regulatory Commission that was made public yesterday and viewed by Nairametrics.
The data, which is displayed on the commission’s website, reveals that crude oil quantities for November 2022 were 1,185,604, with blended condensates at 40,691 and unblended condensates at 187,799, for a total volume of 1,414,093.
Meanwhile, the volume of crude oil for October 2022, was 1,014,485, the volume of blended condensates was 28,232, and the volume of unblended condensates was 187,655, totaling 1,230,372 barrels per day.
The NUPRC data further reveals Nigeria’s potential to produce crude oil is rising, albeit slowly. And this may be a result of the government’s attempts to stop oil theft.
Earlier this week, news anchors on Arise TV were briefed by the Chief Upstream Investment Officer at the NNPC Upstream Investment Management Services, Bala Wunti, on the offensive the Nigerian National Petroleum Company Limited and security personnel are launching against those responsible for crude oil theft. Some of these offenders, according to him, are already being prosecuted in court.
He stated that out of the 763 illicit refineries, 638 have been successfully eliminated by the NNPC and its security partners.
Wunti claimed that although work is still being done to find new illegal refineries, 70% of illegal refineries have already been rendered inoperable. On December 6, during the 11th Practical Nigerian Content Forum, Bala Wunti said that Nigeria was producing 1.59 million barrels of oil per day as of that day.
The National Bureau of Statistics also revealed statistics from the Foreign Trade report in December 2022 showing that the NNPC earned N16 trillion between January and September 2022 but did not send any to the federation account.
