Nigeria’s state-owned oil company, NNPC, announced on Thursday a significant increase in oil production, reaching 1.8 million barrels per day.
The company aims to further elevate production to 2 million barrels per day by the end of the year.
This upward trend is a result of collaborative efforts between NNPC, its joint venture partners, production-sharing contract holders, security agencies, and the government.
NNPC CEO Mele Kyari attributed the production surge to the team’s dedicated work in driving production recovery and escalation.
Nigeria, Africa’s top crude exporter, has faced significant challenges in recent years due to crude theft, sabotage, and local unrest in the Niger Delta region.
These issues have hindered the country’s ability to maximize its oil production potential.
To address these challenges, NNPC established a “war room” in June to coordinate efforts among oil partners, government agencies, and private security personnel to combat crude theft.
Since then, several vessels involved in illegal oil activities have been destroyed, and numerous individuals involved in illegal refining have been apprehended.
Kyari emphasized the crucial role of rigorous pipeline monitoring by security agencies in conjunction with interventions across the entire production chain in achieving this production recovery.
