Nigeria may earn more revenue from the oil and gas sector as the Nigerian National Petroleum Company Ltd, in collaboration with stakeholders in the sector, has raised crude oil production to 1.8 million barrels per day.

The achievement was announced on Thursday during a meeting held at the Oil Production War Room at the NNPC Headquarters in Abuja.

The meeting presided over by the Minister of State for Petroleum Resources (Oil) Heineken Lokpobiri was attended by the Chairman of the NNPC Ltd Board, Chief Pius Akinyelure; the Group Chief Executive of NNPC Ltd, Mele Kyari, the Chief Financial Officer, Mr Adedapo Segun, the Executive Vice President, Downstream, Mr Isiyaku Abdullahi, the Executive Vice President Upstream, Udobong Ntia, and
the Chief Upstream Investment Officer of NNPC Upstream Investment Management Services (NUIMS), Mr. Bala Wunti, among others.

Lokpobiri described the feat as remarkable as NNPC Ltd has demonstrated that it has the potential to achieve and even surpass the two million barrels per day crude oil production target for December this year.

He said, “Today we are grateful that we have crossed a line of 1.8 million barrels per day, and also crossed 7.4 BCF of gas, this is our agenda. Today, the entire team is fully aligned and committed to delivering greater value, and we’re committed to delivering two million barrels by the end of the year.

“This is possible. This is achievable. I’m a very proud minister. We can do it again. On behalf of the Ministry of Petroleum Resources, on behalf of the federal government of Nigeria, let me formally congratulate the Chairman, board members, and the management of NNPC for navigating this process.”

In his remarks, the NNPC Board Chairman said this is just the beginning of a greater feat to be achieved by the NNPC Ltd.

He urged the management and staff members of the NNPC not to relent as more needed to be done to surpass the expectations of the shareholders of the company.
“This is just the beginning, we want to see more landmark accomplishments,” he added.

More to come…