production

Crude oil production hits 20-month high of 1.57mbpd 

According to the latest monthly report from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria’s average oil production hit a 20-month high in September reaching 1.57mbpd. The report indicated that crude oil output (including condensate) rose by 11.1 percent from…

FG to raise oil production to 4mbpd through PIA

… Act to boost oil reserves from 37bbpd to 40bbpd The Petroleum Industry Act (PIA) will assist Nigeria in increasing its oil production to 4 million barrels per day, the Minister of State for Petroleum Resources, Timipre Sylva, has said.…