Nigeria’s crude oil production rose to 1.41 million barrels per day in December, from 1.31 million bpd in November 2023, an OPEC survey, which cites secondary data sources, said.
However, according to the oil cartel’s direct communication data, Nigeria’s crude oil production rose to 1.33 million barrels per day in December from 1.25 million in November 2023.
OPEC indicated it gets its crude oil production figures mainly from two sources, either as direct communication by member countries or by information released by secondary energy intelligence platforms.
Nigeria’s December crude production was 100,000 barrels higher than its November production figure as the country continues to recover from a heavily disrupted crude sector plagued by oil theft and pipeline vandalism.
Over the years, crude theft and pipeline vandalism and its negative impact on the country’s economy have been a source of concern to the Nigerian government.
In a bid to curb crude theft, the Nigerian National Petroleum Company Limited (NNPC Ltd) launched an application in August 2022 to monitor the incidence of theft and vandalism.
The NNPC Ltd also awarded a multibillion naira pipeline surveillance procurement to a former leader of the Movement for the Emancipation of Niger Delta, Government Ekpemupolo.
The Nigerian government had in October last year announced it would target 2 million barrels per day (bdp) of crude oil production by the end of the year.
Stay ahead with the latest updates! Join The ConclaveNG on WhatsApp and Telegram for real-time news alerts, breaking stories, and exclusive content delivered straight to your phone. Don’t miss a headline — subscribe now!
