Gas production declines by 3% in Nigeria in one year

The Nigeria’s fuel production witnessed any other setback, as the area recorded a marginal decline with the aid of three per cent to 3,004.06 Billion Cubic Feet (BCF) in one year

This development is coming as a terrible momentum to the Federal Government’s determination in improving the utilisation of fuel in the country.

According to records got from the Nigeria National Petroleum Corporation for the duration – November 2019 to November 2020 – a whole of 3,004.06 BCF of fuel used to be produced representing an average day by day production of 7,642.69 Million Standard Cubic Feet per Day (mmscfd) at some point of the period.

Period-to-date Production from Joint Ventures (JVs), Production Sharing Contracts (PSCs) and NPDC contributed about 67.29 per cent, 19.97 per cent and 12.74 per cent respectively to the total national gas production.Meanwhile, the file cited that fuel production in November 2020 additionally lowered by way of 3.86 per cent at 222.34BCF compared to the output in October 2020; translating to an common daily production of 7,411.52mmscfd.

Reacting to the production drop, NNPC spokesman, Kennie Obateru, said the drop is attributed to the nation’s adherence to the Organisation of Petroleum Exporting Countries, OPEC’s production quota system.

Reacting to the production drop, NNPC spokesman, Kennie Obateru, said the drop is attributed to the nation’s adherence to the Organisation of Petroleum Exporting Countries, OPEC’s production quota system.

“Nigeria was being accused of not adhering to OPEC quota system, but over time, we have paid back what we over-supplied, and as at last week, OPEC alluded to the fact that Nigeria has now fully complied.”