Upstream

The Nigerian National Petroleum Corporation, NNPC has said that strategic partnership and new investments in the upstream petroleum sector are essential for the actualization of the nation’s crude oil reserves and 3 million barrels per day oil production target by 2023.

Nigeria has restated its commitment to the production adjustments agreed upon under the Declaration of Cooperation (DOC) between member countries of the Organization of the Petroleum Exporting Countries (OPEC) and Non-OPEC countries at the last Ministerial meeting of what is known as OPEC plus held on July 2, 2019, in Vienna, Austria.

The Chairman and Managing Director of ExxonMobil companies in Nigeria, Mr. Paul McGrath has expressed confidence and optimism in the Nigerian Petroleum industry particularly the future of its business relationship with the Nigerian National Petroleum Corporation (NNPC) under the Mallam Mele Kyari-led Management team.

Nigeria has given a six-month contract extension for the 2008-built jack-up rig to Dubai-headquartered Shelf Drilling. The new extension is in direct continuation of the rig contract. The rig is operating offshore Nigeria Meanwhile, for the months of May, April and June Nigeria’s rig count has remained unchanged at 14. For the latest period,…

The Nigerian National Petroleum Corporation (NNPC) has revealed that it would resume the full-scale search for hydrocarbon deposits in the Chad basin, Gongola and Benue trough with the aid of the Nigerian military. This was revealed when the Group Managing Director (GMD) of the NNPC, Mele Kyari, led top management of the NNPC on a visit to the…

A subsidiary of Dangote Industries Conglomerate, WAEP, has refurbished part of the production facility on the Kalaekule field in Oil Mining Lease (OML) 72 in shallow offshore, Central Niger Delta Basin, off Nigeria. Together with its partner, NNPC, it is hoping to achieve some production by the end of 2019. “Everything points towards some output…

Oriental Energy Limited, (OERL), one of Nigeria’s leading marginal field operators has announced an oil discovery in two deep prospects that were identified during extensive subsurface studies in its offshore Ebok field.

During the visit of a delegate from ENI/Agip, the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, revealed that the Federal Government has plans to have the exploration and production arm of the NNPC to handle the assets yet to be renewed. The delegate, led by the executive vice-chairman,…

Oil major Shell has not concluded its negotiation with the Nigerian Government over the renewal of its Oil Mining Lease (OML) 11 license. This was revealed by the company’s Media Relations Manager, Bamidele Odugbesan, who, reacting to a story, noted that “OML 11 renewal discussions are still ongoing”. The Nigerian National Petroleum Company…

Former Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has expressed hope that if there is no distortion in plans and policies, Nigeria will be refining at least 900,000 barrels of oil per day in the next 10 years.