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FG Identifies New Fields For 681,000bpd Oil Production
Published
2 years agoon
By
Editor
The Federal Government has identified new oil fields capable of delivering about 681,000 barrels of crude oil per day and 1.52 billion standard cubic feet of gas daily.
It disclosed this in a new document put together by the Nigerian Upstream Petroleum Regulatory Commission titled “Nigerian Upstream Petroleum Sector: Value Optimisation, Energy Transition and Regulatory Perspectives.”
In the document, obtained by our correspondent in Abuja, the Chief Executive of NUPRC, Gbenga Komolafe, explained that incremental volumes of crude were expected from new wells and well re-entry.
He said, “We have also completed the 2020 Marginal Field Bid Round and issued 50 Petroleum Prospecting Licenses to deserving awardees. It is expected that with the existing discoveries in the awarded fields, an early Field Development Plan would be pursued by the awardees leading to incremental oil and gas production.
READ ALSO: NNPCL Vows To Stop Oil Theft As Production Rises Above 1.6m Barrels Per Day
“The commission is facilitating timely approvals for expedited re-entry and early production. The estimated incremental production from the awarded fields is approximately 58,000bpd and 87mmscf/d.
“In the short/medium term, we expect an estimated incremental volume of 461,000bpd and 565mmscf/d from new wells and well re-entry. In the long term, we expect an estimated incremental volume of 162,000bpd and 868mmscf/d from FDPs, which have been approved and are at various stages of execution.”
Komolafe further noted that the implementation of Host Community Provisions under Section 235 of the Petroleum Industry Act 2021 saddled the commission with the responsibility of ensuring conducive and peaceful relationships among stakeholders within the host communities.
This, he said, would be done through the implementation of the Host Communities Development Trust.
“The commission, in collaboration with the relevant stakeholders, has developed templates and gazetted regulations, which include that of the Host Community Development Trust.
“The essence of the HCDT is to integrate oil-bearing communities into the value chain and effectively cater for the development needs of impacted communities, thus positively curbing restiveness in such communities and offering an enabling environment for operators to thrive.
“This is expected to guarantee seamless operation, boost investor confidence, and provide an enabling environment for sustainable development of the country’s hydrocarbon resources,” Komolafe stated.
He added that the NUPRC was happy to disclose that over 60 Host Community Development Trusts had been approved by the commission.
“This is indeed a milestone in the implementation of the PIA, 2021,” he stated.
The Federal Government and its agencies have been making efforts to grow the country’s crude oil output in a bid to meet the 1.8 million barrels per day quota approved for Nigeria by the Organisation of Petroleum Exporting Countries.
On Monday, for instance, the Nigerian National Petroleum Company Limited said the country’s oil production had increased to 1.6 million barrels per day, a few million short of the 1.8mbpd quota allocated to Nigeria by OPEC.
READ ALSO: Nigeria’s Daily Oil Production Rises To 1.235 Million Barrels
NNPCL’s Group Chief Executive, Mele Kyari, who revealed this at a meeting of industry stakeholders in Abuja, also stated that the rectangular security approach ensured the recovery of production from what it was in July 2022 to the current 1.67 million barrels per day.
Kyari, who was represented by the Head of Upstream Investment, NNPCL, Bala Wunti, at the event, said the implementation of the Detect, Deter, Destroy and Recover policy had paid off.
Other strategies that were deployed include the establishment of the Central Command and Control Centre for effective monitoring and coordination, the launch of the Whistle-Blowers Portal and the Crude Oil Validation Portal, as well as the deployment of surveillance tools in the fight against oil theft and vandalism.
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News
NiMet Forecasts Three-day Thunderstorms, Rain From Wednesday
Published
7 hours agoon
June 11, 2025By
Editor
The Nigerian Meteorological Agency has predicted thunderstorms and rain from Wednesday to Friday across the country.
NiMet’s weather outlook released on Tuesday in Abuja envisaged early morning thunderstorms on Wednesday over parts of Taraba,
Kaduna and Adamawa in the northern region.
It anticipated thunderstorms with rain over parts of Kebbi, Taraba, Zamfara, Katsina, Kaduna, Kano, Sokoto, Gombe and Bauchi states later in the day.
According to it, early morning thunderstorms are expected over parts of Benue, Kwara, Niger, the Federal Capital Territory and Nasarawa States in the North central region.
“Later in the day, thunderstorms with rains are anticipated over parts of the Federal Capital Territory, Niger, Nasarawa, Kwara, Kogi and Plateau states.
READ ALSO: NiMet Forecasts 3-day Sunshine, Cloudiness In Some States Starting Sunday
“In the southern region, a cloudy atmosphere is expected with chances of morning rain over parts of Ondo, Ekiti and Edo states.
“Later in the day, isolated thunderstorms with rain are anticipated over parts of Imo, Enugu, Abia, Ebonyi, Anambra, Ondo, Oyo, Ogun, Ekiti, Edo, Delta, Cross River, Akwa Ibom, Bayelsa and Rivers during the afternoon or evening hours,” it said
NiMet envisaged prospects of morning thunderstorms on Thursday over parts of Kaduna, Kebbi, Zamfara, Adamawa and Taraba in the northern region.
“Later in the day, thunderstorms with rain are anticipated over parts of Taraba, Adamawa, Kebbi, Kaduna, Zamfara, Kano, Gombe and Bauchi states.
READ ALSO: NiMet Predicts 3-day Rains, Thunderstorms Across Nigeria From Sunday
“In the North-central region, patches of clouds with sunshine intervals are expected with prospects of early morning thunderstorms to affect parts of Niger, Nasarawa, Benue and the Federal Capital Territory.
“Later in the day, thunderstorms with rain are anticipated over parts of the Federal Capital Territory, Niger, Nasarawa, Kwara, Kogi, Benue and Plateau states,” it said.
According to NiMet, morning thunderstorms are expected over parts of Rivers, Bayelsa, Akwa Ibom and Cross River states in the southern region.
It envisaged isolated thunderstorms with rain over most parts of Imo, Enugu, Abia, Ebonyi, Anambra, Imo, Ondo, Oyo, Ogun, Ekiti, Edo, Lagos, Cross River, Akwa Ibom, Delta, Bayelsa and Rivers states later in the day.
“On Friday, prospects of morning thunderstorms are expected over parts of Jigawa, Gombe, Bauchi, Adamawa and Taraba in the northern region.
READ ALSO:NiMet Predicts Three-day Haziness, Thunderstorms From Tuesday
“Later in the day, thunderstorms with rains are anticipated over parts of Taraba, Adamawa, Kano, Kaduna and Bauchi states.
“In the North-central region, patches of clouds with sunshine intervals are expected with prospects of thunderstorms with rain over parts of the Federal Capital Territory, Nasarawa, Kwara and Niger,” it said.
NiMet forecast thunderstorms over parts of Kwara, Benue and Kogi in the afternoon or evening hours.
According to it, cloudy atmosphere is expected in the southern region with chances of morning rain over parts of Oyo, Enugu, Imo, Ebonyi, Akwa Ibom and Cross River.
It predicted isolated thunderstorms with rain over most parts of the region later in the day.
“Strong winds may precede the rains in areas where thunderstorms are likely to occur. The public should take adequate precautions and ensure that loose objects are fastened to avoid collision.
“Driving under heavy rain should be avoided. Disconnect electrical appliances from electrical sockets.
“Stay away from tall trees to avoid impact from falling branches and broken trees.
“Airline operators are advised to get airport-specific weather reports (flight documentation) from NiMet for effective planning in their operations.
“Residents are advised to stay informed through weather updates from NiMet. Visit our website www.nimet.gov.ng,” it said.
NAN
News
Democracy Day: Gov. Mohammed Advocates Unity, Good Governance
Published
7 hours agoon
June 11, 2025By
Editor
News
Edo Deputy Governor, Idahosa Preaches Unity As Honour For Martyrs Of June 12
Published
8 hours agoon
June 11, 2025By
Editor
The deputy governor of Edo State, Hon. Dennis Idahosa, has said that Nigerians must continue to fight for a united and indivisible nation as a mark of honour for those who fought for the country’s democracy.
In a statement by the Chief Press Secretary to the deputy governor, Mr Friday Aghedo, the former federal lawmaker, noted that despite the challenges confronting Nigeria, “there is no alternative to democratic governance.”
“Today, we celebrate not just a date, but a journey; our collective commitment to freedom, justice, and the right of every Nigerian to have a voice.
“June 12th reminds us of the resilience of our people, the sacrifices made for democratic rule, and the unyielding hope we hold for a better and united Nigeria.
READ ALSO: Democracy Day: FG Declares June 12 Public Holiday
“As we mark this important day, let us honor the memory of those who stood for truth, uphold the values of transparency and accountability, and continue to build a nation where every citizen can thrive,” he stated.
Idahosa said that the Governor Monday Okpebholo leadership underscores the power of democracy to bring about meaningful change.
He said that the administration remained committed to transformative governance with it’s SHINE mantra.
This was just as the deputy governor noted that the people’s collaborative efforts were needed to foster a more effective and responsive democracy.
According to him, “As we commemorate this day, let us renew our commitment to supporting leaders who prioritize the welfare of the people.
“Democracy is not a destination, it is a continuous process. Together, let’s build Edo of our dreams.”
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