Nigeria’s marginal oil fields contributed 3% of the country’s crude oil production during a 12-month period from July 2015 to June 2016, Vanguard reported.
Terminal data from the Nigerian National Petroleum Corporation (NNPC) stated that the marginal fields produced 22.51m barrels of crude oil in the period under review, compared to Nigeria’s total crude oil production of 748.68m barrels in the 12-month period, according to All Africa.
Furthermore, NNPC owned Nigerian Petroleum Development Company (NPDC) produced 37.62m barrels of crude oil, accounting for 5.02% of Nigeria’s total crude oil output. While, companies operating in the Production Sharing Contract segment recorded the highest crude oil output in the period under review, accounting for 43.9% of total crude oil production with 328.4m barrels of crude oil.
This comes as the NNPC has estimated that the country would increase its crude oil production by 200,000b/d during the first quarter of 2018. NNPC’s Managing Director, Maikanti Baru, stated that the boost in the country’s oil output will come from the commissioning of the Umbilical Flow-lines and Risers (UFR) for the Egina Deep Offshore Project, by Saipem Contracting Nigeria Limited, in Port-Harcourt.