Business
Task Force: NNPCL and IOCs Need to Achieve 2.2 MBPD Oil Production
The Nigerian National Petroleum Company Limited and the International Oil Companies have been urged to boost production in order to fulfill the federal government’s target of 2.2 million barrels per day by the Joint Task Force South-South, Operation Delta Safe (OPDS).
Major Kayode Owolabi, Coordinator of the OPDS Joint Media Campaign Center, made the statement on Sunday while providing updates on the Niger Delta’s security and production of crude oil.
According to Owolabi, the action was taken in response to a July 17, 2024, order from General Christopher Musa, the Chief of Defense Staff, to prohibit the theft of crude oil.
He claims that in order to achieve a 100% flow and a daily crude oil output of about 1.7 million barrels per day (bpd), the OPDS Commander, Rear Admiral John Okeke, has since put in place a number of significant measures. These measures have added up in the terminal factors on major pipelines, namely the Trans Niger Pipeline (TNP), Trans Escravos Pipeline (TEP), and Trans Ramos Pipeline (TRP).
He acknowledged that there had been some vandalism occurrences, but this indicated that IOCs are still running at full capacity.
Based on the aforementioned assumption, Okeke called on domestic and foreign oil corporations to increase output and make full use of pipeline capacity.
The NNPCL must assess the country’s capacity to produce 2.2 million barrels per day if pipelines are already operating at maximum capacity. Long-term initiatives should concentrate on increasing production capacity.
It will be remembered that on July 17, General Christopher Musa, the Chief of Defence Staff, set a two-week deadline for improving the security situation in the Niger Delta Region in order to increase crude oil production. This deadline was communicated to heads of security agencies as well as Zonal and Divisional military commanders.
“We increased our oil production to 1.61 million barrels per day last month, and our gas assets are receiving the attention they deserve,” stated Tinubu.
Because to crude oil theft in states that produce oil, particularly in the Niger Delta, Nigeria’s production of crude oil has been declining.
