NPDC’s Production Hits 170,000 bpd

The Nigerian Petroleum
Development Company (NPDC), the exploration and production subsidiary of the Nigerian National Petroleum Corporation (NNPC), has increased its oil production from 140,000 barrels per day (bpd) to 170,000 bpd.
NNPC Group Managing Director, Andrew Yakubu said NPDC also produces over 570 million standard cubic feet per day (mmscf/d) of natural gas, which makes it the fifth largest crude producing company in the country.
He said: “As of today, NPDC is proudly the fifth largest producer of crude oil as well as the leading gas supplier in the country. Its production increased from 70,000 bpd when we came in to over 170,000 bpd and with reserves of over 2.1 million barrels. Similarly, NPDC has significantly increased its gas contribution to the domestic market to over 570 million standard cubic feet per day (mmscf/d).”
The Managing Director of NPDC, Victor Briggs, told reporters in February while unveiling the company’s programmes and targets that it was producing 140,000 bpd and intended to increase it to 300,000 bpd by 2018, while gas production will rise to 900 million standard cubic feet per day in the same period.