Nigeria’s Oil Production Hits 1.7m bpd – JTF
The Joint Task Force South-South, Operation Delta Safe (OPDS), says Nigeria’s crude oil production has hit 1.7m barrels per day (bpd) and also re-echoed its commitment to securing the pipelines.
This came in a statement by the Coordinator (OPDS) Joint Media Campaign Centre Major Kayode Owolabi.
He disclosed that following a directive from the Chief of Defence Staff General Christopher Musa to end crude oil theft, OPDS Commander Rear Admiral John Okeke implemented several key measures starting from 18 July 2024.
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His statement revealed that the terminal factors on major pipelines—Trans Niger Pipeline (TNP), Trans Escravos Pipeline (TEP), and Trans Ramos Pipeline (TRP)—have achieved 100 percent flow, with daily crude oil output reaching approximately 1.7 million barrels per day (bpd). This indicates that international oil companies (IOCs) are operating at full capacity, although there have been some incidents of vandalism.
However, he highlighted the need for the Nigerian National Petroleum Company Limited (NNPCL) and IOCs to increase production to meet the target of 2.2 million bpd.
The development comes at the same time President Bola Tinubu said the oil and gas industry is experiencing resurgence.
“Our once-declining oil and gas industry is experiencing resurgence on the back of the reforms I announced in May 2024,” Tinubu said in a nationwide broadcast on Sunday.
“Last month, we increased our oil production to 1.61 million barrels per day, and our gas assets are receiving the attention they deserve.”
This, Major Owolabi, says is a testament to an improvement in oil activities.
