Operators May Generate N4.37trn From Marginal Oil Fields   Operators of the new marginal oil fields are expected to earn significant revenue from the fields. Proposed crude oil exploration from 57 marginal oil fields is expected to boost Nigeria’s oil production by at least 8.835 million barrels...

Oil Drops Below $100, Nigeria’s Production Now 1.158mb/d   Brent, the international benchmark for crude, fell below $100 per barrel on Tuesday as the latest figures released by the Organisation of Petroleum Exporting Countries showed an increase in Nigeria’s oil production from 1.024 million barrels per...

OPEC: Nigeria Loses N1.22tn To Deficit Oil Production The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria lost about 22.658 million barrels of crude oil valued at N1.22tn in the first quarter of 2022. Economic Confidential reports that OPEC made this known in a series of...

'Nigeria’s Oil Production Crashed By 744,000 Barrels In March'   Nigeria’s crude oil production crashed by 744,000 barrels in March 2021 when compared to what the country produced in the preceding month of April, figures released on Tuesday by the Organisation of Petroleum Exporting Countries (OPEC)...

Nigeria’s Oil Production Increases By 2.55m Barrels – OPEC   Crude oil production in Nigeria increased by about 2.55 million barrels in the month of November 2021, the Organisation of Petroleum Exporting Countries announced on Tuesday. According to OPEC, the country’s crude oil production rose by 85,000...

November Oil Production Increases To 1.44m Daily – Report     In a related development, Nigeria, Africa’s largest oil producer, produced 1.44 million barrels per day in November, a rise of 70,000 bpd from the previous month, as output from Bonny Light and Erha fields rebounded, according...