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‘crude Oil Production May Hit 2.3mbpd In Two Weeks - Politics - Nairaland

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‘crude Oil Production May Hit 2.3mbpd In Two Weeks by Islie: 8:17pm On Jun 26, 2016
•Operators’ resilience keeping production level at 1.9mbpd

Chineme Okafor in Abuja

Nigeria may in the next tolume crude oil it produces and pumps every day from her oil fields to 2.3 million barrels (mb), a reliable official source in state oil company, the Nigerian National Petroleum Corporation (NNPC) told THISDAY yesterday.

The source who spoke on the condition that his name would not be disclosed in this report, explained that the back channel overtures initiated by Minister of State for Petroleum Resources, Dr. Ibe Kachikwu to halt bombing of oil facilities and disruptions in production by militants in the Niger Delta were already yielding results.

He said, based largely on the resilience of operators in the country’s oil fields, repair of vandalised facilities have been largely completed and production resumed.

Although the source did not list which of the oil facilities had been repaired and from which the increase in volume was achieved, THISDAY learnt it may include Eja OML79 run by Royal Dutch Nigeria subsidiary, Shell Petroleum Development Corporation (SPDC) where production of 90,000 barrels is achieved every day; Obi Obi Brass trunk line belonging to Agip ENI in Bayelsa State; Nembe 1, 2 and 3 Brass to Bonny Trunk Line belonging to Agip and Shell; as well as Chevron’s Makaraba line on the offshore Okan manifold amongst its other facilities at Abiteye, Utunana and Makaraba platforms in Warri South-west area of Delta State.

According to him, operators are already ramping up their production levels and could within the second week of July hit 2.3mbpd, perhaps some few weeks ahead of Kachikwu’s earlier projection of August as a cut-off date to restore Nigeria’s production to about 2.2mbpd.

Kachikwu had last month said he hoped to in his dialogue with militants in the Delta, end the destruction of facilities; restore production and ramp up the countries volumes to insulate the 2016 budget from taking a bashing from low revenue from oil.

The country had indexed its 2016 budget on price level of $38/b for oil. Currently, oil prices averaged $47/b on news of Britain’s decision to exit from the European Union after its Thursday referendum.

“Largely on the back of resilience of the operators; the speed with which they fixed those pipelines and come back into business and restore production levels and start to ramp them up to try and compensate, these resulted in that,” said the source when asked about how the country seemingly maintained a healthy production level despite attacks that had left operations uncertain since February.

He further stated: “We are already just a little below 1.9mbpd and hopefully in another week or two we should be ramping up to about 2.3mbpd which is what the minister shared in the conference at the Transcorp.”

Kachikwu, it was learnt, had spoken to lawyers in Abuja on this when he attended a session organised by the Nigeria Bar Association (NBA).

“So, it is just the efforts and ruggedness of the operators to restore facilities that were disabled quickly and at a very shortest possible time to increase production to normal level and even above to compensate for the losses. Even the pipelines that were running through the creeks and swamps as well as the shallow end of the waterways have been restored,” he added.

He however said the about 6mbd Forcados export terminal was still being repaired.
“Forcados is still a challenge and it is being worked on but we will get there. We are recovering and the engagement with the Niger Delta group that the minister is championing is also helping to maintain peace to allow the operators restore capacity,” the source said.

http://www.thisdaylive.com/index.php/2016/06/26/crude-oil-production-may-hit-2-3mbpd-in-two-weeks/

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Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by Breadmaker: 8:21pm On Jun 26, 2016
AMEN

6 Likes

Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by mrvitalis(m): 8:25pm On Jun 26, 2016
Thank GOd... And anyone who is not happy with this news. ... U are an enemy of the state and deserve death

79 Likes 2 Shares

Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by Sealeddeal(m): 8:25pm On Jun 26, 2016
Without restructuring Nigeria, Kachikwu's approach will be a waste of effort.

26 Likes 2 Shares

Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by dre11(m): 8:27pm On Jun 26, 2016
I just hope those destroyer (rouges) called Avengers will allow it come to pass.




because we need to tap into the oil market when the crude oil prices is still high

6 Likes

Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by kayfra: 8:32pm On Jun 26, 2016
What about gas supply?

5 Likes

Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by modath(f): 8:35pm On Jun 26, 2016
Some people go cry densef to sleep tonight.. smiley







No resting , no uhuru yet, diversification plans in the short term, fiscal federalism/ regionalism long term still remains the way forward..

35 Likes 1 Share

Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by kozmokaz(m): 8:50pm On Jun 26, 2016
2.3 kini

if more pipelines no blow bfr Wednesday ...mk I know wetting cause am

5 Likes 1 Share

Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by babyfaceafrica: 8:50pm On Jun 26, 2016
Ipod yoots and their brodas NDA will be sad..hope the won't blow pipelines again?

6 Likes

Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by Sweetguy25: 8:58pm On Jun 26, 2016
Doesn't change the fact that there is now uncertainty over the security of pipelines.

3 Likes

Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by Izonpikin: 9:01pm On Jun 26, 2016
cool.....
Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by Flexherbal(m): 9:43pm On Jun 26, 2016
Should we say his dialogue with the militants is yielding result?

1 Like

Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by richidinho(m): 9:43pm On Jun 26, 2016
mrvitalis:
Thank GOd... And anyone who is not happy with this news. ... U are an enemy of the state and deserve death

Do you know why? Dialogue

Assuming Amaechi is the petroleum minister

3 Likes

Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by Adesiji77: 9:43pm On Jun 26, 2016
Nice if realized...
Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by ALAYORMII: 9:45pm On Jun 26, 2016
Can we just get off this oil dependence and go farming and other things



A lecturer of mine once said (jokingly) that Nigeria is so blessed that if you put a seed in ur armpit it will germinate


Can't we explore other mineral resources


Crude oil has been more curse to Nigeria than a blessing cos before the advent of oil we were doing better than now

8 Likes

Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by SafeDavid(m): 9:45pm On Jun 26, 2016
Some good news.
Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by arsenal33: 9:45pm On Jun 26, 2016
Sealeddeal:
Without restructuring Nigeria, Kachikwu's approach will be a waste of effort.
why don't you go and get a job

9 Likes 1 Share

Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by Nobody: 9:45pm On Jun 26, 2016
Sealeddeal:
Without restructuring Nigeria, Kachikwu's approach will be a waste of effort.
hahahahahaha

1 Like 1 Share

Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by omolola15(m): 9:46pm On Jun 26, 2016
Ok
Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by arsenal33: 9:46pm On Jun 26, 2016
ALAYORMII:
Can we just get off this oil dependence and go farming and other things
it doesn't happen overnight

5 Likes

Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by fulanimafia: 9:47pm On Jun 26, 2016
The sooner we begin to channel the revenue from this forecasted spike in production into diversification of the economy, the better.

Nigeria is too great to be blackmailed by lazy ogogoro soaked bomb-and-run terrorists.

3 Likes 2 Shares

Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by Nobody: 9:47pm On Jun 26, 2016
Not sure that this report was issued in good faith. It's almost like an Invitation to trouble. I think someone is stirring the pot.

God save Nigeria from its enemies, known and secret.

9 Likes 1 Share

Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by MVLOX(m): 9:48pm On Jun 26, 2016
Dem dey bomb odas dey repair......
Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by KnightsTemplar(m): 9:49pm On Jun 26, 2016
Have they settled the Avengers. Fashola, when are you ramping up our MegaWatt....

4 Likes

Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by Willful: 9:49pm On Jun 26, 2016
Will it hit and stay or hit and run?
Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by davodyguy: 9:49pm On Jun 26, 2016
Some once said couple of days ago, that its takes about 2-3 days to fix a damaged crude pipeline, but the children of hate and that of self distruct didn't believe him. They hailing the criminals avengers, who thought they could really shut down Nigerians oil export to Zero. Even under obj, Nigeria successfully did 1.6-1,7mbpd, despite kidnappings and vandalism.

The pipelines are similar to how you fix you damaged water pipes at home,

Steps involved

Shut down supply through the pipe affected.
Get welders and welding machines to that spot.
Replace damaged portions, weld back, paint if need be and hours after, test if there's no more lick. If this' confirmed, you resume normal production.

Repairs can be done in hours, depending on the extent of damage

9 Likes 1 Share

Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by mccoy47(m): 9:50pm On Jun 26, 2016
Ok. So wat about our light?
Abi All power belongs to God?

11 Likes

Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by davodyguy: 9:52pm On Jun 26, 2016
babyfaceafrica:
Ipod yoots and their brodas NDA will be sad..hope the won't blow pipelines again?

To hell with any person, group or sect that delights only in bad news and want Nigeria to fail. WTH is wrong with them?

Jonathan was given the opportunity to lead by almost all Nigerians in 2011, but he failed after 4 years? I supported Jonathan wholeheartedly in 2011 and after failing, I campaigned against him in 2015, without any regret.

I will criticize buhari only after 3 years. Jonathan way the president of Nigeria from May, 10th 2010 after Year adua died and by 2014, we were tired of him. Bihari has 2 more years to convince us if he would be swept away or not.

As for the avengers, they can suck their poo for all I care.
The NA are still treating them with kid gloves cos its obvious that their criminal activities is not really affecting the economy as much as they wanted Nigerians to believe.

So fools couple weeks back said we are exporting 600k BPD, and kachkwu said it was 1.3m, they said the guy was lying. Few days ago, Vanguard news, the iPod report said we did 1.8m in May, 2016. This day is here to corroborate the story. Its a fact verifiable only, as there are records for every OPEC member states export quota.

Long Live Buhari
Long Live Osinbajo
Long Live well meaning Nigerians.
For ever live Nigeria as a country
Short live for all those who wish eveil for Nigeria and Nigerians.

26 Likes 3 Shares

Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by StepTwo: 9:52pm On Jun 26, 2016
while this is on, i hope the Nigerian Government doesnt go back to its sit forgetting ther's still that fire under the chair.

Kachukwu seems to be the only minister in Buhari's cabinet that knows what he is doing.

thumps up to him.

5 Likes 1 Share

Re: ‘crude Oil Production May Hit 2.3mbpd In Two Weeks by Nobody: 9:53pm On Jun 26, 2016
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