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Nairaland Forum / Nairaland / General / Politics / State-owned NPDC Now Nigeria’s Fifth Largest Oil Producer – Official (976 Views)
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State-owned NPDC Now Nigeria’s Fifth Largest Oil Producer – Official by Blue3k(m): 6:23pm On Sep 27, 2017 |
The Nigerian National Petroleum Corporation, NNPC, on Monday named its upstream oil exploration and production subsidiary, the Nigerian Petroleum Development Company, NPDC, as the fifth largest oil producer in Nigeria. Source: https://www.premiumtimesng.com/business/business-news/244165-state-owned-npdc-now-nigerias-fifth-largest-oil-producer-official.html Front Page: Lalasticlala 1 Like 1 Share |
Re: State-owned NPDC Now Nigeria’s Fifth Largest Oil Producer – Official by Wristler: 6:25pm On Sep 27, 2017 |
I still can't bring myself to predict how the crude oil market will look like come 2020 and beyond. The fact that Dangote is still pumping money into his mega refinery is my only optimism in a world where crude oil price is falling, crude oil output is increasing and crude oil dependence is dwindling. |
Re: State-owned NPDC Now Nigeria’s Fifth Largest Oil Producer – Official by GavelSlam: 6:32pm On Sep 27, 2017 |
Wait for it... |
Re: State-owned NPDC Now Nigeria’s Fifth Largest Oil Producer – Official by Blue3k(m): 6:36pm On Sep 27, 2017 |
These are some pretty impressive stats NPDC has. Even then the multinationals doing bulk of oil production. They are best at gas production which very impressive. 1 Like 1 Share |
Re: State-owned NPDC Now Nigeria’s Fifth Largest Oil Producer – Official by Desyner: 6:47pm On Sep 27, 2017 |
Seems Buhar's body language is still passing message across afterall. 1 Like 1 Share |
Re: State-owned NPDC Now Nigeria’s Fifth Largest Oil Producer – Official by buJu234: 8:01pm On Sep 27, 2017 |
Blue3k: @op, Hope u knw dat u 're lying, cos u can fool others not insider like me ok.. So u guy drilled those uneconomical wells in OML 26 and u 're here making noise, after u almost bankrupt OML 30 now u guys re in OML 42 doing wat best u guys know how to do best which is awarding contracts at outrageous costs plus poor performance .. Come op. just mind urself b4 I open una worms in the public.. 1 Like |
Re: State-owned NPDC Now Nigeria’s Fifth Largest Oil Producer – Official by Blue3k(m): 8:16pm On Sep 27, 2017 |
buJu234: Lol OK insider what ever you say. Btw Mr insider if you can't tell I didn't say anything its the NPDC that did. Do you have proof to back your claims or we just supposed to trust you? Take reading lessons guy. 1 Like 1 Share |
Re: State-owned NPDC Now Nigeria’s Fifth Largest Oil Producer – Official by buJu234: 8:18pm On Sep 27, 2017 |
Blue3k: By u posted it here without verification, plx don't b like those brown envelope bloggers ok.. Lol.. gudnite |
Re: State-owned NPDC Now Nigeria’s Fifth Largest Oil Producer – Official by Blue3k(m): 8:22pm On Sep 27, 2017 |
buJu234: Lol your just rambling now. It's on NPDC website and premiumtimes is source. Again take reading lessons "Mr insider." Why should we trust your word on this? You're suffering from delusions of grandeur it seems. If you really are an insider go report this to premium times with your proof. The MD went further to explain that when NPDC took over OML 26 from the previous operator, Shell Petroleum Development Company Limited (SPDC), production stood at 5,000 bbls of oil, but now, it has soared to 11,000 bbls and it is still soaring higher. 1 Like 1 Share |
Re: State-owned NPDC Now Nigeria’s Fifth Largest Oil Producer – Official by Nobody: 8:33pm On Sep 27, 2017 |
Wristler: The only thing you said here is related to crude oil prices. From time immemorial, the price of crude oil has always gone up and down. See random walk theory for more details on the "randomness of prices" in markets. OPEC is only here provide "constants". crude oil output is not increasing .. OPEC has a monopoly on crude output and it attempts to manipulate prices , even Russia .. plays ball with OPEC. The US oil fracking is not lucrative, all legacy oil companies own licences for fracking but a winding down or shutting down till further notice. see http://oilprice.com/Energy/Energy-General/Saudi-vs-Shale-The-Breakeven-Myth.html China the richest country in the world is rolling out an oil for gold or yuan programme. Oil producers might be able to exchange oil for gold/yuan. With every barrel of oil bought and sold outside the US, is traded in US dollars. The US dollar is only as strong as the amount of crude flowing from one country to anther. Alternative energy is expensive, the capitalist wont touch it, until the crude oil runs outs. With cheaper and more efficients methods of oil prospecting, drilling and extraction. Crude oil will last till the last drop of oil is found. Only a naive businessman will kill the golden goose to buy a pigeon. 2 Likes 1 Share |
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