SPDC’s oil production hits 514,000 bpd – Report

September 17, 2020
71 Views

/* custom css */
.tdi_75_0ed.td-a-rec{ text-align: center; }.tdi_75_0ed .td-element-style{ z-index: -1; }.tdi_75_0ed.td-a-rec-img{ text-align: left; }.tdi_75_0ed.td-a-rec-img img{ margin: 0 auto 0 0; }@media (max-width: 767px) { .tdi_75_0ed.td-a-rec-img { text-align: center; } }
Advertisement  nnpc-may-2020

The Shell Petroleum Development Company (SPDC) says it has grown its oil output to an average of 514,000 barrels per day (bpd) and developed additional capacity to produce more.

Mr Osagie Okunbor, the Chairman of Shell Companies in Nigeria disclosed the production data in the oil firm’s 2020 briefing notes made available to the News Agency of Nigeria (NAN) on Wednesday in Yenagoa.

According to the publication, SPDC achieved the feat in 2019 when its production rose more than 10 per cent to 514,000 barrels of oil equivalent per day (boe/d) due to enhanced exploration and production activities.

On gas production, the SPDC stated it fed the domestic market and to the export market through the Nigeria Liquified Natural Gas (NLNG) plant, adding that it supplied approximately 50 per cent of the NLNG plant capacity.

/* custom css */
.tdi_74_f8a.td-a-rec{ text-align: center; }.tdi_74_f8a .td-element-style{ z-index: -1; }.tdi_74_f8a.td-a-rec-img{ text-align: left; }.tdi_74_f8a.td-a-rec-img img{ margin: 0 auto 0 0; }@media (max-width: 767px) { .tdi_74_f8a.td-a-rec-img { text-align: center; } }

The company’s gas feed to the NLNG facility in Bonny Island in Rivers comes largely from the Gbaran-Ubie and Soku plants in Bayelsa and Rivers.

According to the publication, gas production from Soku facility increased from 100 Million standard cubit feet per day (MMscf/d) in 2018 to 350MMScf/d in 2019.

The SPDC also stated that the improved oil output was due to addition of 106 producing wells within its oil blocks in the Niger Delta.

The oil firm said that within the period under review, the Trans Ramos Pipeline which conveyed crude to its Focados oil export terminal was re-opened.

It said that the Gbaran-Ubie gas plant in Yenagoa, achieved peak production with 175,000 barrels of oil equivalent per day.

SPDC said it had the largest oil production asset in the country and operated a leased area of 31,000 square kilometres from which it produced while working to increase capability by investing in exploration and production activities.

“The SPDC JV’s assets include 340 producing oil wells consisting 97 land, 181 west and 62 central assets, 56 producing gas wells (10 land, three west and 43 central assets). A network of approximately 4,000 km of oil and gas pipelines and flow lines.

“The assets include 10 gas plants, two major oil export terminals, Bonny and Focados and an additional export facility a shallow water Floating Production Storage and Offloading Vessel christened `Sea Eagle’ currently stationed off Bayelsa coastline, One power plant,” the publication said.

/* custom css */
.tdi_76_b5e.td-a-rec{ text-align: center; }.tdi_76_b5e .td-element-style{ z-index: -1; }.tdi_76_b5e.td-a-rec-img{ text-align: left; }.tdi_76_b5e.td-a-rec-img img{ margin: 0 auto 0 0; }@media (max-width: 767px) { .tdi_76_b5e.td-a-rec-img { text-align: center; } }
banner-2-scaled

You may be interested

Omicron: FG speaks on imposing travel ban after UK puts Nigeria on red list
News
7 views
News
7 views

Omicron: FG speaks on imposing travel ban after UK puts Nigeria on red list

Webby - December 6, 2021

The Federal Government has insisted there are no plans at the moment to restrict foreigners from travelling into Nigeria. The…

Shock as eight children found dead in parked car in Lagos
News
1 views
News
1 views

Shock as eight children found dead in parked car in Lagos

Webby - December 6, 2021

Nigerian Police say eight children were found dead in a parked car in Olorunda, Lagos state.  The vehicle was parked…

Ibrahimovic: Why I Hope To Stay At AC Milan For Life
Sports
14 views
Sports
14 views

Ibrahimovic: Why I Hope To Stay At AC Milan For Life

Webby - December 6, 2021

Zlatan Ibrahimovic has explained why he would love to ‘stay at Milan for life’ and jokes he could play with…

Leave a Comment

Your email address will not be published.